Can someone tell me how our pension is computed if we get laid off?
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Easy your classification has a base $$ amount per year of service. ..let's say $55...× your years of service. ...not the huge payday if don't make minimum requirements of age / years of service...10 years would be $550....as a rough example. ..and if your uaw no lifetime medical and you can't draw that early...again..62 if you left with 30 years...you'd have to wait until your true SS age date. Guessing is probably 67...lived the Chrysler dream for over 30 before I escaped that He!! ...you'll quickly become a benefits and unemployment expert before this is over
Go to your benefits!