GM’s pension plan changes are troubling

…Target benefit plans would be an example, a real hot button in pension circles. Morneau Shepell defines a TBP thusly: “To plan members, it is virtually indistinguishable from a regular DB plan except that accrued benefits are subject to reduction if the funding level falls below a given threshold.” So let’s say they’re run like DB plans, with flexibility. (HOOPP defines itself as a DB plan, though there are contingent benefits, such as cost of living increases, which could be reduced in the event of the plan not being fully funded.)

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