Will retirement health benefits be safer under TeamCare than UPS administrated plan?

Discussion in 'UPS Union Issues' started by cynic, Oct 2, 2013.

  1. cynic

    cynic New Member

    Ran into a friend that retired from an airline that went bankrupt. He told me that his retirement health insurance from that airline went away due to bankruptcy. I also worked for the same airline but was laid off following 9/11. I was shocked to hear that as he was a union employee at the airline for over 30 years.

    This led my train of thought to wondering if our having TeamCare administrated by IBT through funding by UPS in any way lessens the risk of a similar problem happening were UPS to go bankrupt in "##" years from now. I'm a PT employee at UPS. Sure, UPS is very profitable now but changes in the economic wellness of corporations can happen quickly. So do you feel future UPS retirement health insurance benefits safer with TeamCare than under a UPS admin'ed plan?
     
  2. srvhero

    srvhero "leastbest"

    Re: Will retirement health benefits be safer under TeamCare than UPS administrated pl

    Nope....
     
  3. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Re: Will retirement health benefits be safer under TeamCare than UPS administrated pl

    In theory maybe but if UPS goes under the Teamster's go broke.
     
  4. 1989

    1989 Well-Known Member

    Re: Will retirement health benefits be safer under TeamCare than UPS administrated pl

    ​Along with everyone's pension
     
  5. balland chain

    balland chain Member

    Re: Will retirement health benefits be safer under TeamCare than UPS administrated pl

    With central states in charge, ANYTHING can happen.. get ready, hold on, have clean underwear ready.. it will be needed when we all see what those crooks at CS do with our healthcare & pension !!