bar

Retirees’ Corner

Retirees

Retiree Spouses: We encourage all spouses to attend meetings with your GM Retiree. You gather important information at these meetings and sometimes two pairs of ears is better than one.

Spouse/Surviving Spouse Associate Member Status: Surviving spouses are encouraged to continue participating in retiree meetings and other retiree activities once the GM Retiree is no longer with us. The UAW makes special provisions for spouse or surviving spouse of a UAW retired member in good standing to become an Associate Member of the Local Retiree Chapter with the right to participate in activities to the extent specified in the Administrative Procedure.

To become an Associate Member of UAW Local 1112 you must fill out an Application for Associate Status Spouse/Surviving Spouse form. These forms are available at the union hall.

The UAW has a $2.00 per month voluntary dues for all retired members. In order for a surviving spouse who has filed for Associate Member status to be added to the See Here newspaper mailing list all Associate Members must pay the $24.00 per year ($2.00 per month) fee. You can do this thru check-off (automatically deducted from your surviving spouse pension check) or by paying cash to the Financial Secretary of the Local Union. Receiving the See Here in the mail will help you stay informed regarding meeting dates, benefits changes, etc.

Marriage/Re-marriage Provision: If you, the member, get remarried due to any circumstance, you must enroll your current spouse for survivorship for them to receive 65% of your basic pension. This must be done within 18 months of marriage but you can call anytime within the 1st year. Failure to enroll within the first 18 months of marriage disqualifies you from the surviving spouse benefit. To enroll your current spouse you can call 1-800-489-4646.

Retiree Change of Address: Retiree address changes should be done at the following three (3) locations:

  1. 1.Call Diane at the Union hall 330-538-2213 xt 102. This will change it for your See Here Newspaper and Solidarity Magazine.
  2. 2.Call the GM Benefits and Services Center at 1-800-489-4646. When prompted for a pin number hit “0” to be connected with a person and then ask for Pension. This will change where you receive information regarding your pension.
  3. 3.Call the Medical Benefits Trust at 1-866-637-7555. This will change where you receive medical information.

Don’t forget you should call all three (3) to change your address. If you travel south for the winter months, you must do this each time you change your address.

Next Meeting: We have adjourned our retiree meetings for the winter. Our next meeting will be held on Monday, March 4, 2013, 11:00 a.m. at Antone’s. Be careful out there this winter.

I would like to wish everyone a safe and prosperous New Year.

PrintEmail

Retirees’ Corner

Bill Bowers, Chairman

 GM Retiree ID Card: Recently you received notice on your pension check about registering to receive a “GM Retiree” ID card.  This card will entitle you to “Marketplace” section offers.  GM Marketplace is the one-stop retiree discount service that offers a variety of goods and services at a discounted rate.  There are currently 58 vendors offering discounts.  To view all of the offers go to www.gmretiree.com and click on Marketplace.

Parking at our monthly meeting: In March we had over 500 people at our meeting.  This caused parking problems which we already had.  We cannot park at the bank above Antone’s.  There are other businesses that use that parking.  We must respect those businesses.  DO NOT USE THOSE SPACES!! For those attending their first meeting, we have additional parking at Phantom Fireworks about ½ mile south on Market St.  A bus will bring you to the door and return you to your parked car.

National Negotiations: The retirees submitted contract resolutions for the collective bargaining coming this summer.  The local union membership voted to adopt the following resolutions that will benefit us retirees.

 

  • Reinstate the December pension bonus and increase it to $800
  • Reinstate the “age creep” section of our pension agreement.  This allows us to collect our supplement pension benefit once we qualify for social security until we reach our 80% social security age
  • Increase base pension amount to benefit all retirees as our health care costs continue to increase
  • Have GM pay for our dental and vision coverage again

These will be debated by the International Union and passed on to the top bargaining committee for negotiations.

 Next meeting: Jim Mattas from Social Security Administration will be our speaker at the April 4, 2011, meeting.  You probably will receive you See Here after our April meeting so I will start projecting our speakers and monthly meeting date one (1) month ahead.

Our May meeting will be held May 2, 2011, 11:00 a.m. at Antone’s Banquet Center on Market St in Boardman.  We do not have any speakers scheduled for May.

 

DFopeiu1794

03/11/10

PrintEmail

Retirees’ Corner

Bill Bowers, Chairman

Lump Sum Payments (a.k.a. Christmas Bonus): The Lump Sum Payments (aka Christmas Bonus) will be paid the second week of December 2010 for those of you who retired before the 2007 Agreement.  The amount of the check will depend on your years of credited services – maximum $700.00 for retirees and $455.00 for surviving spouse.

In error at our October membership meeting I reported that we would get the lump sum payment in 2010 and 2011.  Our contract expires on September 14, 2011 so the lump sum has to be renegotiated.  Therefore, 2011, NO lump sum unless it is put in our contract.

Health Care Changes: I want to cover the upcoming changes to our health care coverage again:

  • No increase in monthly contributions
  • No increase in deductable or coinsurance
  • Smoking cessation, Chantix and Zyban – covered
  • Diabetes education – certified diabetes educators to be made available.  Not a benefit in doctor’s office.
  • Cardiac Rehab to be offered
  • Nurse Practitioners, Physician Assistants – covered
  • Shingles vaccine – covered
  • Dependent coverage till age 26 (no school required)
  • Cost increase for brand name drugs
    • 30 day supply $25 to $30 = $5.00 increase
    • 90 day mail order $50 to $60 = $10.00 increase
  • Generic drugs stays the same for 2011
  • $50.00 co-pay for Urgent Care Facilities (Emergency Room will remain $100 co-pay)
    • Using Urgent Care Facilities will save you $50 per visit
    • Both fees will be waived if your are admitted

Next Meeting: Our next meeting is November 1, 2010, at 11:00 a.m.  We will be having turkey and dressing and our featured speaker will be Melissa Chambers from Visiting Physicians Assoc.

Our Christmas Party is Sunday, December 5, 2010, 5 – 10 p.m. at Antone’s.  Tickets are just $10 per person and will be on sale at the union hall until November 22nd.  Come on out and join us; we always have great time.

We will not meet in January, February and March.  Our first meeting in 2011 will be April 4th.

 

 

PrintEmail

NEW LOCATION: Starting in March of 2010 the Retirees will meet at Antone’s (not Mr. Anthony’s) on the corner of Market St (Route 7) and Western Reserve Rd in south Boardman.  The first meeting will be on Monday, March 1, 2010 at 11:00 a.m. Doors will open at 10:00 a.m. for coffee and conversation.

How do I get there?  If you are coming from the south, follow Route 7 North to Western Reserve Rd, Antone’s will be on the north corner.  If you are coming from Austintown area you can follow 224 to Market St and go south on Market or take 680 to Western Reserve Rd, turn right and go to Market Street.

Coming from PA, take 80 to 680 South to Western Reserve Rd to Market Street.  Coming from Warren and Cortland follow 11 South to the 711 Connector follow 711 to Route 680 (toward Pittsburgh) to Western Reserve Rd to Market Street.

COBRA OFFER: Notices have gone out for Dental and Vision Cobra Coverage.  The notice should answer any questions that you may have.  If after carefully reviewing the notice you still have questions, call the enrollment # at 800-489-4646.

SURVIVING SPOUSES: Since we are going through changes in Health Care, Dental and Vision coverage a lot of surviving spouses are not sure how the changes apply to them.   The short version is as follows:

  • Surviving spouses are entitled to 65% of the basic pension received by the retiree unless you previously waived surviving spouse coverage.
  • Health care – you will continue to be covered under the spouse coverage but you must change the coverage to your name by calling 1-800-489-4646.
  • Surviving spouses are entitled to the same dental and vision coverage under COBRA as the spouse would have been entitled to.

 

PrintEmail

EXPLANATION: Last month I wrote about the VEBA with information updates but the section on “Payment Information” created more questions than it answered. I will try to simplify the payment information:

  • If you currently have your health care costs deducted from your pension check you do not need to do anything! It will automatically roll over to the VEBA on January 1, 2010.
  • If you are not sure that you currently pay by automatic deduction, check your stub from your pension payment on the left side it will show a deduction for medical either $11.00 or $23.00. That means your medical costs are deducted from your pension check. Again, you do not need to do anything.
  • If there is not a deduction for medical that means you are paying out of pocket. In January 2010, you will receive an invoice billing you for January and February 2010 and you will be billed for your monthly contribution on a monthly basis from then on.
  • If you want your health care costs taken from your pension check, you can do so by calling 1-800-489-4646 and select the “medical” prompt and enroll to have the medical costs taken from your pension check in the future.

COBRA OFFER: You will be receiving a notice from GM offering you COBRA medical coverage. You do not need to do anything. Your healthcare will automatically roll over to the UAW Retiree Medical Trust (aka VEBA), but read through it.

Included will be a COBRA offer for Dental and Vision coverage that will be cheaper than the current Delta Dental offer. If you retired before July 1, 2009, the offer will be a lifetime benefit. Those who retired July 1, 2009, the offer will be for 18 months only.

If you signed a contract with Delta Dental, under their current offer you will be allowed to drop the Delta Dental offer and take the COBRA offer without a penalty (Delta is currently saying you must enroll in their plan for one (1) year. If you sign up for the COBRA, call Delta Dental and tell them you are canceling.

This offer from COBRA should be coming to you in November 2009. Phone numbers to respond will be available on December 9, 2009, and you must respond within 60 days.

UAW RETIREE MEDICAL TRUST (VEBA): You should start to receive your Welcome letters in early November 2009. It contains all the phone numbers you will need and details on costs and future mailings.

  • Costs: monthly contributions will increase from $11.00 to $15.00 for single coverage and family coverage will go from $23.00 to $30.00
  • Those who are in “protected status” cost will increase from $11.00 to $15.00 for single and family coverage will be $15.00
  • Deductibles will increase by $6.00 to $170.00 for single and $340.00 for family
  • Out of pocket maximum will increase for in-network to $285.00 Single; $570.00 family
  • Out of pocket maximum will increase for out-of-network to $570.00 Single, $1140.00 Family

As required by law you will receive legal notices that require no action on your part.

  • Notice of credible coverage, if you are enrolled in Medicare.
  • COBRA notice for you and your dependents as a result of GM plan termination on December 31, 2009 (except for the Dental and Vision offers).
  • Summary of Material Modification (SPD).
  • HIPPA Certificate notifying you that your health care coverage from GM has ended.

LUMP SUM BONUS: Retirees whose benefits started before October 1, 2007 will receive a lump sum payment in December 2008, 2009 and 2010. If you have 30 or more years of credited service, you will receive $700 (around December 15th); if you have less than 30 years credited service, your lump sum will be $23.33 times your years of credited service with a minimum payment of $233.33 (10.0 years credited service). Those who retired October 1, 2007 or later will receive a base pension increase for the life of this agreement.

Surviving spouse will receive 65% of their spouse’s entitlement.

NEXT MEETING: The membership voted to suspend meetings until March 2010 and to move our meetings to Antone’s Banquet Center located at the corner of Market St and Western Reserve Rd in Boardman (not Mr. Anthony’s). This will happen in March 2010. I will give directions in both my January and February article. The quality of the hall and food will be far better than the Metroplex.

 


PrintEmail

Retirees’ Corner

Bill Bowers, Chairman

V.E.B.A. IS COMING: Over the next few months, until January 1, 2010, you will receive a lot of paperwork concerning the VEBA Health Care Coverage. It is not necessary for you to do anything except review it to understand the process.

At the end of September 2009, you received a notice on monies being moved from the old VEBA to the new VEBA. With the loss of the vision and dental coverage in July, 2009, some money remains in the old VEBA account. Per the requirements of the Employee Retirement Income Security Act (ERISA) all parties must be notified before any monies can be moved to the new VEBA in January 2010. The plan participants (the retirees) have to be notified that the ERISA is going to allow a plan to plan transfer of assets. That is the explanation of the notice received. You do not have to do anything.

In early November 2009 you will receive an introduction from the new VEBA which I will explain later in the Retirees’ Corner. In December you will receive your new ID cards and a summary plan description (SPD). The SPD will explain what is covered by the VEBA. It should not be anything different than our current coverage.

This information was in last month’s See Here – it created some questions. We are repeating the information to hopefully answer your questions.

Remember, as of January 1, 2010, two (2) things will happen:

1. GM will no longer be responsible for health care coverage

2. Health care coverage will be determined by the financial health of the VEBA and the eleven (11) member trustee panel.

VEBA UPDATES AS OF AUGUST 24, 2009:

A. VEBA General Information

  • New Name “UAW Retiree Medical Trust”
  • Effective Date: January 1, 2010
  • Tax Exempt
  • To provide secure and continual coverage. Funding strength will determine coverage available
  • VEBA will have two divisions:

A. Operations Staff

B. Investment Staff

  • Eleven (11) Trustees to Administer VEBA

A. Bob Naftaly, Chairperson

B. Five (5) UAW Trustees will be President Gettelfinger, Vice Presidents Bob King, General Holiefield, Cal Rapson and Jim Settles

  • Hewitt and Associates will handle GM and Chrysler

A. Hewitt currently handles Chrysler

B. Affiliated Computer Service (ACS) handles Ford’s VEBA

B. Eligibility Rules

  • No change on eligibility
  • Establish a Call Center (Retiree Health Care Connect) by January 1, 2010 open 8:30 a.m. to 4:30 p.m. EST
  • Call Center to be in Charlotte, NC. Service returned to America from India. All service will be done in America.
  • No PIN number needed for calls
  • Will need to know last four (4) digits of your SS#, date of birth, zip code
  • No HIPPA requirements. Anyone can call to help our retirees. A few situations may still require Power of Attorney.
  • Internet Services will be established by May 1, 2010 to handle the following:

1. Enrollment

2. Dependents

3. Address Changes

4. Payment info (monthly contribution)

5. Routine inquiries

C. Retiree will stay with their current carrier

· HMO offerings will be made on May 1, 2010 by geographic area where available

· New ID cards will be sent to retirees in early December

· Current carrier will be maintained

· No documentation will be needed to add dependents

· VEBA Administration will have separate dependent audit

· COBRA will be offered for dependents removed

· All disabled children enrolled will be reviewed

D. Payment Information

  • Plan Payments (deductions) can be made through your pension programs. If you are not currently signed up for automatic payment (deduction), we encourage you to do so. If you are not sure that you have the automatic deduction, look on your pension payment stub under deductions, it should show medical with a $dollar$ amount. That means that you are enrolled.
  • Those who do not have automatic payroll deduction will be invoiced in January 2010 for January and February. If you would like to join the automatic payment (deduction) plan, you can call 1-800-489-4646 and select the “medical” prompt. You can then tell them that you want your healthcare payments taken from your pension check.
  • Again, we encourage you to sign up for automatic pension deduction. If you miss a payment for any reason, your coverage will be dropped.
  • All active members considering retirement must enroll 90 days prior to retirement to avoid loss of coverage.

E. Summation of VEBA

  • Notices will be sent to all retirees in early November to introduce you to the VEBA
  • New ID cards (same carrier as your currently have) will be sent in early December
  • Summary Plan Description (SPD) will be sent to retirees in December 2009
  • Plan starts January 1, 2010 (Call Center will be open Saturday, January 2 and Sunday, January 3, 2010 from 8:30 a.m. to 4:30 p.m. to handle questions and enrollments)
  • Internet Services to start May 1, 2010

NEXT MEETING: Our next regular Retirees Membership Meeting will be held on Monday, November 2, 2009, 11:00 a.m. at the Metroplex in Liberty. We will be voting on whether to move to a new location or stay at the Metroplex. See You There.

CHRISTMAS DINNER/DANCE: Tickets are on sale for the Christmas Dinner and Dance to be held on Sunday, December 6, 2009, at the Metroplex. You can purchase your ticket at the union hall or at our next membership meeting. Cost is $10.00 per person. Doors open at 5:00 p.m. Dinner is served at 6:00 p.m. Cash bar.

DFopeiu1794

10/13/2009

PrintEmail

McCain Doesn't Like Unions

McCain: Unions Have Played 'Important Role' But Have 'Serious Excesses.' When asked if unions are good for America, McCain responded, "I think the unions have played a very important role in the history of this country to improve 'the plight and conditions of laboring Americans. I think that like many other mo­nopolies, in some cases they have then serious excesses." [GOP Dearborn Debate, MSNBC, 10/9/07]

* McCain: Teachers' Unions Serve Unions' Interest, NOT Children's Interest. McCain has repeatedly attacked teachers' unions. "It's time to break the grip of the education monopoly that serves the union bosses at the expense of our children," he said. [The New York Times, 2/11/00]

McCain Says Government Workers Are 'Crippled' by Union Contracts. In his speech to the Oklahoma State Legislature, McCain said, "We must streamline our workforce, demand high standards of behavior, promote excellence at every level based on merit and accountability, and not let good workers be crippled by the fine print of the latest union contract…..The civil service has strayed from its re­formist roots and has mutated into a no-accountability zone, where employment is treated as an entitlement, good performance as an option, and accountability as someone else's problem." [Address to the Oklahoma State Legislature, 5/21/07]

McCain Opposed Our Freedom To Form Unions

McCain Voted Against the Employee Free Choice Act but For a National Right-to­-Work for Less Law. McCain voted against the Employee Free Choice Act, which would level the playing field for workers trying to form unions. He voted for a National Right-­to-Work for Less law that would attempt to eliminate unions altogether. [HR 800, Vote #227,6/26/07; S. 1788 Vote #188, 7/10/96]

McCain Crossed a Writers Guild Picket line to Appear on 'The Tonight Show.' Mc­Cain crossed the picket line of the Writers Guild of America to appear on "The Tonight Show with Jay Leno." [Think Progress, accessed 2/27/08]

McCain Voted to Allow Employers to Hire Permanent Replacements During a Strike. McCain voted against ending debate on a bill that would bar employers from hiring per­manent replacements for striking workers. [So 55,Vote #189, 7/13/94]

McCain Did NOT Co-Sponsor the Public Safety Employer-Employee Cooperation Act. McCain did not co-sponsor S. 2123, the Public Safety Employer-Employee Co­operation Act, legislation to grant fire fighters and police officers minimum collective bargaining rights. [So 2123,10/1/07; IAFF]

McCain Voted Against Collective Bargaining Rights for State and Local Police and Firefighters. [HR 3061, Vote #323, .11/6/01]

McCain Voted Against Collective Bargaining Rights for TSA Screeners. McCain voted against a measure to grant Transportation Security Administration (TSA) airport screeners limited collective bargaining rights. The measure would not have allowed them to strike or negotiate for higher pay. [So 4, Vote #64, 3/7/07]

PrintEmail

Retirees’ Corner
Bill Bowers, Chairman

Retirees’ Corner
Bill Bowers, Chairman

HEALTH CARE COVERAGE:  The International Union is still trying to put together a group package for both Dental and Vision coverage, but as of this article nothing is completed.  If the UAW can put together a group package you will be notified as to what it covers and the costs.

You have received discounted offers from both Optiview and Delta Dental.  Those offers are from those companies but not with UAW involvement.

VEBA:  The VEBA Health Care Coverage is coming swiftly.  At a meeting with the UAW and GM, we learned some additional information about what to expect and when.

Remember, as of January 1, 2010, two (2) things will happen:
1.  GM will no longer be responsible for health care coverage
2.  Health care coverage will be determined by the financial health of the VEBA and the eleven (11)              member trustee panel.

VEBA UPDATES AS OF AUGUST 24, 2009:

A.  VEBA General Information
·    New Name “UAW Retiree Medical Trust”
·    Effective Date:  January 1, 2010
·    Tax Exempt
·    To provide secure and continual coverage.  Funding strength will determine coverage available
·    VEBA will have two divisions:
A.    Operations Staff
B.    Investment Staff
·    Eleven (11) Trustees to Administer VEBA
A.    Bob Naftaly, Chairperson
B.    Five (5) UAW Trustees will be President Gettelfinger, Vice Presidents Bob King, General Holiefield, Cal Rapson and Jim Settles
·    Hewitt and Associates will handle GM and Chrysler
A.    Hewitt currently handles Chrysler
B.    Affiliated Computer Service (ACS) handles Ford’s VEBA

B.  Eligibility Rules
·    No change on eligibility
·    Establish a Call Center (Retiree Health Care Connect) by January 1, 2010 open 8:30 a.m. to 4:30 p.m. EST
·    Call Center to be in Charlotte, NC.  Service returned to America from India.  All service will be done in America.
·    No PIN number needed for calls
·    Will need to know last four (4) digits of your SS#, date of birth, zip code
·    No HIPPA requirements.  Anyone can call to help our retirees.  A few situations may still require Power of Attorney.
·    Internet Services will be established by May 1, 2010 to handle the following:
1.    Enrollment
2.    Dependents
3.    Address Changes
4.    Payment info (monthly contribution)
5.    Routine inquiries

C.  Retiree will stay with their current carrier
·    HMO offerings will be made on May 1, 2010 by geographic area where available
·    New ID cards will be sent to retirees in early December 
·    Current carrier will be maintained
·    No documentation will be needed to add dependents
·    VEBA Administration will have separate dependent audit
·    COBRA will be offered for dependents removed
·    All disabled children enrolled will be reviewed

D.  Payment Information
·    Plan Payments can be made through your pension programs
·    Those who do not have payroll deduction will be invoiced in January 2010 for January and February
·    We encourage you to sign up for pension deduction.  If you miss a payment for any reason, your coverage will be dropped.
·    All active members considering retirement must enroll 90 days prior to retirement to avoid loss of coverage.

E.  Summation of VEBA
·    Notices will be sent to all retirees in early November to introduce you to the VEBA
·    New ID cards (same carrier as your currently have) will be sent in early December
·    Summary Plan Description (SPD) will be sent to retirees in December 2009
·    Plan starts January 1, 2010 (Call Center will be open Saturday, January 2 and Sunday, January 3, 2010 from 8:30 a.m. to 4:30 p.m. to handle questions and enrollments)
·    Internet Services to start May 1, 2010

RE:  UAW GM and Delphi Legal Services Plan Coverage:

As you may be aware, UAW members eligible for the Legal Services Plan must pay imputed income.

Previously, in certain situations some participants had an increased tax liability.  For example, if both spouses worked at either GM or Delphi, or have coverage as a retiree and surviving spouse from either company, the participants may be charged two imputed income amounts.

To avoid this increased liability and if the above-stated circumstances exist, one eligible participant of the Plan may now declare coverage for both eligible parties for tax purposes.  This will result in both parties enjoying the same level of legal service coverage and only one member being charged with imputed income.

To provide notice of dual coverage or to delete or reinstate coverage, the member must call (800) 521-7818, ext 517 and indicate they are calling regarding dual Plan coverage.  Eligible participants’ names, social security numbers, locations of employment and local union numbers should be available at the time of the call.

·    Notice of dual coverage from the tax paying party must be received no later than Friday, September 25, 2009 and will become effective November 2, 2009.

NEXT MEETING:  Our next regular monthly meeting will be Monday, October 5, 2009, 11:00 a.m. at the Metroplex in Liberty.   See You There.

DFopeiu1794
09/02/2009

PrintEmail

By Poornima Gupta, Date: Wednesday, November 21

DETROIT (Reuters) - The United Auto Workers union is establishing clear rules for a massive new health-care trust intended to guarantee the independence and solvency of a $56 billion .fund that will be set up by the Detroit automakers.

"We are going to have some very strict controls in the trust agreement," UAW President Ron Gettelfinger told the Reuters Autos Summit in Detroit on Tuesday. "My biggest concern in the establishment of this (trust) is that we have the groundwork or framework in place, if you will, to ensure that we have the proper people in place to make sure we take care of business."                                            

Detroit's three U.S. automakers all signed a landmark health-care deal with the union, under which responsibility for retiree health care would shift to a new UAW. -aligned trust fund known as a voluntary employee beneficiary association (VEBA).

The trust needs court approval and U.S. Securities and Exchange Commission accounting clearance before taking effect in 2010 under just-completed labor agreements between the union and the automakers.

Gettelfinger said union representatives were currently putting together a list of all the issues the UAW needed to address to set up a framework for the VEBA ranging from the independence of trustees to the objectives for fund managers who were to be brought in.       

He said the UAW would focus first on establishing a similar VEBA at auto parts supplier Dana Corp (DGNAQ.PK: Quote, Profile, Research) before January and then shift its focus to the bigger trust fund.                                             

"It will be a slow process," Gettelfinger said. "But by the time I leave here as president this thing is going to be well established; and it's going to be off and run­ning." The key investment priorities for the trust fund would be protecting its solvency and generating cash flow in order to ensure that it can provide health care for at least 80 years for UAW-represented workers and retirees, Gettelfiriger said.

The UAW could become the single biggest shareholder in Ford. Motor Co. (FN: Quote, Profile, Research) and General Motors Corp(GMN: Quote, Profile, Research) since the health-care trust is being financed partly through convertible debt; Gettelfinger said it. was not clear if the YEBA trustees would make the decision alone or in consultation with the UAW about whether to convert the debt to shares equivalent to as much as 16 percent of GM stock and 15 percent of Ford stock.

PrintEmail

uaw1112 logo14