PHILLIP A. LAMBERT JR. sent a message to Mary Barra that said:
I NEED MY FREEZES GM PENSION AS SOON POSABALE. HERE IT IS AS BEST AS I CAN SEND IT. AS Your Savings
& Retirement Status
Subsidiary of GM Hughes Electronics
Note: If you are an active employee at the next flexible
benefits open enrollment, you will receive a personalized
summary of your other benefit plans with the Company
at that time.
A personalized summary of your employee retirement and savings plans
with the Company is presented on the following pages.
The information contained in this summary will be beneficial as you plan for
your financial security. It is important that you and your family review this
summary and understand these benefits available to you through your
employment with Hughes. If you have questions, your Human Resources
Office will assist you.
C. Michael Armstrong
Chairman of the Board
and Chief Executive Officer
The Company Savings Plans help you invest in the future by supplementing your
voluntary contributions. Your savings and the Company's matching contributions are
used to purchase units/shares. The value of these units/shares changes each month
according to the market value of the investments in the funds. Plan funds are held by a
The Thrift and Savings Plan for salaried and Tucson hourly employees offers a pretax
savings plan with an aftertax option allowing salaried employees to continue
contributions when the annual IRS pretax limit is reached. For 1992 this limit is $8,728.
This amount will be adjusted by a cost of living factor early in 1993. The Company
provides a 100 matching contribution in General Motors Class H common stock of
the first 3 of employee contributions.
The Thrift and Savings Plan for California hourly employees permits tax deferred
savings. The Company provides a 75 matching contribution of the first
7 of employee contributions.
The Plans also include an option for participant loans. Participants may borrow from
$1,000 to $50,000 depending on the account balance, with up to four years to repay
the loan through payroll deductions.
Effective January 1993, Hughes introduced the SPECTRUM Investment Line, which
allows you to make Thrift and Savings Plan inquiries and transactions through a
~telephone voice response system. You will have access to your account balances
between 4 AM and 11 PM Pacific Standard Time, Monday through Saturday.
SAVINGS - FOR PLAN YEAR ENDING
NOVEMBER 30, 1992
YOUR SAVINGS/THRIFT & SAVINGS PLANS
Status as of November 30, 1992
The combined total dollar value of all units/shares in your plan accounts
UNITS/SHARES 6.657 5.201
AS OF 12-1-91
PLAN YEAR PURCHASES
- LOAN REPAYMENTS
AS OF 11-30-92 6.657 5.201
-YOU 3.804 2.972
- COMPANY 2.853 2.229
- LOAN REPAYMENTS
PHILLIP LAMBERT JR
,. Medicare Number/Numero de Meaicare
- 9DAO-M70- TQ41 ,
, Entitled tolCon derecho a
, HOSPITAL (PART A)
MEDICAL (PART B)
Coverage starts/Cobertura empleza.
\ _ Of ",,~:':_MEDICAAE (1-80D-633-4227)
I PHILLIP A LAMBERT JR â¢.
MEDICARE CLAIM NUMBER
486-7 4-891 ~-A
IS ENTITLED TO EFFECTIVE DATE
I HOSPITAL -(PART A) 09-01-2010
MEDICAL (PART B) 09~01 2010