The purpose of this communication is to advise you that beginning this week, GM benefit-eligible participants will be receiving a Summary Plan Description (SPD) applicable to benefits they may be eligible for. The SPD is an important document that tells participants what the plan provides and how it operates.
At a minimum of every 5 years, the Employee Retirement Income Security Act (ERISA) requires plan administrators to give plan participants in writing the most important facts they need to know about their retirement and health benefit plans including plan rules, financial information, and documents on the operation and management of the plan.
Depending on the participant’s preferred method of receiving plan information, the SPD will either be sent via Standard Mail or delivered electronically to the email address they previously provided. Mailings will be staggered, beginning this week and continuing over the next several weeks.
Any questions can be directed to the GM Benefits & Services Center at 1-800-489-4646 or see your Local Union Benefit Representative.