UPSers are covered by over two dozen pension plans and a much larger number of Health & Welfare plans. But if you are under the H&W plan mentioned in Article 34, then it looks like you might be eligible at age 55.Wow. That's some great info. Thanks. I'm getting up there in years. Thanks for distinguishing the difference in the 2 pensions. I'm shooting for the 30 year service pension at any age then.
Does anybody know what the current age is to get the health insurance after retiring with 30 years and pensio for part-time now? It was 50 years old with 30 years service on the old contract but I've heard it might be 52 or 55 years old with 30 years service now. Thanks again for the good info on this topic.
ARTICLE 34. HEALTH & WELFARE AND PENSION
Section 1. Health & Welfare and Pension Provisions
(k) Part-time Retiree Coverage
(1) Effective August 1, 2002 the Employer will provide health insurance coverage to all part-time employees, not covered by a Union plan, who retire on or after that date.
(2) To be eligible for the coverage, the part-time employee must:
(i) not be eligible for Medicare;
(ii) meet the same age and service requirements as that of a full-time employee in the same Supplement, Rider or Addendum and at a minimum, be at least fifty-five (55) years of age with a minimum of twenty-five (25) years of part-time service as defined in the UPS Pension Plan;
(iii) be covered as an active employee by a UPS-administered health care plan for part-time employees at the time of retirement and;
(iv) not a part-time employee because of a voluntary bid to part-time status in the five (5) years prior to retirement.
(3) A retiree’s legal spouse is also eligible for coverage if he or she is not eligible for Medicare and is under age sixty-five (65).
(4) Coverage and benefit levels shall be as specified in the Summary Plan Description.
(5) Eligibility for coverage for retiree and spouse begins on the first (1st) day after the employee’s active coverage ends.
(6) The retired part-time employee will be required to make a contribution equal to the amount required by a retired full-time employee in the same Local Union. If there is no established rate the contribution will be two hundred dollars ($200.00) per month.