U.S. Treasury Department Screws GM Retirees and Actives

U.S. Treasury Department treats USW/IUE-CWA/IAM/ and Teamster retirees differently then UAW retirees. General Motors and the UAW agreed to fund current and future retiree health care through a Voluntary Employee Benefit Association Trust (VEBA) fund. As part of the bankruptcy process the Trust was partially funded with cash and the balance through GM stock of the new company.

General Motors agreed in principal to fund a VEBA for the other unions that represent workers in their facilities but the Treasury Department intervened and halted the process. This intervention prevents about 50,000 current and future retirees from receiving health care coverage they were promised by General Motors. Rather than receiving the benefits they deserve the workers represented by these other unions are thrown into the bankruptcy process as unsecured creditors. This essentially wipes out any chance of these current and future retirees of ever receiving health care benefits from General Motors.

The unions referenced above are fighting this injustice. We need your help!

Please contact your elected representatives and demand that all GM current and future retirees be treated the same as the UAW retirees.