Welcome to the GM Retirees Association Website The General Motors Retirees Association is the nations largest advocacy organization devoted to the preservation of pension, healthcare, and other benefits earned by GM retirees through their years of labor and loyalty to GM. GMRA stands for the fair treatment of all GM retirees, including the salaried retirees not already represented by the United Auto Workers. GMRA collaborates with the National Retirees Legislative Network (NRLN).

ALERT    GMRA has been informed by several GM retirees that they have been contacted by GALLUP, a polling organization, asking GM retirees if they would accept a lump sum “pension buyout” by GM, in lieu of a monthly pension benefit.  GMRA does not know who commissioned the poll by GALLUP.

As you may or may not know, Ford Motor Company, on Friday, April 27, Ford announced that they will be offering Ford retirees a lump sum “pension buyout” versus a “monthly pension”

Ford Motor Company did not release the details of their plan.  Since there are many factors to be considered for accepting a lump sum “pension buyout”, it is impossible for GMRA to recommend any formula for acceptance or refusal of a lump sum “pension buyout”.

Any “pension buyout” is based on a retirees’ monthly pension, their age, their spouses’ age and their monthly retiree benefit.  GMRA reminds anyone considering a lump sum payment that a lump sum payment will affect their taxable income for the one to five years that the individual takes a lump sum payment.

GMRA has no knowledge that GM is planning on offering a “lump sum” pension buyout for GM retirees.