GM announced on June 1 that they intend to de-risk their pension plan liabilities by an estimated 26 billion dollars. In order to do so, the company is offering selected U.S. GM retirees a chance to take a lump-sum payment offer, while other retirees continue drawing monthly pension payment benefits. More detailed information regarding pension plan changes is outlined at http://gmpensionbuyout.info. With the July 20, 2012 deadline quickly approaching, it is recommended that anyone affected by these changes seek advice from a qualified financial advisor.