Retiree Lease Program Update

NCRO Members

2018 Model Year (MY) Retiree Lease Ordering is now closed. 2019 MY ordering will open later this summer or early fall and an announcement will be sent at that time.
New activations can be ordered at any time throughout the year based on production availability. Please contact a Company Car Coordinator if you need assistance with a new activation.

  • Driver history records (to join the program as a new participant or for annual renewal) must be obtained from your local Department of Motor Vehicles. Driver history records from any third party company or on-line service will not be accepted.
  • Please submit your driver history record(s) along with a Pension Deduction Authorization/Lease Agreement Form.
    (Note: All program forms may be found under the ‘Forms’ tab on the Ordering website.)
  • The Company Car fax is available Monday thru Friday from 8:30a.m. until 4:30p.m. EST.
    Please fax during these hours to (248) 512-0571 or scan and email your documents to

If you have any questions or concerns, please contact a Company Car Coordinator at 800-481-6736 or by email at

Posted in Friendly Retiree Dealership Program | Tagged , , , | 2 Comments

Savings Plan Revisions

Savings Plan Revisions

Three Major Changes
• Add Target Date Funds (TDFs)
• Streamline Core Menu
• Reinvestment Initiative

Investing Approaches
• Target Date Funds (TDFs)
• Advice Access
• Core Investment Menu
• Self-Direct Brokerage (sdb Direct Advantage)

Take Action!
•Savings plan “whole portfolio solution” that automatically reallocates asset
classes (stocks, bonds and cash) according to a pre- determined “glide path”
through a target date (e.g. – retirement date)
•12 new TDF portfolios based on a year near the participant’s age 65
Streamline Core Menu
•No impact to sdb Direct
•25 Core Menu investment options moving to 11
•Advice Access remains

Reinvestment Initiative
•One-time initiative where participants are asked to take action on their Core
Menu investments
•No impact to sdb Direct Advantage or “frozen” Daimler stock
If no action is taken, the participant’s Core Menu investments are
mapped to the age-appropriate TDF

Savings Plan Revision
Accounts will be invested in a TDF unless you take action
•• Balances and future contributions
•• Based on expected year of retirement (age 65)
•• Includes Advice Access investments
•• Excludes sdb Direct Advantage and Daimler AG stock
Decide how you want your account invested
Deadline: March 1, 2013 – 3 p.m. (EST)
Savings Plan Revisions

Key Dates
• 1/30/13 Election Window Opens
• 1/30- 3/1/13 Election Window Open
» Current and New Menu exists
» Must decide where to invest funds
» Benefits on-line or 1-800-483-SAVE
» Participant meetings held
» Webinars available
» Resource Center available
• 3/1/13 Election Window Closes (current window

• If you take no action your account will be invested in Target Direct
Funds on your approximate year of retirement (age 65)

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Retiree Lease Program Approved!!!

As announced at the January 23rd, 2013 NCRO breakfast meeting:

Retiree Lease Program New Program Approved!!!
•Chrysler will announce later this month (February)
•Limited program
– Specific vehicles
• Minivan, Grand Cherokee, Dart, 300, Charger
– 1 vehicle per retiree
• Motors only
• No surviving spouse
• Retirees who didn’t follow rules in last program will be excluded
– 2 year lease
– Rate depends on vehicle – 1.7 or 1.9%
– Plan to open ordering 2nd or 3rd week of February
– March/April production

Posted in NCRO Open Discussion | Tagged , , , , | 7 Comments

What To Do If Your Pension Is Frozen Or You’re Offered A Lump Sum


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What About Pensions?

What About Pensions?

Several of our NCRO members have expressed concern over the future of pensions, more formally known as defined benefit pension plans. Be aware that the NCRO Board is also concerned and is taking action to defend, protect, and preserve pensions.

Chrysler salaried retirees were fortunate to have their pension assets transferred to the “new Chrysler.” This ensured that our pensions would continue to be managed and funded by Chrysler, at least for the near term. The reason our pensions were transferred to the “new Chrysler” is due in large part to the actions of the NCRO to petition the Automotive Task Force, and our preparedness in foreseeing a Chrysler bankruptcy.

This does not mean that we are resting on our laurels. We recognize that business is volatile and competitive and that our pension assets could be under jeopardy again someday. As a result we have joined forces with the NRLN, the National Retirees Legislative Network, to lobby for pension and income protection. NCRO has two of its Directors sitting on the Board of the NRLN. We influence their processes and policies to protect pensions. We work with other retiree organizations to petition Congress to write laws to protect our rights and income. Most recently American Airlines and Kodak have declared bankruptcy threatening the pensions of their retirees. NRLN went to the Judiciary Committee Staff this week to voice objection to termination of their pension plans, which would turn them over to the PBGC resulting in the possible loss of benefits for some of their retirees.

Two of NCRO’s Directors, Chris Dyrda and Stan Hurst, were in Washington on October 2nd and 3rd talking to the staffs of Senator Carl Levin and Senator Debbie Stabenow, meeting with American Airlines and Kodak people to discuss strategies, and formulating long range plans. Senators Stabenow and Levin are familiar with the NCRO and NLRN, and their staffs have advised us on things we can do to raise awareness of pension issues.

Additionally, the NRLN has formed an Income Security Committee for retirees, which includes participation by three of the NCRO Directors. This Committee will formulate strategies and position papers to take to Congress on behalf of retirees.

Pensions are under attack by creditors, corporations, and the PBGC. When companies declare bankruptcy pensions are considered unsecured claims. Creditors claim the bulk of assets in bankruptcy leaving little or nothing to help underfunded pensions. In fact, most bankruptcy courts won’t even give retirees a voice in court. Worse, most bankruptcies are litigated in New York, a district sympathetic to corporate interests. Then there is the issue of corporations using pension funds to accomplish reorganization, by offering buy-outs and lump sum payments. Lump sums payments, like those offered by GM and Ford, often underestimate what retirees are entitled to get, and leave retirees to fend for themselves in how they will invest those funds for a steady income stream. Finally, when pension plans are terminated in bankruptcy the PBGC assumes payments and assets, and resulting in reduced pension payments to many retirees, especially the early retirees.

Many companies have eliminated defined benefit pension plans. Some people think that contributory plans like 401k’s can replace pensions. We disagree. 401k plans often lack employee participation, and company matching funds. So what happens to our children and grandchildren in retirement? Most retirees are unprepared to achieve financial stability in retirement. Senator Harkin has come up with a plan for the future, the USA plan that would make pensions portable and universal, not subject to the whims of any one company. See the attached press release:

This may be an answer, but the wheels of progress in Congress turn slow. Only substantial grass root efforts can stimulate Congress to act.

We need all retirees to help. Write your legislators and express your concern. Write your newspapers and express your opinions on these matters. Respond to Capwiz action alerts when you get them from NRLN. Congress does take note of the number of responses. Contribute to the NCRO and NRLN so we can protect and advance income protection for retirees.

The Directors of the NCRO are trying to get justice for retirees, but we need everyone who is concerned, or affected, to help.

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Retiree Friendly Lease Program

Retiree Friendly Lease Program

    We have signed up nine Detroit Metro dealers that will sell vehicles to retirees using the Retiree Friendly “no hassle” process. If you are in the market for a vehicle contact one of the Retiree Friendly Dealers listed below to schedule an appointment. Please make sure that you contact the person identified for that particular dealer listed since they understand the retiree friendly dealer program. Once your appointment is completed feel free to log onto the NCRO blog at to report your experience. We use your blog comments to monitor the dealer’s follow through on their commitments. Also please remember the Chrysler Employee and Retiree Advantage Program. You have an allotment of 6 Employee Purchase (EP) (95% of invoice for the retiree and eligible family members only) and 6 Friends Program (PP) (99 % of invoice for friends and colleagues) control numbers available for use. You can get those numbers at

Also remember to use the Retiree Friendly Dealers for your service maintenance. If you do go to one of the Retiree Friendly Dealers for maintenance please let them know that you are a member of NCRO. This will let the dealers know that NCRO members are supporting them since these dealers are supporting NCRO.

The following dealers participate in this program,

Bloomfield Hills:
Golling Chrysler Dodge Jeep
Your Golling RFD Contact: Matthew Godfrey at 248.409.2310

Al Deeby Chrysler Dodge Jeep Ram
Your Hall RFD Contact: Jim White at 248.620.0800

Hall Chrysler Jeep Dodge Ram
Your Hall RFD Contact: Evan Coughlin at 810.714.3300

Highland Park:
Bill Snethkamp Chrysler Dodge Jeep Ram
Your Snethkamp RFD Contact: Jim White at 313.868.3300

Lake Orion:
Milosch’s Palace Chrysler Dodge Jeep & RAM
Your Milosch Lake Orion Contact: Jessica Story 248-724-7349

Jim Riehl’s Friendly Chrysler Dodge Jeep Ram
Your Jim Riehl Lapeer RFD Contact: Bill Hilliard 810.245.5952

Suburban Chrysler Dodge Jeep
Your Suburban RFD Contact: Diane Marshall at 248.427.7729 or

Rochester Hills:
Rochester Hills Chrysler Jeep Dodge
Your Rochester Hills RFD Contacts:Lincoln Phillip at 248.659.3278 or Jerry Dawe at 248.659.3223

Jim Riehl’s Friendly Chrysler Jeep
Your Jim Riehl Warren RFD Contact: Brandon Fikes 586.983.4325

Posted in Friendly Retiree Dealership Program | Tagged , , , | 2 Comments

Company Lease Car Plan for Retirees

Dan Podczervinski says:

There’s a new rumor going around stating that the Company Lease Car Plan
for Retirees will happen in August/12–any comments?

Posted in NCRO Benefits Express | Tagged , , | 4 Comments