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Financial Impact

GM, Chrysler Might Have to Contribute Nearly $15 Billion

April 6, 2010
‘Automaker downsizing and the credit market crisis have created significant stress for [auto] suppliers and their pensions,’ including in 2009 ‘a rise in the number of supplier bankruptcies, liquidations and pension plan terminations,’ the report states.
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Benefits Managers Eye Impact of Reforms

March 29, 2010
Some benefits experts also are hopeful that provisions aimed at transforming the health care delivery system and emphasizing wellness and prevention could pay dividends for employers.
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Senate Fails to Extend COBRA Subsidy Before Break

March 26, 2010
Without the extension, employees who are involuntarily terminated after March 31 will not be eligible for the 65 percent, 15-month premium subsidy. The House-approved bill, introduced by Ways and Means Committee Chairman Sander Levin, D-Michigan, would extend the subsidy eligibility through April 30.
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Ford VEBA Contribution Approved

March 26, 2010
Ford sought the exemption to allow the United Auto Workers’ VEBA fund to hold Ford securities in excess of the amount permitted from an employer under ERISA.
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