GM Offering Lump-Sum Buyouts to 42,000 White-Collar Retirees

Taking a cue from its cross-town rival, General Motors will offer lump-sum buyouts to 42,000 salaried retirees while transferring the pension program of the rest of its 118,000 white-collar retirees to Prudential Insurance. But GM's CFO also dropped a broad hint it may soon offer a similar plan to its union workers to off-load $100 billion in pension liabilities. More from TheDetroitBureau.com.