Performance Bonus Update

Performance/Quality Bonus Payments will be paid on October 14, 2016.  Unlike Profit Sharing, there is not a separate election to defer a portion of this bonus into the Personal Savings Plan (PSP); this bonus will have the same PSP deferral as your normal weekly wages.

 

Consider saving just a little bit more for retirement.  Log into your PSP account at

http://www.gmbenefits.com/

Special Compensation and Benefit Treatment for UAW members Called to Special Active Duty in Armed Forces

 

General Motors and the UAW have approved an extension of the enhanced compensation and benefit provisions for employees in reserve components of the Armed Forces called to special active duty as a result of the incidents occurring on September 11, 2001.  They are effective immediately.

Pay, minus applicable reductions, will be extended to cover time a UAW GM member spends on special active duty through September 30, 2017.  In addition, eligibility and participation in certain benefit coverages, e.g., Health Care and Basic Life Insurance, will be allowed during this same time period on the same basis as if you were actively at work.

Each member who is on a military leave of absence or will be on military leave of absence due to call-up related to the tragic incidents occurring on September 11, 2001, should contact your local Human Resources representative as soon as possible to clarify the handling of pay and benefit matters.

If you are currently on or are called to Special Active Duty, these provisions are very important to you.  Please contact your local union representative if you have questions or need clarification.

Performance Bonus Payment & In-Progression Wage Increase

 

The GM-UAW National Agreement provides for a Performance Bonus payment to be paid to eligible employees equal to four percent (4.0%) of Qualified Earnings for the 52 consecutive pay periods immediately preceding the pay period in which September 18, 2016 falls.

UAW represented members who have seniority as of, September 18, 2016, and who are otherwise qualified will receive a performance bonus payment during week ending October 16, 2016.

Members covered by the MOU – UAW-GM Wage & Benefit Agreement for Employees In-Progression, are not eligible for the 2016 Performance Bonus Payment. However, eligible In-Progression members will receive a wage increase in accordance with the MOU UAW-GM Wage & Benefit Agreement on September 19, 2016.

Qualified Earnings are defined in the National Agreement as income received by an eligible employee from the following:

Hourly Base Wages*

Shift Premium*

Vacation Entitlement

Holiday Pay

Seven-Day Operator Premium

Bereavement Pay

Jury Duty Pay

Apprentice Pay

Call-In Pay

Short Term Military Duty Pay

Back pay awards related to the designated eligibility year.

 

*Including Overtime, Saturday, Sunday and Holiday premium payments.