A $12,000 cap on profit-sharing will also be removed, and permanent employees will continue to receive $1,000 for every $1 billion in pre-tax profits GM makes in North America. GM plans to invest $7.7 billion $US representing 9,000 jobs created and maintained, according to the pages of the deal obtained by The Detroit News. The 2015 contract contained a commitment of $US 8.3 billion. The four-year interim deal proposed by United Automobiles Workers with General Motors Co. would give agency workers a path to totally dilapidated employment, not change health plans, eliminate the profit-benefit cap, give wage increases or bonuses each year of the contract, and offer a record ratification bonus, according to a summary of the union contract. The new GM three-year agreement follows a historic model definition agreement first-time with Ford, which includes a 5 percent hourly rate increase, a $7,250 productivity and quality bonus, a total of $4,000 in inflation protection premiums, enhanced benefits, shift bonuses, and the restoration of the 20 percent wage gap for crafts.