Detroit Free Press: Wooten quoted on using pension funds to pay for retirement incentives

An article in the Detroit Free Press on Detroit automakers that are using pension funds to pay for retirement incentives quotes James Wooten, professor of law and a pension expert, who said, "It was quite typical in the '90s with the market going up. Lots of plans were over-funded, and if they were going to try to downsize, they would fund buyout packages with their excess pension packages. I am not aware of it happening that often among collective bargaining plans."