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Posted by MoparNorm on Wednesday, December 17, 2008 at 13:38:10 :
In Reply to: Legacy costs? posted by David on Wednesday, December 17, 2008 at 13:31:35 :
You are correct and most businesses pay that money to the unions up front and let the unions deal with any unfunded liability.
Detroit screwed up and now they pay TRIPLE per vehicle, paying both the current employees pensions and TWO additional retirees pensions....