1. How are auto pensions structured:
As an auto worker, you probably have a single-employer plan, because auto workers, for the most part, don't switch companies. Although there are some multi-employer plans for UAW members, only about 6,000 workers are covered under them. If you are one of the 302,500 UAW members at the Big Three, Visteon, or Delphi, you have a negotiated defined benefit plan, with your "back-end" benefit payments based on your years of service.
Most auto industry pension plans have a board of trustees, in which labor and management are represented. This board manages the pension fund. The board is responsible for making sure that the benefits promised match up with expected investment returns of the plan.
