What is the Average pension for retired UAW workers?

Answer 1

A UAW assembly worker's hourly rate is approx. $28.50 Newly hired non-core assembly workers earn approx. $14.25 per hour GET THE FACTS! ... www.JoeTheAutoworker.com ---- The corporate media are perpetuating the false perception that the average GM worker costs more than $70 an hour, once you include health and pension costs. The primary reason they spread this Propaganda is to paint the UAW workers as a bunch of highly overpaid workers. The corporate media is not your friend. They are being deceptive for a reason because they have an agenda.

The average GM assembly-line worker makes about $28.50 per hour in wages, and by no means are they being payed $44.50 an hour in health insurance and pension plan contributions. The so-called $73 per hour figure is a ridiculous number obtained by adding up GM's total labor, health, and pension costs, and then dividing by the total number of hours worked. In other words, it includes all the healthcare and retirement costs of retired workers.

The primary reason for the difference in compensation between GM autoworkers and foreign company autoworkers is largely due to 'legacy' costs, the cost of a 100-year-old company honoring it's commitment to pay its retiree an surviving spouses pensions.

The hourly wage for a newly hired non-core assembly worker is $14.25, with minimal benefits. Joe 1-5960 a Joe Autoworker

Answer 2

(Labor cost is not anything like the same as salary. Labor cost includes, for example, all payments to all ex-workers who have since retired averaged only over those currently working. Since the retirees paid into their pension this isn't really a valid measure of actual company expenses nor salary.)

The average UAW worker, average mid level not entry level, makes $28 an hour or about $58,000 a year.

Answer 3

Forty seven thousand with32 years in caterpillar

Answer 4

The later they worked, the more they get. There is no COLA on pensions. My grandfather retired in 1980, his pension was a few hundred a month. My dad retired in 2002, his is a little under $2000 a month. At least Ford pensions, once you reach social security age, they deduct your social security amount from your pension check, so you don't get more with them both.

Answer 5

52.00 a month x years of service. aprox