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Are the assets in GM’s pension plans protected from creditors’ claims?

April 26, 2017assets GM Pension plans protected

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Are the assets in GM’s pension plans protected from creditors’ claims?

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The GM Hourly-Rate Employees Pension Plan (HRP) and GM Retirement Program for Salaried Employees (SRP) are qualified retirement programs, protected under the Employee Retirement Income Security Act of 1974 (ERISA). The assets held in the pension trust are not available for creditor claims.