The Company has notified the UAW that the deposit date for the one-time $1,000 401(k) contribution for traditional members will be deposited into the member’s FCA US LLC UAW Savings account on March 6, 2020.
If the member does not have an account with Merrill Lynch, an account will be created on their behalf.
In order to be eligible for this contribution, the member must have met one of the following criteria as of January 6, 2020:
- Active with seniority.
- On temporary layoff status.
- On pre-retirement leave.
- On leave pursuant to the Family Medical Leave Act.
- On vacation, receiving paid absence allowance, receiving bereavement pay, or on jury duty.
- On leave of absence beginning not earlier than 90 days prior to January 6, 2020.
Note: Members who met the criteria above and later retired prior to March 6th are eligible for this contribution. Members who retired prior to the January 6, 2020 effective date will not be eligible.