When General Motors cites retiree costs, the giant auto maker has a point: It owed nearly 700,000 U.S. workers and retirees pensions that totaled $87.8 billion at the end of last year.

But $95.3 billion had already been set aside to pay those benefits when due.
....
GM has often said its U.S. pension plans added about $800 to the cost of each car made in the U.S. in 2004. It declines to say how much was due to executive pensions.

Well considering that the general pension fund is $7.5 BILLION over, and GM is collecting interest on it, that $800 and then some is due to executive pensions. Unions causing problems my ass. It's the fat asses in the leather chairs.

WSJ.com - As Workers' Pensions Wither, Those for Executives Flourish