January 2009 REMAINING CHRYSLER BENEFITS

PENSION

Benefits may include the following elements:

• Basic pension

• Contributory (if participated – most did)

• Early Benefit supplement*

• Incentive compensation benefit (some Executive roll)

LEASE CAR

Phased out - Dec. 2008

MEDICAL

• Annual spending account (for 2008 - $1,805 for retiree and $1,750 for spouse)

• Some (if retired before 1/1/96) also receive Pension Increase Credits deposited in Merrill Lynch RHCA account

• Any retiree with a dependent child may be receiving insurance coverage for medical, dental and prescription drugs and paying part of the costs (e.g. a full time college student under the age of 24)

• Many also have a Merrill Lynch Retirement Health Care Account (RHCA). This is a savings account from savings over the years by the employee and Chrysler.

OTHER

• Retirees can receive parts discounts at dealers

• Discount on new vehicle purchase price for employee, family, and friends

• Chrysler deducts voluntary long-term care elections from monthly checks

• Various voluntary Group programs (homeowner, car, legal, life – most self paid)

• Employee/retiree scholarships

• Matching education donations

• Please see the letter to C. Dyrda from the Chryler Foundation's Matching Gift to Higher Education

   



Note: Some items may not apply to individual case

* Some retired in a "Special Early Retirement Program" which generally provided: pension supplement to age 62 level retirement including regular health plans (until 65); must take SS at 62 (supplement drops); must take Medicare at 65 (purchase other medical needs from spending account)