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UPS Union Issues
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<blockquote data-quote="Jackburton" data-source="post: 1278428" data-attributes="member: 34538"><p>Insurance is the act of transferring risk you can't or don't want to absorb. Two things about this raise red flags. First, everyone looks at the 10 bucks a month, no one said anything about the initial fee to join which is still undisclosed. </p><p></p><p>Second thing is the math behind the funding. If three people are out for say 1 month, that's 6400 paid out on three people. It would take 640 people to be in the plan to just pay for those three under a break even analysis, before the administrative costs of the plan. </p><p></p><p>I don't know about your hub but that's not a stretch where I'm from, and we don't even have half that amount of drivers in ours.</p></blockquote><p></p>
[QUOTE="Jackburton, post: 1278428, member: 34538"] Insurance is the act of transferring risk you can't or don't want to absorb. Two things about this raise red flags. First, everyone looks at the 10 bucks a month, no one said anything about the initial fee to join which is still undisclosed. Second thing is the math behind the funding. If three people are out for say 1 month, that's 6400 paid out on three people. It would take 640 people to be in the plan to just pay for those three under a break even analysis, before the administrative costs of the plan. I don't know about your hub but that's not a stretch where I'm from, and we don't even have half that amount of drivers in ours. [/QUOTE]
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