DETROIT (AP) — General Motors Corp. retirees represented by the United Auto Workers would be required to pay up to $752 annually per family for health care under a tentative agreement reached this week between the world’s largest automaker and the union.
The UAW yesterday revealed details of the tentative agreement, which GM announced Monday.
Active hourly workers also will pay more for their prescription drugs and defer $1 an hour in future pay increases to help pay for retirees’ health care.
“UAW-GM active workers and retirees have long enjoyed some of the best health care coverage of any industrial workers in America, and they will continue to do so under the terms of the tentative agreement,” UAW President Ron Gettelfinger said at a press conference yesterday in Detroit.
UAW workers must ratify the agreement for it to take effect. Mr. Gettelfinger declined to say when the vote would take place, saying the UAW and GM still need to work out some details of the agreement.