The UAW Trust is a defined benefit pension plan for eligible active and retired members of the United Auto Workers (UAW). It is administered by the VEBA Trust Company and managed by a board of trustees elected by active and retired members of the UAW.
The UAW Trust OTC Benefit is an employee benefit plan that provides tax-free distributions of up to $3,000 per year to eligible employees who have been employed by the company for at least one year and have worked at least 1,000 hours during that period.
For purposes of determining eligibility for the UAW Trust OTC Benefit, time worked includes paid time off (PTO), sick leave, holidays, jury duty and military leave. The number of hours worked for purposes of determining eligibility for the UAW Trust OTC Benefit may not be less than 1,000 hours per calendar year.
The UAW Trust OTC benefit is a unique way to help you save money and increase your buying power at the same time.
It works like this: when you place an order on our website, we’ll ask you if you’d like to take advantage of our UAW trust otc program. If you say yes, we’ll give you a discount of 15% off the total cost of your purchase. You can use this discount in one lump sum or divide it up into smaller payments over time. Whatever works best for your budget! And if you have enough left over after your first order, we’ll even give you an extra 5% off each subsequent purchase—so you could end up saving 30% on everything from now on!
You can apply for the UAW Trust OTC Benefit if:
– You’ve been laid off or are about to be laid off from your job
– You’ve lost your job through no fault of your own (e.g., due to a layoff)
– You’ve been denied unemployment benefits
Participants can take advantage of this benefit by saving up to $1,000 per year in an annuity that is backed by the assets of the UAW-Ford National Programs Trust. These savings will not only be tax-deferred, but they are also guaranteed not to lose value if invested wisely. Participants can make additional contributions at any time, and as long as they maintain their membership with the UAW-Ford National Programs Trust, they will be able to continue contributing to this benefit until they reach age 55. If you are interested in learning more about how you can take advantage of this great opportunity for yourself or someone you love, contact us today! We’re here to help you find out if this benefit is right for you!
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