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Brown Cafe UPS Forum
UPS Union Issues
Do I really need a union for a 2% raise ???
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<blockquote data-quote="Just A UPS Guy" data-source="post: 3719666" data-attributes="member: 73174"><p>No, if you contribute 6% to your 401, you continue to contribute that 6% on your wage increase. Also, each year, most companies have what's called open enrollment, at which time you select your health plan for the year. This is the point when healthcare providers adjust the rates accordingly, either up or down to reflect the cost of the plan. An average of 3% increase means that an average of 3% of your wage increase goes to that. </p><p></p><p>So, a person at 6% 401(k) or 403(b) contribution and an increase of 3% to healthcare means that 9% of the wage increase is accounted for. A $2.00 raise is essentially $1.82 on your check.</p></blockquote><p></p>
[QUOTE="Just A UPS Guy, post: 3719666, member: 73174"] No, if you contribute 6% to your 401, you continue to contribute that 6% on your wage increase. Also, each year, most companies have what's called open enrollment, at which time you select your health plan for the year. This is the point when healthcare providers adjust the rates accordingly, either up or down to reflect the cost of the plan. An average of 3% increase means that an average of 3% of your wage increase goes to that. So, a person at 6% 401(k) or 403(b) contribution and an increase of 3% to healthcare means that 9% of the wage increase is accounted for. A $2.00 raise is essentially $1.82 on your check. [/QUOTE]
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Do I really need a union for a 2% raise ???
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