Special Attrition Program Brief Overview
The first option workers were to see was retirement, with pension incentives of $45,000 for production employees and $62,500 for skilled trades employees.
A second option was "mutually satisfactory" retirement, available to workers at least 50 years old with at least 10 years of service.
A third option involved "pre-retirement," available to workers with 26 to 29 years of service with GM. These workers would have an opportunity to "grow into" a full 30-year retirement.
And a fourth option offers a cash buyout of $140,000 to workers with 10 years or more of service or $70,000 to those with less than 10 years.
More details about the offer will be available in coming weeks. Specifics of the program will be offered in the week of March 17.
Representatives will be available to answer
your SAP questions through the duration of the lay-off during the following
times
Monday through Friday
6:00 a.m.-2:00 p.m. (Jimmy Campbell)
(937)455-2572
8:30 a.m.-4:30 p.m. (Kym Short) (937)455-2572