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This information is posted by DSRA Inc. for DSRA Benefits Trust (VEBA) Committee which is a separate entity and is responsible for managing your VEBA funds and responsible for the content of this post.
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DSRA Benefit Trust Relaxes Hardship Criteria
In an effort to reach out to assist more eligible retirees, the DSRA Benefit Trust Committee has modified the Hardship Award Eligibility Criteria by increasing current year gross family income limits and maximum allowable financial assets. The new criteria are described below.
You must be a Delphi salaried retiree, or surviving spouse, who was receiving retirement benefits prior to April 2, 2009 to be eligible for Hardship Award consideration.
Hardship awards will be used toward direct payment of health care insurance for eligible members and dependents. Awards are based solely on financial status; specifically, current year annual income, the prior year’s annual income, and current assets. All three criteria must be met to be eligible.
The following chart specifies Gross Family Income Limits for Hardship Award consideration.
Table 1 – Current Year Gross Family Table 2 – Prior Year Gross Family
Income Maximum Income Maximum
No. in Family Annual Income No. in Family Annual Income
1 $ 24,200 1 $ 42,000
2 $ 33,000 2 $ 50,000
3 $ 40,700 3 $ 57,000
4 $ 49,500 4 $ 65,000
Family Assets: includes all cash, and all savings, checking, investment and retirement accounts.
The Maximum Family Asset Limit for Hardship Award consideration has been increased to $25,000 for single retirees and $30,000 for families of two or more.
If you believe you might be eligible for a Hardship Award, you are encouraged to apply. Application forms are available on the www.delphisalariedretirees.org website by clicking on ‘Hardship Fund’ under DSRA Benefit Trust. Alternatively, you may request a form by mail from the following address:
Delphi Salaried Retirees Associationc/o The UPS Store10051 E. Highland Road. STE 29-268Howell, MI 48843-6317
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