Tuesday, January 6, 2009

Ford pension up

It's good to see from the latest 2007 ERISA report that after all bills were paid, our UAW retirement account went up $638.4 million. Note, there were NO - ZERO - NADA, contributions made by Ford, it was all earnings from investments. That's after $68.5 million was paid for "administrative expenses."

So much for that legacy cost BS. Hope Getty doesn't give this to the company so they can still get bonuses.

Happy New Year - Mike

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