Last February, General Motors Co. announced it was issuing $2 billion in new debt to fund its defined benefit pension plan for hourly workers.
The move initiated new questions from pension consultants as to whether more sponsors should be considering the strategy.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
