Lindsey Smith

Transcript

DAVID GREENE, HOST:

And now to big money that's tied up in a company's pension fund. Tens of thousands of white-collar Ford retirees will soon have a big decision to make: Should they stay in the auto company's pension plan, or take their chances with a lump sum payout instead? The offer is believed to be the first of its kind for such a large, ongoing pension fund.

Michigan Radio's Lindsey Smith reports.

The Palisades nuclear power plant in Michigan had five unplanned shutdowns last year. It's one of the area's biggest employers, and its safety record is one of the worst in the country. Now it's trying to prove to federal regulators that it can meet their standards.

On the shores of Lake Michigan, the Palisades Power Plant is tucked in between tall sand dunes in Covert Township, Mich., at the southern edge of Van Buren State Park.