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Mr. Fisher suggested a number of other changes in the pension financing rules.
The latest protest has been called to oppose government changes in the pension system.
On the streets outside Parliament, about 40,000 government and private sector workers protested planned changes in the pension system.
Congress and the Bush administration should therefore abstain from far-reaching changes in the pension laws, he said.
Special charges included $1.6 billion related to changes in the pension plans and $80 million for severance and related costs associated with job reduction.
G.M., still clinging to its status as the world's largest auto company, also announced changes in the pension and health care plans for its retired salaried workers.
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He defines structural factors to include, first, "precipitating" forces, such as the arrival of the Internet, demographic shifts (affecting the pattern of spending and saving), the new political consensus in favour of low taxes, changes in the pensions business, the declining quality (ie, increasingly optimistic) of professional investment advice, and others.
Too much has changed in the pension industry for that, said Mr. Iwry, now a senior fellow at the Brookings Institution, a research organization in Washington.
Berlusconi had hoped to convince the Northern League, the junior partner in his rightwing coalition, of the need for a radical change in the pension system.
The union has been pushing for a different change in the pension laws, to allow multiemployer plans more time to make up for their recent stock market losses.
Mr. Sarkozy also won a major victory by pushing through a change in the pension law that showed voters and the financial markets that he would make difficult and unpopular decisions in an effort to reduce government deficits.
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