The Calculus Of Taking The Buyout.

The article discusses the specifics of General Motors' (GM) proposed health care buyout. Unionized workers are being offered a buyout payment based on their number of years of service with GM. By accepting the buyout, workers will help the company restructure and possibly avoid a chapter 11 bankruptcy filing. The largest portion of GM workers would receive up to $140,000 for giving up health coverage. Workers with fewer years of service would receive less money.