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UPS Retirement Topics
benefit in retirement for part-timer
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<blockquote data-quote="JonFrum" data-source="post: 922890" data-attributes="member: 18044"><p>Are you talking about this Plan (below), or another one? . . .</p><p></p><p>ARTICLE 34. HEALTH & WELFARE AND PENSION</p><p>Section 1. Health & Welfare and Pension Provisions</p><p>(k) Part-time Retiree Coverage</p><p></p><p>(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.</p><p></p><p>(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.</p><p></p><p>(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).</p><p></p><p>(4) Coverage and benefit levels shall be as specified in the Summary Plan Description.</p><p></p><p>(5) Eligibility for coverage for retiree and spouse begins on the first (1st) day after the employee’s active coverage ends.</p><p></p><p><strong>(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.</strong></p></blockquote><p></p>
[QUOTE="JonFrum, post: 922890, member: 18044"] Are you talking about this Plan (below), or another one? . . . 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. [B](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.[/B] [/QUOTE]
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benefit in retirement for part-timer
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