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.
A lack of pension plan funding is the latest addition to GE Capital’s list of problems which include ongoing investigations, defective products, and a quick turnover for its year-long CEO. GE has roughly 618,000 active workers and retirees covered by fixed payment pension plans worldwide, promising $100bn to cover the cost. Currently, GE has only $71bn in assets available to meet those costs. GE price targets continue to fall.