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Brown Cafe UPS Forum
UPS Union Issues
AETNA's Effect on our 2013 Contract Negotiations
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<blockquote data-quote="Bagels" data-source="post: 1112130" data-attributes="member: 43436"><p>It's been written on here before than only 60% of UPS employees are covered by the company's self-insured plan; the other 40% - mostly FTers - are not.</p><p></p><p>Here are the numbers regarding PTers in the UPS-controlled plan, per the annual letter for 2012:</p><p>- total income of 762,695,751 -> includes 19,038,679 in employee contributions</p><p>- total expenses 762,785,207 -> includes 41,561,026 in administrative, the rest are benefits paid out.</p><p></p><p>Not certain the exact number of PTers are covered by the plan, but the range of what it costs should run close to $5K-$8K. In other words, much cheaper to remain self-insured than not to.</p></blockquote><p></p>
[QUOTE="Bagels, post: 1112130, member: 43436"] It's been written on here before than only 60% of UPS employees are covered by the company's self-insured plan; the other 40% - mostly FTers - are not. Here are the numbers regarding PTers in the UPS-controlled plan, per the annual letter for 2012: - total income of 762,695,751 -> includes 19,038,679 in employee contributions - total expenses 762,785,207 -> includes 41,561,026 in administrative, the rest are benefits paid out. Not certain the exact number of PTers are covered by the plan, but the range of what it costs should run close to $5K-$8K. In other words, much cheaper to remain self-insured than not to. [/QUOTE]
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