Highlights of the UAW-GM agreement: WAGES FOR CURRENT WORKERS - GM workers now receive about $17 an hour. They'll get a three-percent raise in the first year, followed by lump sum payments equal to three percent in the second and third years. A total of 32 cents in future cost-of-living raises will be diverted to pay for health care and other benefits.
WAGES FOR FUTURE WORKERS - New GM workers will start at 70 percent of full pay and take three years to catch up, compared with starting at 85 percent pay and taking 18 months to catch up in the current contract. New workers will get all medical benefits, including vision, dental and hearing, in eight months instead of 18 months.
HEALTH CARE - Workers will continue to receive fully paid health benefits, with no increase in copayments or deductibles.
INCOME SECURITY - Jobless workers will continue to collect full pay during most of the contract's duration. Although GM committed as much as $4 billion on income security programs over the next three years, it's only expected to spend about $2 billion because of stronger sales and new transfer rules for jobless workers.
NEW JOBS - GM agreed to hire more than 2,000 additional apprentices for skilled-trades jobs. It renewed its promise, in most cases, to replace half of all workers who quit, retire or die.
The UAW will play a bigger role in deciding whether GM buys or builds components.
PENSIONS - For retirements after 30 years of service, monthly benefits will increase from $1,800 now to $2,030 by 1996. For workers already retired, monthly checks will include an extra $1 for every year worked, and bonuses of up to $570 will be paid in 1995 and 1996.
TRANSFERS - Jobless workers can be transferred to plants up to 100 miles away from their old factories. Transfers were limited to 50 miles. In plants with large numbers of excess workers, both active and laid-off workers can volunteer for transfers to other plants, and special early retirements and buyouts will be offered.
Jobless workers can be assigned to non-production jobs, like sweeping and sorting inventory, not just to outside jobs.
FACTORIES BEING SOLD - GM agreed that workers in parts plants sold by 1996 will receive the same wages and benefits as other UAW-GM workers at least until then.
VACATION SHUTDOWN - Workers will use one week of existing vacation time during GM's two-week summer shutdown. They'll get paid for the second week instead of receiving a $600 Christmas bonus.
HOLIDAYS - On Memorial Day weekends in 1995 and 1996, workers will get an additional paid day off. BIOG: NAME:Archive ID: 555183