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More or less, from what I gather. My brother's father-in-law lost his retirement medical benefits just before he retired. IMO this should really piss off taxpayers more than the actual bailout. When it comes to the bailout, there is much reason to believe it will be mostly paid back, if not fully, and possibly with interest. But picking up all those retires on Medicare/Medicaid is a cost that GM was able to just drop in our laps. That was probably the biggest bailout. A great uncle of mine was a test driver for Cadillac. He raised 4 kids, had a house and a cottage, etc. Test driving Cadillacs! And he knew just how good things had been for him... -he referred to GM as "Generous Motors".