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Brown Cafe UPS Forum
UPS Union Issues
No insurance till 55 when you retire
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<blockquote data-quote="104Feeder" data-source="post: 1142877" data-attributes="member: 42554"><p>In the West we have "Maintenance of Standards" which is why there is some animosity toward the healthcare change. It was negotiated 35 years ago when the Company sold us on a UPS healthcare plan, and means that we can never have less than what we negotiated before. It's the reason for the $629 million in "enhancements" to the CSH&W plan should it become the provider for the West. So in effect, "maintenance of standards" is an entitlement. </p><p></p><p></p><p>..............</p><p></p><p>Under the enhanced CSH&W we are able to obtain healthcare coverage at age 52, not 55. This puts people who are able to retire at age 49 (and there are many of us) in a bit of a situation. Should the retire early, they would have to purchase their own health insurance to make up the gap. At age 52 you have a one-time "opt in" chance at the CSH&W. So in effect, this is going to delay retirement for many people by 3 years. Lately, many haven't been retiring at age 49 on schedule, but I think there are many that would like to coming up relatively soon. They've had enough. What's more important is that we were able to continue Post-65 coverage under the CSH&W. That will be significant for many people. Hopefully Andy M can come up with a better plan for ourselves in the West that maintains much of what we had and will allow for coverage at age 49. I have much confidence in Andy's abilities to create such a plan.</p></blockquote><p></p>
[QUOTE="104Feeder, post: 1142877, member: 42554"] In the West we have "Maintenance of Standards" which is why there is some animosity toward the healthcare change. It was negotiated 35 years ago when the Company sold us on a UPS healthcare plan, and means that we can never have less than what we negotiated before. It's the reason for the $629 million in "enhancements" to the CSH&W plan should it become the provider for the West. So in effect, "maintenance of standards" is an entitlement. .............. Under the enhanced CSH&W we are able to obtain healthcare coverage at age 52, not 55. This puts people who are able to retire at age 49 (and there are many of us) in a bit of a situation. Should the retire early, they would have to purchase their own health insurance to make up the gap. At age 52 you have a one-time "opt in" chance at the CSH&W. So in effect, this is going to delay retirement for many people by 3 years. Lately, many haven't been retiring at age 49 on schedule, but I think there are many that would like to coming up relatively soon. They've had enough. What's more important is that we were able to continue Post-65 coverage under the CSH&W. That will be significant for many people. Hopefully Andy M can come up with a better plan for ourselves in the West that maintains much of what we had and will allow for coverage at age 49. I have much confidence in Andy's abilities to create such a plan. [/QUOTE]
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No insurance till 55 when you retire
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