Today, in accordance with the UAW-GM National Agreement, GM has announced a maximum profit sharing payment of $12,000 for eligible hourly workers who accrued 1,850 or more compensated hours during 2016. Eligible hourly workers who accrued less than 1,850 compensated hours will receive a pro-rated share based on the number of accrued compensated hours. Payment is scheduled to be included in active employee paychecks received on Friday, February 24, 2017. Eligible retirees (those who retired and had compensated hours in 2016) will receive their payment on Friday, March 24, 2017.
“Today’s profit sharing announcement of $12,000 rewards our members’ dedication and commitment to building some of the most popular and high-quality vehicles in the world. They deserve every penny of that collectively bargained bonus check.” UAW International Vice President Cindy Estrada