Professional-Administrative, Management and Executive Employees

Pension Plan

Chrysler LLC

Summary Plan Description (SPD) September 2008

(This Page Intentionally Left Blank)

Pension Plan

SUMMARY PLAN DESCRIPTION (SPD) September 2008

(This Page Intentionally Left Blank.)

Pension Plan Contents Page The Chrysler LLC Pension Plan ........................................................................ 1 About This Booklet ...........................................................................................................................2 Benefit Express................................................................................................... 3 Accessing Your Benefits Resources™ ............................................................................................3 Pension Estimates ...........................................................................................................................3 Eligibility and Participation ................................................................................ 4 Basic Pension Benefit ........................................................................................ 4 Basic Pension Rate..........................................................................................................................4 Basic Pension Payment Options....................................................................... 5 Life Annuity Option...........................................................................................................................5 10-Year Certain Option ....................................................................................................................5 Normal Retirement.............................................................................................. 6 Eligibility ...........................................................................................................................................6 Basic Pension ..................................................................................................................................6 If You Retire After Age 65 ................................................................................................................6 Early Retirement – Between Age 62 and 65 ..................................................... 6 Eligibility ...........................................................................................................................................6 Basic Pension ..................................................................................................................................6 Early Retirement – Between Age 55 and 62 ..................................................... 7 Eligibility ...........................................................................................................................................7 Basic Pension ..................................................................................................................................7 Benefit Recalculated at age 62 and One Month ..............................................................................8 Early Retirement or Interim Supplement ..........................................................................................8 Early Retirement – Before Age 55 ..................................................................... 8 Eligibility ...........................................................................................................................................8 Basic Pension ..................................................................................................................................8 Benefit Recalculated at age 62 and One Month ..............................................................................9 Early Retirement Supplement ..........................................................................................................9 Special Early Retirement.................................................................................... 9 Eligibility ...........................................................................................................................................9 Special Early Retirement After Layoff ............................................................................................10 Offer of Employment from Purchaser ............................................................................................10 Basic Pension ................................................................................................................................10 Temporary Pension........................................................................................................................10 Early Retirement Supplement ........................................................................................................10 Payment of Temporary Pension and/or Early Retirement Supplement .........................................10 Permanent Total Disability (PTD) Retirement ................................................ 11 Eligibility .........................................................................................................................................11 Basic Pension ................................................................................................................................11 Temporary Pension........................................................................................................................11 Early Retirement Supplement ........................................................................................................11 Payment of your PTD Pension.......................................................................................................11 Monthly Pension Supplements and Temporary Pension ............................. 12 Early Retirement Supplement ........................................................................................................12 Interim Supplement ........................................................................................................................13 Temporary Pension........................................................................................................................13 Maximum Benefit ...........................................................................................................................14 Survivor Benefits .............................................................................................. 14

If You Die Before Benefit Payments Begin ....................................................................................14 If You Die After Benefit Payments Begin .......................................................................................15 Deferred Pension .............................................................................................. 19 Eligibility .........................................................................................................................................19 How a Deferred Pension is Calculated ..........................................................................................19 Survivor Benefits ............................................................................................................................20 If You Return to Work at Chrysler LLC...........................................................................................20 About Your Service........................................................................................... 20 Vesting Service ..............................................................................................................................20 Credited Service.............................................................................................................................21 When You Retire ............................................................................................... 24 Where and How To Apply for a Pension........................................................................................24 Tools Available During Retirement Through Your Benefits Resources™......................................24 Applying for Your Deferred Pension...............................................................................................24 How Your Pension is Paid..............................................................................................................24 When Your Pension Begins ...........................................................................................................25 How Long Your Pension Is Paid ....................................................................................................25 Estimates .......................................................................................................................................25 If You Are in the Chrysler LLC Salaried Employees' Retirement Plan (SERP)..............................25 Documents Required When You Begin the Retirement Process...................................................25 Taxes on Your Benefits..................................................................................................................26 If Your Address Changes ...............................................................................................................26 If You Receive Workers' Compensation Benefits ..........................................................................26 Reviewing Your Application ...........................................................................................................26 Appeal Procedure ............................................................................................. 26 More Information on the Permanent Total Disability (PTD) Retirement Process and Appeal Procedures.........................................................................................................................27 Other Information.............................................................................................. 28 Authority of Plan Administrator.......................................................................................................28 No Implied Promises ......................................................................................................................29 Non-Assignment/Non-Alienation ....................................................................................................29 Conflicts/Revisions.........................................................................................................................29 Plan Expenses ...............................................................................................................................29 Guardian ........................................................................................................................................29 Federal Law ...................................................................................................................................29 Employee Retirement Income Security Act....................................................................................30

Plan Amendments and Termination................................................................ 30 If the Plan Is Terminated ................................................................................................................30 Mergers, Consolidations, or Transfers ...........................................................................................30 Pension Benefit Guaranty Corporation ..........................................................................................30 Your Rights Under ERISA ................................................................................ 31 Employee Benefits Security Administration (EBSA) Field Offices .................................................33 Administrative Information .............................................................................. 34

(This Page Intentionally Left Blank)

1

The Chrysler LLC Pension Plan

When you retire you may receive retirement income from the following sources: • The Chrysler LLC Pension Plan (the “Pension Plan” or the “Plan”), • The Chrysler LLC Salaried Employeesʼ Retirement Plan (SERP) or the Chrysler LLC

Executive Salaried Employeesʼ Retirement Plan (ESERP), • The Social Security Administration. The Chrysler LLC Pension Plan is a non-contributory retirement plan. It provides benefits based on age and length of service. Your pension benefits are paid from a trust fund created in accordance with the Pension Plan. Contributions to the trust fund are actuarially determined and made by Chrysler LLC, formerly the DaimlerChrysler Corporation and its subsidiaries (“the Company”). The Chrysler LLC Pension Plan was originally put into effect in 1950. Since then, benefits have been increased periodically. The Chrysler LLC Employee Benefits Committee reviews the retirement program annually to determine the appropriateness of additional benefit rate improvements or Plan changes. The pension amounts shown in this SPD are applicable to eligible employees who are currently employed by Chrysler LLC and whose retirement benefits commence on or after February 1, 2008. The SERP (available only to those employees hired or rehired prior to January 1, 2004) is a retirement plan to which you may contribute through payroll deductions if you are an eligible Professional-Administrative or Management employee of Chrysler LLC Grade Band 93 or below. If you are an eligible executive employee Grade Band 94 or above, you may participate in the executive version of this plan, called the ESERP. In addition to monthly retirement benefits, these plans also provide death benefit coverage before retirement. A detailed explanation of each plan is contained in their respective plan booklets. The Social Security Administration, an agency of the federal government, provides retirement benefits for you and for your spouse, disability benefits for those who qualify, and benefits for your dependent children in the event of your death. You may apply for reduced retirement benefits as early as age 62. Both you and the Company contribute through payroll taxes toward the cost of these benefits. Detailed information on Social Security benefits may be obtained from your local Social Security Office or from the Social Security Administrationʼs website at www.ssa.gov. The Chrysler LLC Pension Plan is available to salaried eligible employees who were hired or rehired before January 1, 2004. Anyone hired or rehired on or after January 1, 2004 cannot participate in this Plan, but may be eligible to participate in the Chrysler LLC Employee Managed Retirement Plan.

2

About This Booklet This Summary Plan Description (SPD) summarizes the Pension Plan and covers the highlights of the Plan details of greatest interest to you. Make sure to read carefully the sections explaining the basic pension rates and the type of retirement that would apply to you. While this booklet provides most of the information you need to know about the Chrysler LLC Pension Plan, it is only a summary of Plan provisions. The Chrysler LLC Pension Plan is governed by its Plan document and trust agreement. If there is a conflict between this summary and the Plan document and trust agreement, the Plan document and trust agreement will govern. Nothing in the provisions of the Pension Plan or this summary gives any employee the right to be retained in the employ of the Company. All employees shall remain subject to discharge or layoff to the same extent as if the Pension Plan had never gone into effect. Note: The Plan provisions described in this booklet apply to active Plan participants, inactive Plan participants and retired employees who participated in and receive a benefit from this Plan. With respect to retired employees, however, the Plan provisions in effect at the time of retirement shall govern.

3

Benefit Express

Chrysler LLC Benefit Express (Benefit Express), a business unit of Hewitt Associates, administers the benefits under this Pension Plan. This means that Benefit Express maintains your credited service records, determines eligibility for benefits, provides estimates of benefits prior to retirement and processes your retirement benefits for payment. Benefit Express administers the Pension Plan through the Your Benefits Resources™ (YBR) website and the Benefit Express Participant Service Center (the Service Center). You can call the Service Center toll-free or visit the website to obtain information about your benefits under the Plan. • Participant Service Center:

Active and Inactive Participants: 1-888-456-7800 Retirees: 1-888-409-3300

• Benefit Express Web Site: http://resources.hewitt.com/chrysler See “Tools Available During Retirement Through Your Benefits Resources™” on page 24 for information on how YBR can help you manage your personal information and pension payments once you retire. Accessing Your Benefits Resources™ You are required to provide a user ID and password to log on to the YBR website. When you access the site for the first time, you will be asked to provide the last four digits of your Social Security number and your date of birth for identification purposes and then create a user ID and password. You will also answer five security questions to help you if you ever forget your password. In that event, you will be asked to answer three of the five questions correctly and then prompted to create a new password. You may also add an email address to your record if you wish. Your password is required to access the Service Center. If you are unable to supply your password, it will be reset and mailed to you at your address of record. You also have the option to request that your password be emailed to you in this situation. Pension Estimates You may obtain an estimate of your pension benefits through the e-Pension estimator available on the Benefit Express YBR website. Once you have logged onto YBR, select the Pension menu. Then select “Project your Retirement Income.” The default estimate calculates your benefit as if you retired at age 62 and one month. You may enter a different age to obtain additional estimates, provided you meet the eligibility requirements for retirement at that different age, as described in this SPD. You may print estimates to keep for your files, and you may save up to three estimates on the website. If you are unable to run an on-line estimate you may call the Service Center and request an estimate through the Customer Service Representative. This estimate will be mailed to your address of record. Note: Any pension estimates that you receive are only estimates. Your actual retirement pension benefit will be based on your actual years of service and applicable pension rate at the time of your retirement or termination of employment.

4

Eligibility and Participation

You are eligible to participate in the Chrysler LLC Pension Plan if you were hired or rehired by Chrysler LLC, or a predecessor company, before January 1, 2004 and are a Professional-Administrative, Management and Executive employee of Chrysler LLC and are not represented by a bargaining unit. You are not eligible to participate in this Plan if you are a(n): • Retiree of Chrysler LLC • Officer or Director of Chrysler LLC • Employed by a division or organizational unit to which the Plan has not been

extended • Employee of one of Chrysler LLCʼs foreign branches and were not a Plan participant

before you transferred to the foreign branch • Employee of an affiliated business unit that operates outside of the U.S. and are on

temporary assignment with Chrysler LLC in the U.S. • Member of the supplemental work force, as defined by the Plan, or • If you were hired or rehired by Chrysler LLC on or after January 1, 2004. Members of the supplemental work force are workers who are generally not on Chryslerʼs salaried employment roll but who have been engaged to perform services for the Company and receive payment either directly from Chrysler or from an outside supplier. Generally, members of the supplemental work force include contract workers, leased employees, independent contractors, agents, and consultants.

Basic Pension Benefit

Provided you are eligible, the Pension Plan provides a monthly pension benefit once you retire. The amount of your monthly benefit depends on a number of factors, including when you begin to receive benefits, the benefit payment option you elect, and whether you are eligible for any pension supplements. In all cases, however, your benefit amount is based on your monthly basic pension benefit. Your monthly basic pension benefit is equal to the basic pension rate in effect when you commence benefits, multiplied by your years of credited service at retirement, as shown below.

Basic Pension Rate x Years of Credited

Service = Monthly Basic Pension Benefit

See “About Your Service” beginning on page 20 for information about credited service. Basic Pension Rate The following table shows the basic pension rate payable to retirees whose benefits commence on or after February 1, 2008.

Benefit Commencement Date Basic Pension Rate

February 1, 2008 and after $ 53.65

5

Basic Pension Payment Options

When you retire, you can elect either of the following basic pension payment options: • Life Annuity option: A monthly basic pension for your lifetime with no minimum

guaranteed number of monthly payments, or • 10-Year Certain option: A monthly basic pension for your lifetime with 120

guaranteed monthly payments. Your basic pension benefit at retirement is calculated as a life annuity, which pays a monthly benefit for your lifetime. If you choose the 10-Year Certain payment option (or if you elect survivor benefits, discussed on page 14), your pension will be reduced to account for the 10-year guaranty of payments or the fact that your benefit will likely be paid over a longer period of time. Life Annuity Option If you elect the Life Annuity option, your monthly basic pension payments will end upon your death, unless you elect Surviving Spouse coverage. When you elect a Surviving Spouse or Contingent Annuitant option, your monthly basic pension payments will be reduced. See “Survivor Benefits” beginning on page 14 for more information. 10-Year Certain Option If you elect the 10-Year Certain option and do not live to receive all 120 guaranteed monthly payments, the balance of your guaranteed unpaid monthly basic pension payments will be paid to: • Your surviving spouse, if you are married and elect a Surviving Spouse option, or • Your named beneficiary(ies) if you are not married or revoke Surviving Spouse

coverage. If you elect the 10-Year Certain option, your monthly basic pension payments are actuarially reduced, as shown in the following chart, to account for the fact that there are a guaranteed number of payments.

Retirement Age Percentage of Basic Pension Payable as a Life Annuity

(With No Guarantee) 55 0.9707 60 0.9474 65 0.9069 70 0.8436

If your age is between the ages shown in the chart above, the percentage will be adjusted accordingly. Note: The 10-Year Certain option is only applicable to the basic pension payment—not to supplements or temporary pensions, discussed beginning on page 12.

6

Normal Retirement

Eligibility You can retire at or after age 65 if you have one or more years of credited service. Your "Normal" retirement date is the first day of the month after you reach age 65. If you are willing and able, you may continue to work after age 65. However, if you have been a bonafide executive (Chrysler LLC Grade Band 96 or above) for at least two years when you reach age 65 and are eligible to receive a combined annual pension benefit from Chrysler LLC of at least $44,000 (or such other amount as may be provided by the Age Discrimination in Employment Act), you will be required to retire at the end of the month in which you reach age 65. Basic Pension Your monthly benefit at normal retirement is your monthly basic pension benefit (basic pension rate multiplied by your years of credited service). If you elect a Surviving Spouse or Contingent Annuitant option, your monthly basic pension benefit will be reduced accordingly. See “Survivor Benefits,” beginning on page 14, for more information. If You Retire After Age 65 If you continue to work beyond age 65, your monthly retirement benefit will become payable when you actually retire. You will continue to earn credited service as long as you continue to work for the Company. If you continue working after age 70 ½, your benefits will be actuarially increased from the end of the year in which you turn age 70 ½ to reflect your later commencement date. All offset benefits, including the Social Security offset benefit, are based on the increased benefits payable at retirement.

Early Retirement – Between Age 62 and 65

Eligibility If you wish, you can retire before your normal retirement age if you are at least age 62 and have 10 or more years of credited service. Basic Pension If you are eligible for early retirement on or after age 62, your monthly benefit at retirement is your monthly basic pension benefit (basic pension rate multiplied by your years of credited service). If you elect a Surviving Spouse or Contingent Annuitant option, your monthly basic pension benefit will be reduced accordingly. See “Survivor Benefits,” beginning on page 14, for more information.

7

Early Retirement – Between Age 55 and 62

Eligibility You can retire at or after age 55, but before age 62 if you meet either of the following conditions: • Your age and credited service total 85 points or more • You have 10 or more years of credited service. The following chart shows how many years of credited service you must have for your age and service to total 85.

If You Are This Age You Must Have This Much Credited Service 55 30 years 56 29 years 57 28 years 58 27 years 59 26 years 60 25 years 61 24 years

Age and credited service are counted to the nearest month. For example, if you are 55 years and 3 months old and have 29 years and 9 months of credited service, the combination of both would equal 85. Basic Pension If you are eligible for early retirement on or after age 55 but before age 62, your benefit is actuarially reduced for each year that you retire prior to normal retirement. Your benefit at early retirement is your monthly basic pension benefit (basic pension rate multiplied by your years of credited service), multiplied by the applicable early retirement reduction factor indicated in the following table:

Retirement Age Percentage of Basic Pension Payable as a Life Annuity

(With No Guarantee) 62 100.0% 61 93.3% 60 86.7% 59 80.8% 58 75.2% 57 69.4% 56 63.5% 55 57.9%

If your age is between those shown in the chart, the percentage will be adjusted accordingly. If you elect a Surviving Spouse or Contingent Annuitant option, your monthly basic pension benefit will be reduced accordingly. See “Survivor Benefits,” beginning on page 14, for more information.

8

Benefit Recalculated at age 62 and One Month Once you reach age 62 and one month, you are entitled to receive an unreduced pension benefit as long as you have at least 30 years of credited service or your age plus years of credited service equals 85 or more. In this case, your monthly basic pension payable after age 62 and one month will be recalculated without any early retirement reduction. If you retire with at least 10 years of credited service but with less than 85 points, you will continue to receive a reduced monthly pension benefit. Early Retirement or Interim Supplement The Pension Plan provides monthly pension supplements for eligible retirees before they reach age 62 to help supplement their retirement income until they are eligible to receive Social Security benefits. If you have 30 or more years of credited service when you retire, you may be eligible to receive an early retirement supplement in addition to the monthly basic pension benefit. If you have less than 30 years of credited service at retirement, you may be eligible to receive an interim supplement in addition to the monthly basic pension benefit. For more information on each of these supplements, including the total monthly benefit amount for early retirement and the interim supplement rates, see "Monthly Pension Supplements and Temporary Pension" beginning on page 12. Your supplement is payable to you until you reach age 62 and one month. If you become eligible for unreduced Social Security disability benefits before that time, your supplement may be reduced or suspended.

Early Retirement – Before Age 55

Eligibility You can retire before age 55 if you have 30 or more years of credited service. Basic Pension If you are eligible for early retirement before age 55, your benefit is actuarially reduced for each year that you retire prior to normal retirement age. Your benefit at early retirement is your monthly basic pension benefit (basic pension rate multiplied by your years of credited service), multiplied by the applicable early retirement reduction factor indicated in the following table:

Retirement Age Percentage of Basic Pension Payable as a Life Annuity

(With No Guarantee) 54 53.2% 53 48.9% 52 45.0% 51 41.5% 50 38.3% 49 35.4% 48 32.8% 47 30.4%

9

If your age is between those shown in the chart, the percentage will be adjusted accordingly. If you elect a Surviving Spouse or Contingent Annuitant option, your monthly basic pension benefit will be reduced accordingly. See “Survivor Benefits,” beginning on page 14, for more information. Benefit Recalculated at age 62 and One Month Your monthly basic pension payable after age 62 and one month will be recalculated without any reduction due to early retirement. Early Retirement Supplement The Pension Plan provides monthly pension supplements for eligible retirees before they reach age 62 to help supplement their retirement income until they are eligible to receive Social Security benefits. If you have at least 30 years of credited service at retirement, you may be eligible to receive an early retirement supplement in addition to your monthly basic pension benefit. For more information on the early retirement supplement, including the total monthly benefit amount for early retirement, see "Monthly Pension Supplements and Temporary Pension" beginning on page 12. Your supplement is payable to you until you reach age 62 and one month. If you become eligible for unreduced Social Security disability benefits before that time, your supplement may be reduced or suspended. Special Early Retirement

Eligibility You may be eligible for Special Early Retirement if you: • Are an employee between the ages of 55 and 62, • Have 10 or more years of credited service as of your last day of work, and • Meet one or more of the objective standards listed next. Objective Standards You meet objective standards for Special Early Retirement if you are: • Impacted by a permanent plant shutdown, and Chrysler LLC has no reasonable

expectation that suitable work will be available for you in the foreseeable future, • Separated by a layoff, which appears to be permanent, and Chrysler LLC has no

reasonable expectation that suitable work will be available for you in the foreseeable future,

• Determined unable, physically or mentally, to perform your work in a satisfactory manner due to a permanent partial disability that results in (1) excessive absenteeism, (2) decreased productivity, and (3) frequent use of disability benefits, as determined solely by Chrysler LLC,

• Unable to work due to an extended period of disability, and it appears the disability will be continuous until your normal retirement, as determined solely by Chrysler LLC, or

• Able to work but, by working, you could jeopardize your health or the health of other employees, as determined solely by Chrysler LLC.

10

Special Early Retirement After Layoff If you are laid off between the ages of 50 and 55 and you have at least 10 years of credited service as of your last day of work, you may apply for Special Early Retirement to begin at age 55, provided you are laid off due to a plant closing or discontinuance of operations or are otherwise permanently laid off and you do not refuse a job interview or offer of suitable work with the Company. If you are laid off after attaining age 55, but before age 62 and meet the conditions described under “Objective Standards,” you may apply for Special Early Retirement provided you make such an application immediately in lieu of layoff benefits. Offer of Employment from Purchaser If you are laid off or otherwise end employment with the Company due to a plant shutdown or closing resulting from the sale of the plant or location, you will NOT be eligible for Special Early Retirement if you receive an offer of employment from the purchaser within 90 days of the effective date of the sale. Basic Pension If you are eligible for Special Early Retirement, your benefit is your monthly basic pension benefit (basic pension rate multiplied by your years of credited service). If you elect a Surviving Spouse or Contingent Annuitant option, your monthly basic pension benefit will be reduced accordingly. See “Survivor Benefits,” beginning on page 14, for more information. Temporary Pension If you are eligible for Special Early Retirement, you may also be eligible to receive a monthly temporary pension. See page 13, under “Temporary Pension,” for more information on how the Temporary Pension works. Early Retirement Supplement You may be eligible to receive an early retirement supplement if you have 30 or more years of credited service and your basic and temporary benefits do NOT equal your total monthly maximum benefit. See “Monthly Pension Supplements and Temporary Pension,” beginning on page 12, for details on pension supplements. Payment of Temporary Pension and/or Early Retirement Supplement If you are eligible to receive a Temporary Pension and/or Early Retirement Supplement, it is payable to you until you reach age 62 and one month. If you become eligible for unreduced Social Security disability benefits before age 62 and one month, however, these benefits may be reduced or suspended.

11

Permanent Total Disability (PTD) Retirement

Eligibility You will be eligible for a pension benefit from the Plan if you meet all of the following conditions. To qualify you must: • Be an employee of the Company at the time you apply for a PTD retirement benefit, • Be under age 65, • Have at least 10 years of credited service, • Be medically determined to be permanently and totally disabled as defined below, and • Have been totally disabled for at least five consecutive months prior to the effective

date of PTD retirement indicated on your pension application. (The five-month waiting period will be waived for terminally ill employees.)

As decided by the Employee Benefits Committee, you are considered permanently and totally disabled if your disability is the result of bodily injury or disease, you are unable to engage in any regular employment or occupation for pay or profit as a result of your disability, and the disability is expected to continue for the rest of your life. You are ineligible for PTD retirement benefits under the Plan as of the date your employment with the Company ends due to retirement, resignation/termination, or discharge. Basic Pension If you are eligible for PTD Retirement, your benefit is your monthly basic pension benefit (basic pension rate multiplied by your years of credited service). If you elect a Surviving Spouse or the 75% Contingent Annuitant option, your monthly basic pension benefit will be reduced accordingly. The 50% and 100% Contingent Annuitant options are not available forms of payment for PTD Retirement benefits. See “Survivor Benefits,” beginning on page 14, for more information. Temporary Pension If you are eligible for PTD Retirement under the Pension Plan, and you have been denied Social Security disability benefits, you may also be eligible to receive a monthly temporary pension. See page 13, under “Temporary Pension,” for more information on how the Temporary Pension works. Note: If you have been denied Social Security disability benefits and wish to receive Temporary Pension benefits, you must provide a copy of the denial letter (which must be dated within 12 months of your retirement date) to Benefit Express. Early Retirement Supplement You may be eligible to receive an early retirement supplement if you have 30 or more years of credited service and your basic and temporary benefits do NOT equal your total monthly maximum benefit. See “Monthly Pension Supplements and Temporary Pension,” beginning on page 12, for details on pension supplements. Payment of your PTD Pension Your pension benefits CANNOT begin until you have been totally disabled for at least five consecutive months and have filed an application. For more information on PTD claims and appeals procedures, see page 27.

12

In addition, pension benefits will NOT be paid for any month in which you receive Disability Absence Plan (DAP) benefits. You may waive DAP benefits any time after the first five months of total disability if you wish to receive pension benefits instead. You may still receive your pension benefits after your DAP benefits have expired. However, any Long-Term Disability (LTD) benefits you are eligible to receive will be reduced by the amount of any pension benefits for which you may be eligible under the Plan. If your LTD benefits are greater than your monthly PTD pension benefits, the effective date of your PTD retirement may be delayed to the first day of the third month following the date the Corporate Pension Office receives medical verification that you are permanently and totally disabled. In such an event, your full LTD benefits will continue to be paid to you. If you have retired on a PTD prior to age 65, you cannot be regularly employed for pay or profit, except for purposes of rehabilitation. You may be required to have a disability examination after you retire. Your temporary pension and any early retirement supplements are payable to you until you reach age 62 and one month. Such benefits may be reduced or suspended prior to your attaining age 62 and one month if you are eligible for unreduced Social Security disability benefits.

Monthly Pension Supplements and Temporary Pension

Supplements consist of either an early retirement supplement for eligible retirees with 30 or more years of credited service or an interim supplement for eligible retirees with less than 30 or more years of credited service. You do not need to be actively employed at retirement to be eligible for a supplement. However, you must retire and begin receiving pension benefits within five years of your last day of work for the Company in order to receive any supplements for which you are eligible. Early Retirement Supplement If you are eligible for Early Retirement or PTD Retirement and you have 30 or more years of credited service you may receive an early retirement supplement. This supplement is payable to you until you reach age 62 and one month. The Early Retirement Supplement is designed to ensure that, when you retire before age 62, you have a minimum pension benefit amount until you become eligible for an unreduced benefit under the Plan. The amount of your supplement is the difference between the total monthly benefit amount shown in the table below and your basic pension benefit (plus any temporary pension that may apply).

Benefit Commencement Date Total Monthly Benefit February 1, 2008 and after $3,140.00

Special Rules Regarding your Early Retirement Supplement The amount of your Basic Pension used to calculate your Early Retirement Supplement will be the amount after any early retirement reduction that may apply, but before any reduction for a Surviving Spouse or Contingent Annuitant option, described beginning on pages 15 and 17 respectively.

13

If you choose to retire early and are eligible for unreduced Social Security disability benefits, your Early Retirement Supplement will be reduced as shown here:

Benefit Commencement Date

Monthly Supplement Rate

Monthly Supplement Maximum

February 1, 2008 and after $ 50.80 $1,524.00

Interim Supplement You are eligible to receive an interim supplement if: • You are eligible and choose to retire between ages 55 and 62, and • You have less than 30 years of credited service. The interim supplement is payable until you reach age 62 and one month or until you become eligible for unreduced Social Security disability benefits if earlier. The amount of your Interim Supplement will equal your years of credited service multiplied by the rate in the following chart that applies to the year in which you commence benefits. These rates are effective for retirements on and after February 1, 2008.

Retirement Age Interim Supplement Rate

Per Year of Credited Service 55 $ 22.35 56 $ 26.35 57 $ 31.90 58 $ 37.35 59 $ 41.65

60 and 61 $ 48.25 If your age at retirement is between those shown on the chart, the interim supplement rate will be adjusted accordingly. Temporary Pension If you retire on a Special Early Retirement or PTD Retirement before age 62 you may be eligible to receive a monthly Temporary Pension equal to your years of credited service (up to a maximum of 30 years) multiplied by the rate shown in the table below:

Benefit Commencement Date

Temporary Pension Rate

Monthly Temporary Pension Maximum

February 1, 2008 and after $ 50.80 $1,524.00

In this situation, the Temporary Pension is payable until you reach age 62 and one month or, if earlier, you become eligible for unreduced Social Security disability benefits. Additionally, if you retire on a PTD Retirement, the Temporary Pension will not be paid unless the Social Security Administration has denied you Social Security disability benefits. In this case, you must provide a copy of the denial letter (which must be dated within 12 months of your retirement date) to Benefit Express.

14

Maximum Benefit With respect to any benefit payments you received prior to October 1, 1984, the amount of your total monthly benefit, including any supplement you receive up to age 62 and one month, may not exceed 70% of your monthly straight-time pay. Your total monthly benefit will be reduced, if necessary, so that it does not exceed 70% of your monthly straight-time pay. Your monthly straight-time pay is calculated by multiplying your highest straight-time hourly rate during 13 weeks prior to your last day worked by 173.333 hours. Survivor Benefits

The Pension Plan provides benefits for your surviving spouse or, in some cases, other designated beneficiaries in the event of your death. If you die before benefit payments begin, your spouse may be eligible to receive a: • Pre-retirement surviving spouse benefit, or • Widow(s)/Widower(s) pension benefit. If you die once you have begun to receive benefit payments, your spouse will be eligible to receive benefits if you elected either a: • Surviving Spouse benefit option, or • Contingent Annuitant benefit payment option and you elected your spouse as your

contingent annuitant. If You Die Before Benefit Payments Begin If you die before benefit payments begin and you have been married at least one year at the time of your death, your spouse will be eligible to receive a benefit from the plan if you are vested. The amount and type of benefit your spouse will receive depends on your employment status, age and eligibility for early retirement at the time of your death. Pre-Retirement Surviving Spouse Option Your spouse is eligible for a pre-retirement surviving spouse benefit if, when you die: • You have been married for at least one year • You are vested (have earned at least five years of vesting service, as discussed on

page 20) • But you are not yet eligible for retirement under the Pension Plan. This benefit is automatically provided after you have been married for one year and continues until you become eligible to retire. How Benefits are Calculated Your spouse will receive a monthly benefit equal to 50% of your unreduced basic pension benefit based on the basic pension rate in effect at the time of your death or your termination of employment with Chrysler LLC—whichever is earlier. Payments will begin on the first day following the month you would have reached age 65. Your surviving spouse may also elect to receive a reduced benefit beginning on the earliest date you could have received a deferred pension benefit had you survived. Widow(s)/Widower(s) Pension Benefit Your spouse is eligible for a widow(s)/widower(s) benefit if, when you die, you: • Have been married for at least one year • Are actively employed with Chrysler LLC • Are eligible for early retirement under the Pension Plan (see pages 6 through 10 for

15

early retirement eligibility rules). How Benefits are Calculated Your surviving spouseʼs benefit is equal to 65% of the basic pension benefit you would have been eligible to receive at age 62 and one month—reduced to reflect the surviving spouse adjustment factor. The benefit amount is based on the basic pension rate in effect at the time of your death and is calculated as if you had voluntarily retired on the date of your death and had elected a Surviving Spouse option. If You Die After Benefit Payments Begin If you die after having started receiving retirement benefits, your spouse or beneficiary may be eligible for a portion of your benefit, depending on the survivor benefit option you elected when you began receiving your benefit. To provide this benefit for your spouse, you agree to take a slightly reduced pension during your lifetime. Regular Surviving Spouse Option When you elect regular surviving spouse benefits, your spouse is entitled to receive a portion of your pension benefit for his or her lifetime in the event of your death. As long as you have been married for at least one year, the Surviving Spouse option is automatically provided unless you and your spouse (whose signature must be witnessed by a notary public) indicate in writing at the time you apply for a pension that you do not want the option. You may designate only your legal spouse for this benefit at the time of retirement. If you have not been married for at least one year, you may elect this option, but this option will not become effective until the first anniversary of your marriage. How Benefits are Calculated With the Regular Surviving Spouse option, you receive a reduced monthly pension benefit to account for the fact that your benefits may be paid over two lifetimes (yours and your surviving spouseʼs). The amount of your benefit reduction depends on whether you choose the Life Annuity or the 10-Year Certain payment option when you retire. If you elect the Life Annuity payment option at retirement, the amount of your benefit reduction for this Surviving Spouse option is determined by the age difference between you and your spouse. If you and your spouse are the same age, or the difference in your ages is five years or less, your basic pension will be 95% of the basic pension you would have received if you had rejected the option. If the difference in your ages is more than five years, the percentage will be increased (but not beyond 100%) or decreased depending on the number of years in excess of five by which your ages differ (1/2 of 1% for each year of difference in age in excess of five).

Age Difference Between You and Your Spouse Percentage of Basic Pension You Receive

5 years or less 95% Your spouse is more than 5

years younger than you 95% minus ½ of 1% (.005) for each year over 5

Your spouse is more than 5 years older than you

95% plus ½ of 1% (.005) for each year over 5 (up to a maximum of 100% of your basic pension benefit)

16

If you elect the 10-Year Certain payment option at retirement, the amount of your benefit reduction for this Surviving Spouse option is based on your age and your spouse's age, as indicated for selected ages in the following table:

Your Age Percentage of Basic Pension You Receive

if Your Spouseʼs Age is: at Retirement 55 60 62 65

55 90.72% 91.75% 92.14% 92.69% 60 85.78% 87.09% 87.60% 88.33% 62 83.28% 84.68% 85.23% 86.02% 65 79.02% 80.54% 81.15% 82.03%

If you and your spouse's ages are between those shown in the charts, the percentage will be adjusted accordingly. If your spouse is living at the time of your death, he or she will receive a monthly benefit equal to 65% of the basic pension benefit you would have been eligible to receive at age 62 and one month—reduced to reflect the surviving spouse adjustment factor—based on the basic pension rate applicable to you at the time of your death. If, when you retire, you elect the: • Life Annuity payment option, your spouse's monthly pension will begin the first of the

month following the month in which your death occurred. • 10 Year Certain payment option, your spouse's monthly pension will begin (a) the first

of the month following the month in which your death occurred, if, at the time of your death, you already received a minimum of 120 monthly payments; or (b) the first of the month following the month in which your spouse receives the 120 monthly payments, if, at the time of your death, you did NOT receive all of your guaranteed 120 monthly payments.

Legal Documents Required to Elect Option A copy of your spouse's birth certificate, or other acceptable official documents if a birth certificate is not available, and a copy of your marriage certificate will be required. Electing the Surviving Spouse Option After Retirement You may be eligible to elect or re-elect the Surviving Spouse option if you marry or remarry after retirement, provided that at retirement: • You were not married or, • You were married and elected the option, but later cancelled the option due to

divorce or the subsequent death of your spouse. You must apply for Surviving Spouse benefits by contacting Benefit Express at 1-888-409-3300 or by logging on to the YBR website at http://resources.hewitt.com/chrysler. Your application to elect or re-elect the Surviving Spouse option must be submitted and processed within the first 17 months following your marriage or remarriage. If your application has not been completely processed by the first day of the 18th month following your marriage or remarriage, you will not have Surviving Spouse benefits. Benefit Express will provide the election form, which must be completed and returned to Benefit Express along with your spouseʼs birth certificate and your marriage certificate.

17

You will also receive a Pension Calculation Statement, which will specify your recalculated benefit under the Surviving Spouse option. The effective date of the election, including any retroactive deductions, will be the date of the first anniversary of your marriage or remarriage. If you are determined eligible to elect this option, the reduction to your pension and the amount payable to your spouse in the event of your death will be calculated in the same manner as previously indicated in this section. Canceling Your Election After Retirement Once the option goes into effect (usually on your retirement date), it cannot be canceled except in the case of death or divorce. Contact Benefit Express at 1-888-409-3300 to provide notification of your change in marital status and to request the appropriate cancellation form. If your spouse dies or you and your spouse are divorced, you may cancel the option and have your monthly pension restored to the unreduced amount as follows: • If divorced, the cancellation will be effective the first day of the third month following

the receipt by Benefit Express of your divorce decree and Qualified Domestic Relations Order (QDRO), provided the legal documents allow for the cancellation.

• If your spouse dies, the cancellation will be effective the first day of the month following the receipt by Benefit Express of the death certificate and the Surviving Spouse Option Cancellation form.

Special Provisions for Terminal Illness or Terminal Occupational Injury/Illness If you have applied for Permanent Total Disability (PTD) retirement, are on an approved medical leave of absence and die prior to completing the five-month waiting period, your surviving spouse, if otherwise qualified, will be eligible for a benefit as if he/she were the spouse of a disability retiree. You must have provided satisfactory evidence that your life expectancy is less than six months at the time of retirement application. Your death must result from the terminal condition for which the medical leave was granted. Your surviving spouse will be eligible for surviving spouse benefits that would have been payable had you been eligible for PTD retirement and survived until the end of the five-month waiting period. Occupational Injury If you have 10 or more years of credited service under the Plan and you die from an occupational injury or illness sustained while working, you will be deemed to have applied for a PTD retirement, and your surviving spouse will be eligible for surviving spouse benefits that would have been payable had you been eligible for PTD retirement benefits and survived until the end of the five month waiting period. Contingent Annuitant Option When you elect a Contingent Annuitant option, your spouse or other designated contingent annuitant is entitled to receive a portion of your pension benefit for his or her lifetime in the event of your death. There are three Contingent Annuitant options: • The 100% Contingent Annuitant option, • The 75% Contingent Annuitant option, and • The 50% Contingent Annuitant option.

18

These options are available only to certain employees as shown here: • The 100% and 50% Contingent Annuitant options are available only to employees

who retire on or after June 1, 2004 or former employees who are eligible to receive a Deferred Vested Benefit and who terminated employment on or after June 1, 2004.

• The 75% Contingent Annuitant option is available only to employees who retire on or after January 1, 2008 or who terminate employment on or after January 1, 2008 and are eligible to receive a Deferred Vested Benefit.

* Note: The 50% and 100% Contingent Annuitant options are not available payment options for PTD Retirement benefits. If you are approved for a PTD retirement after January 1, 2008, you may elect the 75% Contingent Annuitant option if you choose. You may designate only one individual as your contingent annuitant. Once you elect this option, you cannot revoke the option or change your designated contingent annuitant. If your designated contingent annuitant dies before you, you may not designate a new contingent annuitant. In this case, you will continue to receive a reduced monthly benefit, and payments will cease when you die. You cannot elect any Surviving Spouse Option if you elect a Contingent Annuitant option. How Benefits are Calculated With a Contingent Annuitant option, you receive a reduced monthly pension benefit to account for the fact that your benefits may be paid over two lifetimes (yours and your contingent annuitantʼs). The amount of your benefit reduction is based on your age and your contingent annuitantʼs age at the time you retire and on whether you elect the 100%, 75% or 50% Contingent Annuitant option. Depending on the Contingent Annuitant option you choose (100%, 75% or 50%), your spouse or other designated contingent annuitant will receive a monthly benefit equal to 100%, 75% or 50% of the benefit you were receiving (less any supplements) at the time of your death. If you choose the 100% Contingent Annuitant option and you are married but designate someone other than your spouse as your contingent annuitant, the percentage of your benefit that the contingent annuitant receives will be based on the difference between your age and the age of the contingent annuitant as calculated under the federal requirements. You may obtain an estimate of both your benefit and the benefit payable upon your death by logging onto the Benefit Express Your Benefit Resources™(YBR) website and running a pension calculation that includes the information which you supply regarding your named contingent annuitant. See page 3 for more information on Benefit Express and YBR, including the YBR website address. Electing a Contingent Annuitant Payment Option • You must reject the Lifetime Annuity With Surviving Spouse Option form of payment

in writing before it becomes effective. Once this option has been rejected, you may not choose it at any time in the future.

• Your spouse must consent to the rejection of the Surviving Spouse Option by signing the Pension Election Form in the presence of a notary public.

Electing or Canceling after Retirement The Contingent Annuitant option can only be elected at retirement and once elected it cannot be cancelled. In the event of death or your divorce, marriage or re-marriage after retirement, the elected contingent annuitant cannot be changed and your pension will continue to be reduced for this option.

19

Legal Documents Required To Elect Option You must supply a copy of your contingent annuitantʼs birth certificate, or other acceptable official document if a birth certificate is not available. If your elected contingent annuitant is your spouse, you must also include a copy of your marriage certificate when you submit your Retirement Election forms to Benefit Express.

Deferred Pension

Eligibility You are eligible to receive a deferred pension benefit from the Plan if your employment terminates once you are vested (you have 5 or more years of credited service, described on page 20) but before you are eligible for early retirement. How a Deferred Pension is Calculated If you are eligible for a deferred pension benefit, your monthly benefit at retirement is your years of credited service multiplied by the basic pension rate in effect when your employment ends. You may obtain an estimate of your deferred vested benefits through the YBR web site. See “Pension Estimates” on page 3 for more information. The basic pension rate currently in effect is:

Date Employment Terminates Basic Pension Rate

February 1, 2008 and after $ 53.65

You are eligible to begin receiving your deferred pension at age 65. However, you may elect to receive a reduced benefit if you wish to commence benefits before age 65 and you are: • Between the ages of 60 and 65, or • Between ages 55 and 60 and your combined age plus years of credited service equal

85 or more. When you commence your deferred pension before age 65, your benefit is reduced by the applicable deferred pension reduction factor indicated in the following table:

Age Benefits Begin Percentage of Lifetime Basic Pension Payable 65 100% 64 93.3% 63 86.7% 62 80.0% 61 73.3% 60 66.7% 59 60.7% 58 55.4% 57 50.6% 56 46.4% 55 42.5%

If your age is between those shown in the chart, the percentage will be adjusted accordingly.

20

Survivor Benefits A pre-retirement Surviving Spouse option is available before you begin receiving deferred benefits. When you apply to start your benefits, you may elect a regular Surviving Spouse option or, depending on when you terminated employment, a Contingent Annuitant option. If you terminated employment on or after June 1, 2004, the 100% and 50% Contingent Annuitant options are available. If you terminate employment on or after January 1, 2008, the 75% Contingent Annuitant option is also available. For more information on these options, "Survivor Benefits" beginning on page 14. If You Return to Work at Chrysler LLC If you leave Chrysler LLC and return to work for the Company on or after January 1, 2004, you will no longer participate in this Plan but will instead participate in the Chrysler LLC Employee Managed Retirement Plan (EMRP). In this case, your future service upon reemployment will count toward vesting and benefits under the EMRP. If you were eligible for a deferred vested benefit when you terminated employment, you will maintain your eligibility for deferred vested benefits under this Plan. The credited service you had earned at the point you terminated employment will count in determining the amount of your benefit.

About Your Service

There are two kinds of service that affect your pension benefits: • Vesting service determines when you become vested in the Plan (when you earn a

right to receive a pension from the Plan that cannot be forfeited) • Credited service is one factor that determines when you are eligible for a pension and

how much it will be. Vesting Service Being vested means you have a right to receive a pension benefit from the Plan once you meet the eligibility requirements for the benefit; that right cannot be forfeited. You become vested in the Plan on the earliest of the date you: • Complete five years of vesting service or • Reach age 65 or, if later, earn one year of credited service. You earn one year of vesting service for any calendar year during which you complete 1,000 hours of service. An hour of service is any hour for which you are: • Paid (or entitled to be paid) for the work you perform for Chrysler LLC • Paid (or entitled to be paid) for time that you arenʼt at work, including vacation,

holiday, illness, incapacity (including disability), layoff, jury duty or military duty, up to 501 hours in a year

• Awarded back pay (credited for the period in which the time was initially worked). Breaks in Service Before you become vested, you have a one-year break in service for any calendar year in which you work and are paid for less than 501 hours. Generally, if you have five consecutive one-year breaks in service before you are vested, you will lose all vesting service you earned up to that point and any right to a pension from the Plan. Breaks in service before 1985 were calculated differently. If this applies to you, please contact Benefit Express for information.

21

Reinstatement of Vesting Service if you are Re-employed If you have one or more one-year breaks in service, are rehired by Chrysler LLC prior to January 1, 2004 and complete a year of vesting service, the vesting service you earned before your break will be reinstated. Vesting Service for Time NOT Worked There are certain absences for which the Plan will continue to credit you with vesting service during your period of absence. You will continue to earn vesting service for any period of absence due to your active duty in the United States armed forces, as long as you have re-employment rights under the law and you return to work for Chrysler LLC within the legally-defined time after your honorable discharge. You will receive up to a total of 501 hours of vesting service during an approved sick leave of absence because of pregnancy or during an FMLA leave of absence. The time will be credited in the year your leave begins if necessary to prevent a break in service in that year; otherwise the time will be credited in the following year. If your Employment Terminates and you are NOT Vested under the Pension Plan Assume you worked for Chrysler LLC before age 60, lost your service on or after January 1, 1976, and are not eligible for a deferred pension because you do not have 10 or more years of credited service (5 or more years if you terminated after January 1, 1989) as computed earlier. In this case, you may, for the purpose of determining eligibility for a deferred pension, count one year of service for each calendar year in which you accumulated 1,000 hours of service and are otherwise eligible. However, this rule is subject to the following exceptions: • For years prior to January 1, 1976, credit would be accrued in accordance with the

Pension Plan provisions then in effect. • For years after December 31, 1975, credit would be accrued on the basis of one year

of service for each calendar year in which 1,000 hours of service were accumulated. • No credit is accrued before age 18 is attained. • No credit is accrued for years prior to a one-year break in service if the employee has

not completed a year of service after such break in service. If, based on this computation, you are determined eligible for a deferred pension, the amount of your pension will be based only on the credited service as computed in the text preceding this subsection. For purposes of this subsection, you are considered to have a break in service if, in any calendar year, you have not accumulated 500 hours of service with the Corporation. A break in service may not occur if you are absent because of certain maternity or paternity absences or on a leave under the Family and Medical leave Act of 1993. Further details regarding this matter may be obtained from the Benefit Express. Credited Service Your credited service is part of the formula used to calculate your basic pension benefit. It is also a factor in determining when you are eligible to receive a pension from the Plan. Your credited service is counted in years and months. You earn one year of credited service for any calendar year in which you are paid for working at least 1,700 hours. If youʼre paid for fewer than 1,700 hours in a year, youʼll earn a month of credited service for every 142 hours of paid time. After calculating your months of credited service for the year, if you have more than 70 hours left over, it will be credited as an additional month of credited service. If you have 70 hours or less remaining, the hours will not be counted.

22

Credited Service for Time NOT Worked For service prior to January 1, 1966, you will receive pension credit based on your years of service (excluding military service before your employment) or accrued credited service under the Pension Plan, whichever is greater. You will receive up to 40 hours of credited service for each week (up to a maximum of 12 months per calendar year) that you are on an approved leave of absence due to occupational injury or disease you incur while working and for which you receive Workersʼ Compensation benefits, up to the date you retire. You will receive up to 40 hours of credited service for each week (up to a maximum of 12 months per calendar year) that you are on an approved leave of absence to serve in the United States armed forces, up to a maximum of four years of credited service or any longer period that is granted by federal law, as long as you return to work for Chrysler LLC under the terms of your leave of absence. Approved Sick Leave If you were on one or more approved sick leaves of absence because of pregnancy between August 1, 1950 and January 1, 1968, you will, if you were employed on or after November 1, 1979, be credited with up to 510 hours of credited service for each such absence during which you have service. As of January 1, 1968, you may receive 40 hours of credit for each week of sick leave (up to 1,530 hours) during a calendar year provided that you are paid for at least 170 hours during that year. If your sick leave began in 1970 or any calendar year thereafter, and you receive less than 1,530 hours of service credit for your sick leave during that year, you may receive credited service for the unused portion of that 1,530 hours of 40 hours for each week of sick leave which continues into the following year. Absence Due to Layoff You do not receive any credited service for any periods of layoff on or after January 1, 2006. You may, however, receive credited service for periods of layoff before that time, as explained next. As of January 1, 1968, you may receive 40 hours of credit for each week of layoff (up to 1,530 hours) during a calendar year provided that you are paid for at least 170 hours during that year. If your layoff began in 1970 or any calendar year thereafter, and you receive less than 1,530 hours of service credit for each such period of layoff during that year, you may receive credited service for the unused portion of that 1,530 hours of 40 hours for each week of layoff which continues into the following year. If you are laid off on or after November 1, 1985 and you have 10 or more years of service, you may be eligible to receive up to 1,700 additional hours of credited service beyond the 1,530 hours previously referred to. For periods of layoff you may have had between 1950 and 1989, you may receive credited service for a percentage of the time you were laid off. The two tables on the next page show you how to determine your service credit for these periods of layoff.

23

The percentage of service credit you receive depends on your years of credited service on the applicable date that applies to your period of layoff. Periods of layoff and the applicable dates for determining credited service are shown in the following table.

If you Were on Layoff During This Period

Use this Date to Determine Your Years of Credited Service

December 31, 1950 – January 1, 1956 September 15, 1973 December 31, 1955 – January 1, 1958 February 1, 1971

December 31, 1957 – January 1, 1963 November 15, 1967 December 31, 1962 – January 1, 1968 November 1, 1979 December 31, 1973 – January 1, 1977 October 1, 1993 December 31, 1978 – January 1, 1985 November 1, 1985 December 31, 1976 – January 1, 1979 October 1, 1996 December 31, 1978 – January 1, 1984 October 1, 1999

December 31, 1978 – January 1, 1989 January 1, 2004 The following table shows the percentage of layoff time for which you are eligible to receive credited service. The percentage depends on your years of credited service on the date shown in the previous table.

Years of Service (from the Date in the Table Above)

Percentage of Layoff Time to Be Counted

20 or more 100% 15 but less than 20 75% 10 but less than 15 50% 5 but less than 10 25%

Only layoff time for which you were cleared from the roll will be counted for this purpose. Reinstatement of Credited Service if you are Re-employed If you lost your credited service with the Company after August 1, 1950 and later returned to work with the Company, the credited service you had earned prior to your termination may be reinstated. In this case, your pension benefit at retirement is based on your total credited service before and after your re-employment. If you were rehired on or after January 1, 2004, you became a participant in the Employee Managed Retirement Plan (EMRP) upon re-employment. In this case, your pension benefit is based on your credited service as of December 31, 2003. Special Rules for Employees of Acquired Facilities and in Certain Foundry and Asbestos Jobs Special rules apply to certain employees who became employees of the Company as part of an acquisition. In addition, certain foundry and asbestos employees may be entitled to additional credited service if they have worked on certain foundry and asbestos jobs for more than 10 years.

24

When You Retire

Where and How To Apply for a Pension To start the retirement application process, log on to the Your Benefits Resources™ (YBR) website at http://resources.hewitt.com/chrysler. The Retire Now section of YBR enables you to initiate the retirement application process online. The site includes a retirement checklist that takes you through the process step by step and helps you with decisions you need to make. Once you finish Step 2 of the online application process, you will receive a Commencement Kit by mail. This package contains legal notices as well as a worksheet that you can use to process your pension elections in Step 3 of the retirement process. Once you complete your elections in Step 3, you will receive a kit containing the Pension Election Authorization Form, which you will need to sign and return to Benefit Express at the address on the form or by fax to 1-847-883-8234. In the event that your election requires a spousal waiver, that will be included as part of the Pension Election Authorization Form. Your spouseʼs signature must be witnessed by a notary. Once Benefit Express receives and processes the signed Authorization Form you will receive a final confirmation of your benefit payment amounts and timing. You may also contact Benefit Express by phone at 1-888-456-7800 with questions or assistance with this process. You should initiate your retirement—either online or by contacting Benefit Express—no more than 90 days before you plan to retire to minimize any delay in issuing your first pension payment. Tools Available During Retirement Through Your Benefits Resources™ Once you retire, you can perform a variety of tasks and check your pension and payment information through the YBR website: • Update personal information, such as your address, tax withholding and direct

deposit information • View payment information, including current payments • Update future payment information and see when changes will take effect. Applying for Your Deferred Pension Your Deferred Pension will not begin until you file an application. You should apply for your pension no more than 90 days before you want it to begin by logging onto the YBR website at http://resources.hewitt.com/chrysler and following the steps outlined above, or by contacting Benefit Express at 1-888-409-3300. How Your Pension is Paid Your pension is payable monthly as of the first day of the month, for that month. Electronic Funds Transfer (EFT) You may opt to have your pension payments sent directly to your checking/savings account via Electronic Fund Transfer (EFT). You can make this election during the online retirement process.

25

You may also make changes to your payment direction online at any time after your pension payments begin through the YBR website at http://resources.hewitt.com/chrysler. However, due to processing deadlines, it may not be possible to change your payment direction prior to your next scheduled pension payment. Payment by Check You may also receive your pension payments by check, mailed on or before the first day of the month. If you do not receive your pension check by the 10th day of the month, call Benefit Express at 1-888-409-3300. They will place a stop payment on the check. A replacement check cannot be issued until the status of the original check is determined. When Your Pension Begins Your pension begins the month following the date you elect to retire or following the last day you work, whichever is later. However, a deferred pension or permanent total disability pension will start at different times (see the sections describing these pensions for information on when they begin). Your pension cannot begin while you are receiving Sickness and Accident benefits (except extended disability benefits under the insurance program), which are financed in whole or part by Company contributions. For employees who reach age 70 1/2 after 1996, their benefits will not begin before they retire. How Long Your Pension Is Paid Your Basic Pension will be paid as long as you live. Your Temporary Pension, if any, will be paid until you are eligible for unreduced Social Security disability benefits or you reach age 62 and one month, whichever is earlier. The Early Retirement Supplement and the Interim Supplement are not paid beyond age 62 and one month. If after retirement you are re-employed by the Company on a permanent basis, your pension benefits will cease while you are actively employed. Estimates Please see “Benefit Express” on page 3 for information about obtaining an estimate of your pension benefits prior to starting the Retirement Application Process. If You Are in the Chrysler LLC Salaried Employees' Retirement Plan (SERP) You will make your SERP benefit elections as part of your pension online election process as described on page 24. Documents Required When You Begin the Retirement Process To complete the retirement process, you will need to sign and return the Pension Election Authorization Form. If your spouse has been listed on the Benefit Express system for less than one year, you will also need to supply your marriage certificate. If you have been married previously, you will also need to supply your divorce decree and any Qualified Domestic Relations Order (QDRO) from the prior marriage(s).

26

Taxes on Your Benefits Your pension benefits are subject to federal income tax. In addition, federal regulations require that you complete a tax withholding election when you retire, at which time you must indicate whether or not you wish to have federal income tax withheld from your monthly pension payments. You can make this election during the online retirement process. Your pension benefits may also be subject to state income tax. If you wish to have state income tax withheld from your monthly pension payments, you can make this election during the online retirement process as well. You may also make changes to state and federal withholding elections online at any time after your pension payments begin through the YBR website at http://resources.hewitt.com/chrysler. However, due to processing deadlines, it may not be possible to change your withholding elections prior to your next scheduled pension payment. If Your Address Changes You should notify Benefit Express regarding any address changes. You can visit the YBR website at http://resources.hewitt.com/chrysler or call the Service Center at 1-888-409-3300. However, due to processing deadlines, it may not be possible to change your address prior to the issuance of your next scheduled pension payment. If You Receive Workers' Compensation Benefits In certain cases, your pension may be reduced if you receive Workers' Compensation benefits. Your pension will be reduced by Workers' Compensation paid to you under a claim filed later than two years after you retire. Reviewing Your Application The Chrysler LLC Employee Benefits Committee (the Committee) has sole authority to determine your entitlement to a pension.

Appeal Procedure

If, after an examination of your records, you believe any of the following, you may discuss the matter with Benefit Express: • You have been denied a benefit to which you are entitled, • The amount of your benefit is not correct, or • The Company has improperly refused to permit you to participate in or improperly

terminated your participation under the Plan. If you believe the matter was not satisfactorily resolved, you may send, within 180 days after the event that you believe entitles you to the benefit, a written statement describing the problem, giving the name of the Benefit Express representative(s) with whom it was discussed, and indicating your reasons for filing a claim. Your written statement of claim should be mailed to the Companyʼs Employee Benefits Committee as follows: Chrysler LLC Employee Benefits Committee C/O Benefit Determination Review Team (BDRT) PO Box 1407 Lincolnshire, IL 60069-1407

27

The BDRT will review, research, and respond to your claim as an authorized delegate of the Employee Benefits Committee. The BDRT will provide you with a written response, as appropriate, based on the provisions of the Plan. If your request is wholly or partially denied, you will be given written notice of the denial setting forth where applicable: • The specific reason for the denial, • Specific reference to pertinent Plan provisions on which the denial is based, • A description of any additional material or information necessary for you to support

the claim and an explanation of why such material or information is necessary, and • An explanation of the Planʼs claim review procedure, including a statement informing

you of your right to bring a civil action under ERISA if your appeal is denied. If your claim to benefits under the Plan has been wholly or partially denied, you or your authorized representative may request a review of your claim by the Employee Benefits Committee. You must send a written application for review to the Committee at the address above within 60 days after your receipt of written notification of denial of your claim. In connection with the review, you or your authorized representative may review pertinent documents in the possession of the Company or the Employee Benefits Committee, and may submit issues and comments in writing. Not later than 60 days (or, in unusual circumstances, 120 days) after the receipt by the Employee Benefits Committee of your request for review, the Employee Benefits Committee will give its decision in writing, setting forth the specific reasons for the decision, written in a manner calculated to be understandable, and will include where appropriate specific references to the pertinent Plan provisions on which the decision is based. Subject to any rights to remedies accorded by applicable law, the final decision of the Employee Benefits Committee shall be conclusive and binding upon you, the Company, and all other persons interested in the claim. More Information on the Permanent Total Disability (PTD) Retirement Process and Appeal Procedures To qualify for PTD Retirement benefits, you must be an employee of the Company at the time of application for a PTD retirement benefit and meet certain other conditions as well. See “Permanent Total Disability (PTD) Retirement” on page 11 for details. Your application for PTD Retirement benefits begins when you request an Attending Physician Statement (APS) by contacting Sedgwick CMS, the disability administrator, at 1-888-322-4462. Your treating physician must complete the APS form and provide information on all relevant medical diagnoses. You must then submit the completed APS form for processing by faxing it to Sedgwick CMS at 1-800-922-9178 (this fax number is also shown on the APS form). The disability provider will contact you to schedule any further examinations required by the Plan. Once received, the Retirement Plans Administration department will review your application and approve or deny your application based on plan requirements. If your application for PTD benefits is denied, in whole or in part, written notice will be made to you as soon as practicable but generally no later than 45 days (unless special circumstances require an extension of time) after the request is received. This notice will include: • The specific reason or reasons for the denial, • Specific reference to Plan provisions on which the denial is based, • A description of any additional material or information necessary for you to perfect

the claim and an explanation of why such material or information is necessary, and • A description of the Planʼs review procedures and applicable time limits.

28

If you wish to appeal an adverse claim determination, you have within 180 days following receipt of a notification of an adverse benefit determination to submit a written appeal of the determination. The request for review should be submitted in writing to the Employee Benefits Committee and must include at least the following information: • The employeeʼs name, • The name of the Plan, • A reference to the initial decision, • An explanation of why you are appealing the initial determination. The address for submitting an appeal is: Chrysler LLC CIMS 485-02-78 1000 Chrysler Drive Auburn Hills, MI 48326-2766 Attn: PTD Dept. The Employee Benefits Committee will evaluate all medical information pertaining to your PTD appeal, consult with a health care professional where required and make a determination in accordance with Plan language regarding your eligibility for a PTD retirement under the Pension Plan. The Plan Administrator will advise you of the determination of your appeal within a reasonable time, but no longer than 45 days (unless special circumstances require an extension of time) after the request is received. The written decision will include specific reasons for the decision and will set forth specific reference to Plan provisions upon which the decision is based. Upon written request, you may receive, free of charge, copies of relevant documents, records and other pertinent information pertaining to your claim. If your appeal is denied, in whole or in part, you have the right to bring a civil action under Section 502(a) of the Employee Retirement Income Security Act of 1974 (ERISA). No action at law or in equity may be brought until the appeal rights explained here have been exercised and the Plan benefits requested in such appeal have been denied in whole or in part.

Other Information

Authority of Plan Administrator The Plan Administrator has the sole and absolute discretionary authority to interpret and to make determinations with regard to the terms, conditions or administration of the Plan, including, but not limited to issues regarding conflicting provisions, doubtful terms, and the determination of claims or eligibility for benefits. The Plan Administratorʼs decisions will be final and binding upon all persons. The Company, through its duly authorized representatives, reserves the right to amend, suspend, or terminate all or any provision of the Plan. No other entity or person has the authority to amend, suspend or terminate the Plan, commit the Plan to any benefit not approved by the Plan or waive any of the Plan provisions. If material changes are made, you will be notified. Upon termination or partial termination of the Plan, coverage will cease as of the effective date of termination or partial termination.

29

No Implied Promises Nothing in this section says or implies that participation in the Plan is a guarantee that benefit levels for employees, retirees or surviving spouses will remain unchanged in future years. Furthermore, this summary is not deemed to constitute an employment contract. Nothing in this summary gives any person the right to be retained in the employ of the Company. Non-Assignment/Non-Alienation Benefits or amounts payable under the Plan may not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, charge, garnishment, execution or levy of any kind, either voluntary or involuntary. Any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber, charge, garnish, execute or levy upon, or otherwise dispose of any right to benefits payable hereunder, is void. If you become divorced or separated, certain court orders could require that part of your benefits be paid to someone else—your former spouse or children, for example. This could apply to benefits payable to you as well as to your spouse. Please note that any domestic relations order you may receive is not considered a Qualified Domestic Relations Order (QDRO) until the Employee Benefits Committee deems it qualified. If the Employee Benefits Committee determines that the court order qualifies, payment according to the order may begin immediately, even if you are not eligible for retirement. As soon as you are aware of any court proceedings, which may affect your benefit, contact Benefit Express Qualified Domestic Relations Unit at 1-888-456-7800 or log on to www.qocenter.com. Participants and beneficiaries can obtain, without charge, a copy of the procedures governing QDRO determinations from the Plan Administrator. Conflicts/Revisions The Plan is covered by Plan documents describing the Plan provisions in detail. If there are any conflicts between the statements in the summary and those in the Plan documents, the Plan documents will govern. When this summary becomes available to you it will replace and supersede all prior summaries and materials describing your benefits, other than as set forth in the Plan document. Certain statements in this summary may become misleading or incorrect as a result of future events and Plan amendments. In such event employer may make disclosures subsequent to the initial publication date of this summary to ensure that the information provided herein is accurate. Plan Expenses Certain permitted ERISA expenses may be paid by the Plan. Guardian If you (or your beneficiary) are unable to care for your affairs, any payments due may be paid to the person responsible for your care (such as a relative or a court-appointed guardian). Federal Law Federal law requires special Plan provisions to go into effect if the Plan becomes "top-heavy." This means that a Plan provides more of its benefits for "key employees," such as certain company officers or owners. It is most unlikely that this will happen, if it does, you will be notified if it affects you.

30

Employee Retirement Income Security Act This summary is designed to meet the legal requirements for Summary Plan Descriptions established by the Employee Retirement Income Security Act of 1974 (ERISA). For more information on your rights under ERISA, see “Your Rights Under ERISA” beginning on page 31.

Plan Amendments and Termination

The Company reserves the right to amend, modify, terminate, or partially terminate the Chrysler LLC Pension Plan at any time. However, no change will be allowed that might use the Plan's funds for any purpose other than providing benefits to participants and their dependents and beneficiaries and administering the Chrysler LLC Pension Plan. If the Plan Is Terminated The rights of all affected employees, former employees, retired employees, or eligible surviving spouses or beneficiaries having an interest in the Plan will be nonforfeitable. This includes any accrued or vested benefit under the Plan and any employee contributions to the SERP. Assets of the Trust Fund will be allocated among such persons in the manner prescribed by Section 4044 of ERISA or any subsequent applicable law in effect at the time. Mergers, Consolidations, or Transfers In the case of any merger or consolidation with, or transfer of assets or liabilities to any other plan, each employee, former employee, or retired employee, covered by or entitled to benefits under the Plan will receive, if the Plan then terminates, a benefit immediately after the merger, consolidation, or transfer which is equal to or greater than the benefit he or she would have been entitled to receive immediately before the merger, consolidation, or transfer, if the Plan had then terminated. Pension Benefit Guaranty Corporation Your pension benefits under this Plan are insured by the Pension Benefit Guaranty Corporation (PBGC), a federal insurance agency. If the Plan terminates (ends) without enough money to pay all benefits, the PBGC will step in to pay pension benefits. Most people receive all of the pension benefits they would have received under their plan, but some people may lose certain benefits. The PBGC guarantee generally covers: (1) normal and early retirement benefits: (2) disability benefits if you become disabled before the Plan terminates: and (3) certain benefits for your survivors. The PBGC guarantee generally does not cover: (1) benefits greater than the maximum guaranteed amount set by law for the year in which the Plan terminates; (2) some or all of benefit increases and new benefits based on Plan provisions that have been in place for fewer than 5 years at the time the Plan terminates; (3) benefits that are not vested because you have not worked long enough for the company; (4) benefits for which you have not met all of the requirements at the time the Plan terminates; (5) certain early retirement payments (such as supplemental benefits that stop when you become eligible for Social Security) that result in an early retirement monthly benefit greater than your monthly benefit at the Planʼs normal retirement age; and (6) non-pension benefits, such as health insurance, life insurance, certain death benefits, vacation pay, and severance pay. Even if certain of your benefits are not guaranteed, you still may receive some of those benefits from the PBGC depending on how much money your plan has and on how much the PBGC collects from employers.

31

For more information about the PBGC and the benefits it guarantees, ask your Plan Administrator or contact the PBGC. You may write to the PBGC at P.O. Box 151750, Alexandria, VA 33315-1750. You may also call the PBGC at 1-202-326-4000 or 1-800-400-7242. TTY/TDD users may call the federal relay service toll-free at 1-800-877-8339 and ask to be connected to 1-800-400-7242. Additional information about the PBGCʼs pension insurance program is available through the PBGCʼs website at http://www.pbgc.gov.

Your Rights Under ERISA

As a participant in an "ERISA" Plan you are entitled to certain rights and protections under the Employee Retirement Income Security Act of 1974 (ERISA), as amended. ERISA provides that all Plan participants shall be entitled to: • Examine, without charge, at your place of employment, all documents governing a

plan, including collective bargaining agreements and copies of the latest annual reports (Form 5500 Series) filed by each plan with the U.S. Department of Labor. In addition, documents filed with the U.S. Department of Labor are available at the Public Disclosure Room of the Employee Benefits Security Administration.

• Obtain, upon written request to each Plan Administrator, copies of documents governing the operation of each plan, including collective bargaining agreements, and copies of the latest annual reports (Form 5500 Series) and updated Summary Plan Descriptions. The administrator may make a reasonable charge for the copies. You may contact the Plan Administrator at the address shown on page 34 under “Administrative Information.”

• Receive a summary of a plan's annual financial report. The Plan Administrator is required by law to furnish each participant with a copy of this summary annual report.

With regard to the defined benefit plan summarized in this booklet, you have a right to: • Obtain a statement telling you whether you have a right to receive a pension at

normal retirement age (age 65) and if so, what your benefits would be at normal retirement age if you stop working under the Plan now. If you do not have a right to a pension the statement will tell you how many more years you have to work to get a right to a pension. This statement must be requested in writing and is not required to be given more than once every twelve (12) months. Each plan must provide the statement free of charge.

In addition to creating rights for Plan participants ERISA imposes duties upon the people who are responsible for the operation of the employee benefit plan. The people who operate your Plan, called "fiduciaries" of the Plan, have a duty to do so prudently and in the interest of you and other Plan participants and beneficiaries. No one, including your employer, your union, or any other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a benefit or exercising your rights under ERISA. If your claim for a benefit is denied in whole or in part you have a right to know why this was done, to obtain copies of documents relating to the decision without charge, and to appeal any denial, all within certain time schedules. Under ERISA there are steps you can take to enforce these rights. For instance, if you request a copy of Plan documents or the latest annual report from the Plan Administrator and do not receive them within 30 days, you may file suite in a federal court. In such a case, the court may require the Plan Administrator to provide the materials and pay you up to $110 a day until you receive the materials, unless the materials were not sent because of reasons beyond the control of the administrator. If you have a claim for

32

benefits, which is denied or ignored, in whole or in part, you may file suit in a state or federal court. In addition, if you disagree with a plan's decision or lack thereof concerning the qualified status of a domestic relations order or a medical child support order, you may file suit in federal court. If it should happen that Plan fiduciaries misuse the Plan's money, or if you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you may file suit in a federal court. The court will decide who should pay court costs and legal fees. If you are successful the court may order the person you have sued to pay these costs and fees. If you lose, the court may order you to pay these costs and fees, for example, if it finds your claim is frivolous. If you have any questions about a plan, you should contact Benefit Express. If you have any questions about this statement or your rights under ERISA, or if you need assistance in obtaining documents from the plan administrator, you should contact the nearest area office of the Employee Benefits Security Administration, U.S. Department of Labor, listed in this booklet, or the Division of Technical Assistance and Inquiries, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210. You may also obtain certain publications about your rights and responsibilities under ERISA by calling the publication hotline of the Employee Benefits Security Administration.

33

Employee Benefits Security Administration (EBSA) Field Offices Atlanta Regional Office 61 Forsyth Street, S.W. Suite 7B54 Atlanta, GA 30303 Phone: 404/302-3900

Miami District Office 8040 Peters Road, Bldg H, Suite 104 Plantation, FL 33324 Phone: 954/424-4022

Boston Regional Office J.F.K. Building, Room 575 Boston, MA. 02203 Phone: 617/565-9600

New York Regional Office 33 Whitehall Street, Suite 1200 New York, NY 10004 Phone: 212/ 607-8600

Chicago Regional Office 200 West Adams Street, Suite 1600 Chicago, IL 60606 Phone: 312/353-0900

Philadelphia Regional Office 170 S. Independence Mall West, Suite 870 West Philadelphia, PA 19106-3317 Phone: 215/861-5300

Cincinnati Regional Office 1885 Dixie Highway, Suite 210 Ft. Wright, KY 41011-2664 Phone: 859/578-4680

San Francisco Regional Office 90 7th Street, Suite 11-300 San Francisco, CA 94103 Phone: 415/625-2481

Dallas Regional Office 525 South Griffin Street, Room 900 Dallas, TX 75202-5025 Phone: 972/850-4500

Seattle District Office 1111 Third Avenue, Room 860 Seattle, WA 98101-3212 Phone: 206/553-4244

Detroit District Office 211 West Fort Street, Suite 1310 Detroit, MI 48226-3211 Phone: 313/226-7450

St. Louis District Office Young Federal Bldg 1222 Spruce Street, Room 6310 St. Louis, MO 63103 Phone: 314/539-2693

Kansas City Regional Office 2300 Main, Suite 1100 Kansas City, MO 64108 Phone: 816/285-1800

Washington D.C. District Office 1335 East-West Highway, Suite 200 Silver Spring, MD 20910 Phone: 301/713-2000

Los Angeles Regional Office 1055 E. Colorado Boulevard, Suite 200 Pasadena, CA 91101-2341 Phone: 626/229-1000

34

Administrative Information

Plan Sponsor Chrysler LLC

CIMS 485-02-78 1000 Chrysler Drive Auburn Hills, MI 48326-2766

Plan Administrator Chrysler LLC Employee Benefits Committee 1000 Chrysler Drive Auburn Hills, MI 48326-2766

Employer Identification Number (EIN)

38-2673623

Official Plan Name Chrysler LLC Pension Plan

Plan Number 004

Plan Type Defined benefit plan

Plan Year Calendar year: January 1 – December 31

Plan Trustee State Street 2 Avenue deLafayette Boston, MA 02111

Paying Agent JPMorgan Chase Bank, N.A. 1111 Polaris Parkway Suite 2N, 0H1-0634 Columbus, OH 43240

Agent for Service of Legal Process

Office of the Secretary Chrysler LLC CIMS 485-14-78 1000 Chrysler Drive Auburn Hills, MI 48326-2766

Alternatively, legal process may be served on the Plan Administrator or the Plan Trustee.

CHRYSLER LLC 74-380-0141 (09/08) HUMAN RESOURCES Printed in USA