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NOTICE TO ALL RETIREES Recently, The United States Department of Labor issued a notice of a proposed Prohibited Transaction Exemption (PTE) that has been filed with the Department of Labor (DOL). The application for the (PTE) is a routine part of the process in migrating retiree health care benefits to the VEBA trust, which will be effective 01-01-2010.
(DOL) regulations require that the notice be sent to all beneficiaries of the UAW Chrysler Retiree Medical Benefits Plan, so a copy was mailed to all UAW retirees.
Retirees do not need to do anything in response to the mailing.
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