Certain Ford Retirees Face Major Pension Decision

Lindsey Smith — Wed, 16 May 2012 09:23:00 +0000

Transcript

DAVID GREENE, HOST:

And now to big money that's tied up in a company's pension fund. Tens of thousands of white-collar Ford retirees will soon have a big decision to make: Should they stay in the auto company's pension plan, or take their chances with a lump sum payout instead? The offer is believed to be the first of its kind for such a large, ongoing pension fund.

Michigan Radio's Lindsey Smith reports.

LINDSEY SMITH, BYLINE: In Michigan, there are more than 30 clubs for Ford retirees. Charles White runs two of them.