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GM Cuts Pension Obligations

Automaker could inspire other companies with big pension plans.

By Staff Writer | Updated on June 18, 2012

The news General Motors is downsizing its pension obligations is likely to inspire similar moves by other companies, experts say.

“This is going to set off a trend that sees a lot of the other jumbo plans explore this option more fully,” says Ramy Tadros, partner and head of the Americas insurance practice at Oliver Wyman. “The key question is going to be around the capacity of the life insurance industry to bring enough capital into this to absorb those liabilities.”

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