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General Motors Hourly-Rate Employees Pension Plan
The General Motors Hourly-Rate Employees Pension Plan is a defined benefit pension plan. The United Auto Workers and General Motors established it through an...
General Motors Hourly-Rate Employees Pension Plan
The General Motors Hourly-Rate Employees Pension Plan is a defined benefit pension plan. The United Auto Workers and General Motors established it through an agreement. It provides pension benefits to eligible hourly employees from a 1950 agreement that secured health, unemployment, and pension benefits for workers.
General information
Firm type
Pension Fund
Year founded
1950
Location
Region
North America
Country
United States
City
Detroit
Corporate office
300 Renaissance Center MC 482-C33-A-68, Detroit, MI, United States
Sector focus
Frequently asked questions
Who administers the General Motors Hourly-Rate Employees Pension Plan?
A six-member UAW-GM Board of Administration with three representatives from General Motors and three from the United Auto Workers oversees the plan.
What is the plan's allocation to private equity?
The plan reports a 0.98 percent allocation to private equity, including limited partnership interests in Summit Partners and Social Capital funds.
Does the plan hold public market positions in battery materials?
Yes. Holdings include positions in Lithium Americas Corp. and Nouveau Monde Graphite Inc. acquired to support electric vehicle supply chains.
Which institutions act as service providers to the plan?
J.P. Morgan Chase Bank serves as trustee and custodian. Performance Equity Management acts as private equity subadvisor and BlackRock manages certain real estate assets.
How is the plan connected to General Motors corporate assets?
The plan is sponsored by General Motors but holds distinct assets. Some listed holdings such as the Renaissance Center and heritage collection belong to the corporation rather than the pension plan.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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