says:
The roughly 30% of eligible salaried retirees who have accepted General Motors Co.'s offer to convert their monthly annuity to a lump sum benefit is a solid response to the trailblazing approach that other companies are expected to follow, observers say.
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Detroit Free Press says:
Since GM, several companies now have made some type of lump-sum trade-out offer involving pensions -- including Visteon, TRW Automotive and NCR.
