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Brown Cafe UPS Forum
UPS Partners
Management Retirement at 59
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<blockquote data-quote="j13501" data-source="post: 1192710" data-attributes="member: 918"><p>Great analysis. In addition, add to it that each year, retirees in the UPS retiree health plan, "fall off" as they move to Medicare and get reduced benefits for the purchase of Medicare supplement and plan D drug plan coverage. The new retirees have less years of service at the full rate (years before 1992) and so they get less Defined Dollar Benefit credits. Much like the pension plan, the liabilities under the retiree health plan will reduce over time.</p></blockquote><p></p>
[QUOTE="j13501, post: 1192710, member: 918"] Great analysis. In addition, add to it that each year, retirees in the UPS retiree health plan, "fall off" as they move to Medicare and get reduced benefits for the purchase of Medicare supplement and plan D drug plan coverage. The new retirees have less years of service at the full rate (years before 1992) and so they get less Defined Dollar Benefit credits. Much like the pension plan, the liabilities under the retiree health plan will reduce over time. [/QUOTE]
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