GM wants pension risk "off the table"

clock

US - General Motors is looking to completely de-risk its US pension fund which currently touts a $10.8bn deficit, vice chairman Steve Girsky said yesterday.

Speaking at the Credit Suisse 2011 Automotive and Transportation Conference, he said, "We want to take pension risk off the table...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on US

US

TRS hands $6bn to KKR and Apollo, grows strategic partners programme

US - The Teacher Retirement System of Texas has agreed to issue $6bn combined to Kohlberg Kravis Roberts and Apollo Global Management expanding its strategic partnership programme to the private markets.

clock 08 November 2011 •
US

US investors returns negative in Q3

US - All US institutional investors performed negatively in the third quarter of 2011 with the median public, corporate and multi-employer funds down 8.94%, 7.94% and 9.03% respectively, Wilshire Trust Universe Comparison Service (Wilshire TUCS) results...

clock 08 November 2011 •
US

CalSTRS policy calls for political transparency

US - The California State Teachers' Retirement System (CalSTRS) has adopted a policy which puts pressure on company management teams to disclose their political contributions.

clock 07 November 2011 •
Trustpilot