Dues are $25 annually and are mandatory. NCRO is a tax-exempt non-profit organization. The easy way to pay with PayPal or a credit card! Thank you for your continued support!
Our Keynote speaker will be Alan Amici, President and CEO of the Center for Automotive Research (CAR).
Alan joined CAR after a 35+ year career with Chrysler and TE Connectivity, holding a variety of positions in engineering, manufacturing, and service.
Highlights of his tenure at Chrysler include:
The National Chrysler Retirement Organization Mission is to: Protect pension and other benefits | Do our part …
NCRO Leadership Team Lee Iacocca In Memoriam – Lee Iacocca 1924–2019 Honorary Chairman Charles Austin Founder 40 …
National Chrysler Retirement Organization Turns 15! Founded in May 2008 with goal to preserve retiree benefits, improve …
The History of the National Chrysler Retirement Organization (NCRO) Beginning of 2008Formation of GroupRetirees Meet to Discuss …
NCRO has worked to find several “friendly” dealers in the Detroit metro area that will treat retirees well and have agreed to establish a retiree friendly process. While you are welcome to go to any dealer, we have several dealers that have designated an individual or individuals to specifically handle retirees and have developed a process they will follow with retirees.
The dealer will review your options based on your needs. The process includes an appointment, capability to help secure your certificate and claim numbers, culminating in leasing or selling you the vehicle of your choice at the EP formula price or less without hassle.
If you have any suggestions for speakers, please contact us at nchryslerro@ncro.org.
Video from all NCRO breakfast meetings and seminars available on our YouTube channel HERE:
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The easy way to pay with PayPal or a credit card! If you overpaid your dues, please submit a refund request to Treasurer@ncro.org, not through PayPal.
Thank you for your cooperation in this matter.
Michael Calabrese, Senior Policy Advisor to the National Retiree Legislative Network
…Because the cost of de-risking transactions declines as interest rates increase, observers predict that the number of partial de-risking transactions is likely to increase. We are already seeing that happen at scale. In early May, for example, the retiree associations at AT&T were informed that the company had agreed to transfer 96,000 plan participants and $7.7 billion in assets from the AT&T pension plan to two annuity providers affiliated with Athene, a subsidiary of Apollo Asset Management. Similarly, last September, IBM transferred $16 billion in pension assets to Prudential and to Metropolitan Life – and with it the responsibility to pay benefits to 100,000 retirees and beneficiaries covered by the IBM Personal Pension Plan.
A fully funded U.S. pension plan has long been a goal of the National Chrysler Retirement Organization (NCRO). This is great news, however, another trend in U.S. industry generally regarding pension plans could have a substantial impact on our pensions: “de-risking.”
Pension de-risking happens when a company sells its fully-funded pension plan(s) to an insurance company and then takes the financial obligation off their books. When a company sells the plan, the insurance company converts the retiree benefit into an annuity. While recipients don’t lose their money they do lose federal protection from the Pension Benefit Guaranty Corporation (PBGC) and the Employee Retiree Income Security Act (ERISA).
Did you know that the National Chrysler Retirement Organization (NCRO) turns 15 this year? And we launched our refreshed website – https://NCRO.org – in January. Designed with you in mind, you can find upcoming events, content and information resources with just a few clicks.
Your NCRO family is the “go-to” resource for salaried retirees. We’ve protected our pensions during bankruptcy. We continue to be your voice in Washington DC on Pension, Social Security and Medicare legislation. We’ve been the retiree connection with Chrysler/FCA/FCA US LLC’ leadership and are your source of information flow to salaried retirees about the Company. And we’ve provided members with valuable resources including over 50 seminars and webinars, over 50 in-person breakfast meetings, and 155 published informational videos.
Did you know Dare Forward 2030 is the name for the FCA US LLC’s Long-Term Strategic Plan released one year ago? Contained within this projection is potentially good news for U.S. Chrysler/FCA/FCA US LLC pension recipients: the company will spend between US$1 and $2 billion to fully fund our pension plan.
To NCRO Members, Chrysler Salaried Retirees and other interested parties: While most of the news surrounding FCA has been positive, we all know that the automotive industry is cyclical and we need to be prepared for anything that could negatively affect our pensions and benefits so; your financial support is needed to build the Contingency Action Fund (CAF). The CAF has been established to pay for legal expenses, legislative work associated with protecting retirement health …
NCRO believes that the information on this website was accurate at the time of its publication or presentation. NCRO makes no warranty of any kind regarding this information and is not liable or responsible for any losses or damages that may be sustained due to reliance on this information. This information does not in any way constitute legal or professional advice. The agencies and websites referred to below are independent of NCRO and NCRO is not responsible for any information or actions of such agencies or websites.
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