Are buyouts in the Tentative Agreement?
Yes, for traditional members who are eligible to retire at Marysville Axle, the agreement includes an IPR (Incentive Program for Retirement) of $25,000 for members who are eligible to retire by December 31, 2015 (Red book pages 374-375).
The Tentative Agreement also includes language establishing that, in the first and third year of the agreement, FCA and the union will discuss additional IPRs. IPRs may be offered in locations and to identified groups. That decision will be made after discussion between the parties, and it will take into consideration operational needs. If offered, the new language states that IPRs of a $25,000 lump sum will be offered to traditional employees eligible for retirement in these to-be-named locations or groups (Red book page 373).