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G.M., the largest automaker in the world, also has the largest health care obligation among the Big Three.
General Motors said on Thursday that its future health care obligation for retirees rose last year to $63.4 billion, from $57 billion in 2002.
The company, along with Ford and Chrysler, has also reduced its health care obligation by paying into a trust to cover the medical bills of its retired hourly workers.
Only $16 billion of GM's $77 billion health care obligation to retirees is funded.
Its retiree health care obligation, by contrast, is more than three times that amount.
This has meant the land provided for cemeteries is locked up in a 'perpetual care' obligation, and sites are often subsequently abandoned.
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But most big companies are not ready to give up on their health care obligations.
But consider the federal situation — excluding, as with the state numbers, health care obligations.
The steel business was unattractive to buyers, he said, in part because of the large health care obligations.
The firm has also advised the United Automobile Workers union in its negotiations with Detroit's auto makers over health care obligations.
Hamtramck has only 90 employees, yet it is saddled with the pensions and health care obligations of 252 retirees.
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CEO of Professional Science Editing for Scientists @ prosciediting.com