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From the Detroit News;

Detroit automakers and the United Auto Workers are looking at a plan that would transfer responsibility for retiree health care from the companies to the union.


The companies would have to put up billions of dollars in cash and stocks, but they would then be free of this burdensome liability. It would be up to the UAW to make sure the fund remained solvent, but its members would have the security of knowing these key retirement benefits could not be taken away by a bankruptcy court judge.

It seems like a long shot, but at least they are looking for new ideas.

- Jeff
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