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The UAW Retiree Medical Benefits Trust, with more than $45 billion in assets as of June 2010, and $58.8 billion as of March 2014, is the world's largest VEBA. [ 7 ] References
The UAW expanded its scope to include workers in other major industries such as the aerospace and agricultural-implement industries. The UAW disaffiliated from the AFL–CIO on July 1, 1968, after Reuther and AFL–CIO President George Meany could not come to agreement on a wide range of policy issues or reforms to AFL–CIO governance. [33]
As of July 10, 2009, the new GM has over $40 billion in cash, with the company's reorganized liability total of $48.8 billion which includes $24.4 billion to be paid to the Voluntary Employee Beneficiary Association (VEBA) trust, $9 billion to the U.S. and Canadian governments, and $15 billion in liabilities to suppliers and other bills. GM was ...
The UAW's wish list would amount to $25 billion-$30 billion per automaker over the life of the contract. "That adds $35 to $40 per hour to active labor cost — an increase of roughly 60%," the ...
The UAW has been one of the more successful American unions in fighting for generous pensions and health benefits for its members." [20] Dan Ikenson of the Cato Institute argued that "total compensation is the cost of labor to the companies, and for GM it is about $73 per hour and for Toyota about $48. The average cost differential between the ...
The UAW said the agreement commits GM to more than $11 billion in additional manufacturing investments that was already planned. Most of it is related to EV production. A $50,000 retirement incentive
The UAW said Ford agreed to $8.1 billion in new investments in plants in the US, with the 800-page contract revealing plans to spend $2.1 billion at Ohio Assembly for current products and a new ...
Proposition 162, also known as the "California Pension Protection Act of 1992," gave the PERS board "the sole and exclusive fiduciary responsibility over the assets of" PERS. [17] [21] To avoid confusion with public employees' retirement systems in other states, the organization's name was changed to "CalPERS" in 1992. [16]