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Brown Cafe UPS Forum
UPS Union Issues
is it really cheaper to move part-timers health-care to teamsters
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<blockquote data-quote="PiedmontSteward" data-source="post: 1179510" data-attributes="member: 42270"><p>Regardless of how often a PT'er was using their insurance, UPS was/is still required to contribute a certain dollar amount per PT'er on each bargaining unit member's behalf into the either the company plan or a Taft-Hartley plan in order to keep it funded. For a single PT'er (no spouse/family), this was roughly $450-500/month. </p><p></p><p>They're making similar/greater contributions to TeamCare under the TA, but are no longer <strong>fiscally </strong>responsible for retiree health care liabilities (which resulted in a massive hit on their books, as retiree/near-retiree health costs must legally be shown as a financial liability to investors) and administration.</p></blockquote><p></p>
[QUOTE="PiedmontSteward, post: 1179510, member: 42270"] Regardless of how often a PT'er was using their insurance, UPS was/is still required to contribute a certain dollar amount per PT'er on each bargaining unit member's behalf into the either the company plan or a Taft-Hartley plan in order to keep it funded. For a single PT'er (no spouse/family), this was roughly $450-500/month. They're making similar/greater contributions to TeamCare under the TA, but are no longer [B]fiscally [/B]responsible for retiree health care liabilities (which resulted in a massive hit on their books, as retiree/near-retiree health costs must legally be shown as a financial liability to investors) and administration. [/QUOTE]
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is it really cheaper to move part-timers health-care to teamsters
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