What's Next For GM and Chrysler

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Nearly 42,000 of General Motor’s salaried retirees and surviving beneficiaries will be able to take advantage of a new pension plan offered by GM on June 1. The changes include an option for selected U.S. retirees to receive a lump-sum payment or a continuing monthly pension payment. More information is available on the topic at http://www.gmpensionbuyout.info. The deadline for the decision is July 20, 2012, and since the new plan could have complex implications, it is suggested that a qualified financial planner review any final decisions.

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Rick Newman

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.


Read Rick's latest blog entries here.

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