Feds Investigate Automaker Retirement Plan

General Motors Corp. says the U.S. Securities and Exchange Commission is asking it for information about how it has been estimating and reporting retirement plan benefit obligations.[@@]

General Motors, Detroit, says in a statement that the SEC subpoena also asks about other matters, such transactions between it and Delphi Corp., Troy, Mich., a parts supplier that recently filed for bankruptcy court protection.

The subpoena also covers pension funding obligations and other post-employment benefit funding obligations related to the Delphi bankruptcy filing, General Motors says.