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Brown Cafe UPS Forum
UPS Retirement Topics
Medical Coverage Questions
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 381744" data-attributes="member: 12570"><p>UPS contributes to our health and welfare as well as our pension plan while we are working. The Union administers the plans and invests the money in the hopes of getting the best return possible on its investments thereby ensuring a sound pension plan.</p><p> </p><p>This is the first year that retirees have been asked to pay their own health care premiums (under the pension plan for Upstate NY). I heard that it is $270 for a retiree and their spouse but don't quote me on that.</p><p> </p><p>Of course, this coverage will end, as will the premiums, when the retiree becomes eligible for Medicare.</p><p> </p><p>You are smart to begin planning now while you are still relatively young.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 381744, member: 12570"] UPS contributes to our health and welfare as well as our pension plan while we are working. The Union administers the plans and invests the money in the hopes of getting the best return possible on its investments thereby ensuring a sound pension plan. This is the first year that retirees have been asked to pay their own health care premiums (under the pension plan for Upstate NY). I heard that it is $270 for a retiree and their spouse but don't quote me on that. Of course, this coverage will end, as will the premiums, when the retiree becomes eligible for Medicare. You are smart to begin planning now while you are still relatively young. [/QUOTE]
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