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In today's unpredictable economy, many companies are offering their employees buyouts as a way to shrink the size of their pension plans and ultimately reduce their longterm financial obligations.

Via BBC News US car giant General Motors (GM) has announced plans to reduce its pension obligations by $26bn (£17bn) by offering tens of thousands of retiring workers lump-sum payments. The firm will also contract Prudential Financial to run ongoing pensions. It said it would take a hit of $2.5bn to $3.5bn in its accounts […]