General Pay Increase
Wage increase will be processed into the employee’s pay effective November 23, 2015 and payable in the employee’s paycheck received on December 4, 2015
Lump Sum Settlement Bonus
Lump sums will be added to the employee’s additional pay with an effective date of November 23, 2015. Employees will likewise receive the payment in their check also on December 4, 2015.
Based on the time of the year that this will be occurring with year-end processing, holiday pay, and other activities within the payroll function, GM will not be able to pay the retro lump sums until the 2nd or 3rd pay period in 2016.
Quality Bonus Payment
Process to load the payment to employee’s paycheck will be performed during the week of November 30, 2015 and payable in the check received by the employee on December 11, 2015.
Retiree $500 Bonus Payment
The $500 payment will be issued as a check which will be printed and mailed beginning December 15, 2015.
Payments will be made to retirees who retired on or before October 1, 2015.
This includes UAW retirees who were divested to another company and who receive part of their pension benefits from the GM Hourly Pension Plan and part from the other company’s pension plan. This included UAW-Delphi retirees who are receiving only Uplift or Top-Up benefits from the GM Hourly Pension Plan.
No overpayment collections will be applied against the $500 payment and no taxes will be deducted from the payment.