So you're an auto worker?  Whether you’re a long-time union member or a new hire coming in at a lower wage scale, it's almost certain that the automotive unions will play a large role in negotiating and administering your pension plan. And no one has to tell you that pension benefits up and down the line may be in trouble. Pension outcomes affect you and your family. What you need now, to plan and protect yourself, is practical information about your benefits -- what’s happening in the ongoing restructurings and, most important, how it all is going to impact your financial future.

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On December 3, UAW leaders and Ford officials met to sign the new four-year contract incorporating the automaker’s VEBA agreement. Under the terms of the VEBA, the UAW will be responsible for a $61.9 billion trust fund set up to provide health care benefits to over 600,000 retired auto workers and dependents. The deal, ratified by union members on November 14, is expected to help Ford’s cash flow to the tune of $1 billion a year while reducing the automaker’s health care costs by roughly $2 billion.

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"The health care needs of workers, including retirees, need to be dealt with in some desirable, rational manner. I'm sure the UAW will be moving the country's political climate behind universal health care"

-- Labor Attorney Jane Lauer Barker, December 4, 2007

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1. How are auto pensions structured?
2. Is your pension up to specs?
3. Does your pension have enough gas?
4. Where do I go to find out about my pension?
5. Contact info for auto companies