Thursday, March 23, 2006

As part of the deal with the United Auto Workers, 105,000 hourly GM workers and 13,000 Delphi workers will be eligible for voluntary early retirement buyouts of between $35,000 and $140,000. What's being offered:

$140,000 for workers with 10 or more years of service. Employees keep accrued pension but lose health-care and other post-retirement benefits.

$70,000 for employees with less than 10 years of service. Similar circumstances as above.

$35,000 for workers with 30 or more years of service. Employees keep full pension and other benefits.