A lack of pension plan funding is the latest addition to GE ’s list of problems which include ongoing investigations, defective products, and a quick turnover for its this week CEO. In all, GE’s workers have been promised about $100 billion in payments, but the company has only $71 billion in assets set aside to meet those obligations. GE Capital has one active workers and retirees covered by fixed payment pension plans worldwide, promising $ $2.2 billion to cover the cost. Currently, GE has only $71bn in assets available to meet those costs. GE price targets continue to fall.
A lack of pension plan funding is the latest addition to GE ’s list of problems which include ongoing investigations, defective products, and a quick turnover for its this week CEO. GE Capital has one active workers and retirees covered by fixed payment pension plans worldwide, promising $ $2.2 billion to cover the cost. Currently, GE has only $71bn in assets available to meet those costs. GE price targets continue to fall.