US - Automotive parts supplier Delphi has moved some of its unfunded pension liabilities to parent company General Motors (GM) and has not applied to the Pension Benefit Guaranty Corp (PBGC) to increase pension funding waivers.
In its quarterly report, Delphi said it was committed to "funding and freezing at emergence" its pension plans, which it expected to be able to do by a combination of cash contributions and transfe...
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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here