General Motors has made it official and completed its voluntary pension fund contribution with 60.6 million shares of GM common stock valued at exactly $2 billion. Of the 60.6 million shares, 40.4 million shares will go towards supporting the pensions of retired hourly workers while the remaining 20.2 million shares will be used for the pension plans of salaried workers. This addition of stock also puts the tab at an estimated $6 billion in contributions and provide benefits for exactly 688,000 participants.
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