I think it is just for FUTURE retirees, not the 500,000 current ones. They still had to give them something like $50B. GM is only worth $20B. The math astounds me. By my claculation, GM saved $11 Mil in pay in the 2 days that they were idled. No doubt, the production loses will be nil. Makes you wonder if this was not a pre-conceived pseudo-strike. Either way, all is well, I suppose.Mama2girls said:My big takeaway (and I will admit uneducated on the UAW) is that the union will now be managing their own benefits for their retirees instead of GM - I know that is a huge expense and it will be interesting to see if the union does any better.