In 2007, all three automakers created a Voluntary Employee Beneficial Association and eliminated the defined benefit plan pension for new hires. A VEBA is an independent trust that is financed by the ...

The Employee Benefit Services segment provides employee benefit trust services, collective investment funds, fund administration, transfer agency, retirement plan and VEBA/HRA, and health savings ...

Record 2024 revenue with growth of 3% with organic growth of 12% Continued robust organic growth of 23% in AMS/DRS and 9% in CVMStrong 2024 cash generation with cash from operations of $426M and free ...

Sept. 30 auto liquidity was $40.2 billion. GM fulfilled its UAW VEBA funding obligations in 2010, but for the 2028 contract talks, the UAW wants to undo the VEBA and resume getting retiree ...

A VEBA is an independent trust that is financed by the companies and the union to fund retiree health care. The company thought transferring retirees’ health care to the union-operated trust ...

GM can charge thousands of dollars more per vehicle in light-truck segments. Higher prices with fewer incentive dollars allow GM to get more margin per vehicle, which helps mitigate a severe decline ...

Employees retiring with more than 20 years of service will receive $9,000 added to their VEBA medical savings account. Employees with 10 to 20 years of service would receive a $6,000 VEBA ...

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