The UAW Retirees of the Dana Corporation Health and Welfare Trust, (the “Trust”) provides health care benefits for retired eligible UAW retirees from Dana Corporation, along with their eligible dependents. Currently, the Trust provides health care benefits to more than 3,500 retirees plus dependents. This arrangement was made possible through a bankruptcy settlement in 2008. The agreement approved by the court, between the UAW and Dana transferred all of the retiree health care liabilities to the new independent Voluntary Employee Beneficiary Association (VEBA). The UAW aggressively bargained with Dana Corporation to achieve the greatest level of protection for its active and retired members.

The Trust administers the health care plans covering retirees and has tax exempt status as a VEBA under section 501(c)(9) of the Internal Revenue Code.

The Trust is governed by a 7 person Committee. Three members are appointed by the UAW; the other four are independent of the UAW and were approved by the federal district court as part of the bankruptcy settlement. The responsibilities of the Committee are considerable including determining the types of coverage and levels of benefits the Trust will provide now and into the future.

The Committee recognizes that your retiree benefits provide important protection for you and your dependents. Accordingly, the Committee seeks to make available to eligible UAW retirees comprehensive and cost effective retiree benefit programs with the funds that it manages. From time to time, the Committee may change the programs that it makes available and reserves the right to do so and to terminate such programs as it determines in its sole discretion.

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