UAW Retirees Health Care Plan

UAW Retirees Health Care Plan

The UAW Retirees Health Care Plan was created in 2010 via collective bargaining between the International Union, UAW and the three major Detroit automakers. It functions as a defined benefit health and welfare plan that pays retirement medical benefits to eligible participants. Funding flows from the manufacturers into dedicated accounts rather than a single pooled vehicle. The plan allocates across private equity, public equities, real estate, and credit strategies. Confirmed holdings include limited partnership interests in Cerberus Institutional Real Estate Partners V and Wellington Global Managed Risk Plus II, plus ownership of FHC Real Assets. Geographic exposure centers on the United States with additional activity through domestic credit and real asset vehicles. Separate retiree accounts for Ford, GM, and Chrysler hold the bulk of assets. The organization employs 134 professionals at its Washington, Michigan headquarters. It maintains service relationships with State Street Bank as trustee and custodian, Callan and Meketa as investment consultants, and GCM Grosvenor for alternatives. In May 2025 the plan participated as a speaker at the UAW Region 8 Retiree Conference to present trust updates. The plan operates under a VEBA structure created through union negotiations rather than a conventional corporate pension. This architecture ties investment decisions directly to benefit payment obligations negotiated with the automakers and subjects governance to fiduciary oversight by Brock Fiduciary Services.