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UPS Retirement Topics
UPS subsidizing non ups pensions
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<blockquote data-quote="JonFrum" data-source="post: 142418"><p>wkmac,</p><p>Central States is guilty of many things but they have never had anything to do with the UPS National LTD Plan. The coverage is paid for by UPS (with the money we made for them) as negotiated in Article 34 of the UPS National Master Contract. Met Life has always been the insurer. Dig out the Summary Plan Description they sent you about a year ago.</p><p></p><p><a href="http://www.browncafe.com/community/threads/ups-teamsters-national-master-agreement.335360/" target="_blank">http://www.browncafe.com/community/threads/ups-teamsters-national-master-agreement.335360/</a></p><p></p><p>"Article 34. Health & Welfare and Pension</p><p>(j) Long-Term Disability</p><p></p><p>(1) Full-time seniority employees will become eligible for long-term disability (LTD) after six (6) months of employment for non-occupational illnesses or injuries that last longer then twenty-six (26) weeks.</p><p></p><p>(2) Long-term disability benefits will equal sixty percent (60%) of the employee?s base weekly pay to a maximum of five hundred dollars ($500) per week for up to five (5) years. Long-term disability benefits begin when short-term disability coverage ends or after twenty-six (26) weeks from date of disability, whichever is later.</p><p></p><p>(3) Average weekly base pay is computed by averaging paid hours (maximum of forty (40) hours per week) each week during the last full calendar quarter the employee worked and multiplying that by the hourly rate of their base job. Weeks of unemployment in the prior quarter will not be counted in the calculation. If there were substantial weeks of unemployment, the prior full calendar quarter may be used for the calculation.</p><p></p><p>(4) The definition of disability, termination of eligibility, offsets, exclusions, limitations, claim procedures and any other related issues will be controlled by the Summary Plan Description.</p><p></p><p>(5) The long-term disability coverage will become effective on August 1, 2004 for eligible employees who become disabled after that date. However, pre-existing conditions will not affect the employee's eligibility for LTD. "</p></blockquote><p></p>
[QUOTE="JonFrum, post: 142418"] wkmac, Central States is guilty of many things but they have never had anything to do with the UPS National LTD Plan. The coverage is paid for by UPS (with the money we made for them) as negotiated in Article 34 of the UPS National Master Contract. Met Life has always been the insurer. Dig out the Summary Plan Description they sent you about a year ago. [url]http://www.browncafe.com/community/threads/ups-teamsters-national-master-agreement.335360/[/url] "Article 34. Health & Welfare and Pension (j) Long-Term Disability (1) Full-time seniority employees will become eligible for long-term disability (LTD) after six (6) months of employment for non-occupational illnesses or injuries that last longer then twenty-six (26) weeks. (2) Long-term disability benefits will equal sixty percent (60%) of the employee?s base weekly pay to a maximum of five hundred dollars ($500) per week for up to five (5) years. Long-term disability benefits begin when short-term disability coverage ends or after twenty-six (26) weeks from date of disability, whichever is later. (3) Average weekly base pay is computed by averaging paid hours (maximum of forty (40) hours per week) each week during the last full calendar quarter the employee worked and multiplying that by the hourly rate of their base job. Weeks of unemployment in the prior quarter will not be counted in the calculation. If there were substantial weeks of unemployment, the prior full calendar quarter may be used for the calculation. (4) The definition of disability, termination of eligibility, offsets, exclusions, limitations, claim procedures and any other related issues will be controlled by the Summary Plan Description. (5) The long-term disability coverage will become effective on August 1, 2004 for eligible employees who become disabled after that date. However, pre-existing conditions will not affect the employee's eligibility for LTD. " [/QUOTE]
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