UAW Retiree Medical Benefits Trust
Mission Statement
To provide the retiree population coverage that preserves core benefits and assets of the Trust.
History of the Trust

The UAW Retiree Medical Benefits Trust (the “Trust”) provides health care benefits for retired UAW members of General Motors, Ford and Chrysler, along with their eligible dependents. Currently, the Trust provides health care benefits to more than 860,000 persons.  This arrangement was made possible through a provision in the 2007 collective bargaining agreements between the UAW and the three auto companies; under which all of the retiree health care liabilities were transferred to a new independent Voluntary Employee Beneficiary Association (VEBA). The federal courts approved this agreement in a class action settlement.

Although the Trust administers the health care plans covering retirees from all three auto companies, there is a separate trust fund that pays benefits for retirees from each company. Each trust fund has tax exempt status as a VEBA under section 501(c)(9) of the Internal Revenue Code.  

The Trust is governed by an 11 person Committee of Directors. Five of the Directors are appointed by the UAW; the other six are independent of the UAW and were approved by the federal district court as part of the class action settlements.

When the Trust launched in January 2010, it became the largest non-governmental purchaser of retiree health care in the United States.

Structure, History and Funding of the Trust Video

You know the Trust provides health care benefits for retired UAW members of General Motors, Ford and Chrysler, along with their eligible dependents. But, how did we move from company-paid benefits to a Trust fund and how does the fund work? And, more importantly, what does the future look like?

This video will give you a better understanding of how the Trust fund came into existence, what purpose it serves, how it helped protect your benefits during the financial crisis of 2009 and why that crisis – as well as long-term economic realities in health care – have created funding challenges for the Trust that we all need to work together to address in the coming years.

Click to view videos – there is an overview and summary as well as a detailed history and chronology

Information contained in this video is for educational purposes and describes the events that transpired from 2007-2011 that impact UAW auto retiree health care benefits. 

Channelnet Sitebuilder