Based on unofficial sources we had previously reported that under the terms of the newly negotiated agreements new hires at GM and Chrysler would get a 401(k) instead of the traditional defined benefit pension. It is true the current defined benefit pension is gone for all those hired from now on. They will get a 401(k)--but that is only for post-retirement health care. A new cash balance, defined contribution retirement plan is being established for the sub-tier employees. So far we have seen no details other than there would be a company contribution of 6.4 percent of wages which would be invested in 30-year Treasury bonds.