The UAW Retirees of ACC Benefit Trust, (the "Trust") provides health care benefits
for eligible UAW retirees from ACC, along with their covered dependents. Currently,
the Trust provides health care benefits to more than 130 persons and their eligible
dependents. This arrangement was made possible through a lawsuit between the UAW
and ACC in 2010. The agreement approved by the court, between the UAW and ACC, transferred
all of the retiree health care liabilities to a new independent Voluntary Employee
Beneficiary Association (VEBA).
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 settlement agreement. 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 ACC 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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