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Brown Cafe UPS Forum
UPS Union Issues
Healthcare cost raised for the retired
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<blockquote data-quote="10 point" data-source="post: 2096572" data-attributes="member: 52520"><p>This contract is the issue. With the pension sinking in CS and the guarantee that the company supplement the deficit thru this contract I hear many that are 55 yrs of age talking about getting out by 07/31/16. I'm not sure if there's a lock on that guarantee after the next CBA is approved or if the company can renig on the issue (08-18 CBAs) but anyone who is close to retiring is talking about bailing out vs losing a substantial percentage of their pension by hanging on past 07/16.</p><p></p><p>This covers my question about the burden of retirees.</p><p>Again, the guy that held the information meeting at our local about TeamCare in 2013 interjected the statement about "the grey hairs" (retirees) may no longer be covered after retirement one day.</p><p></p><p>I've come to see that often when the leadership is slightly saying something that they are seriously thinking about that issue. Just my observation.</p></blockquote><p></p>
[QUOTE="10 point, post: 2096572, member: 52520"] This contract is the issue. With the pension sinking in CS and the guarantee that the company supplement the deficit thru this contract I hear many that are 55 yrs of age talking about getting out by 07/31/16. I'm not sure if there's a lock on that guarantee after the next CBA is approved or if the company can renig on the issue (08-18 CBAs) but anyone who is close to retiring is talking about bailing out vs losing a substantial percentage of their pension by hanging on past 07/16. This covers my question about the burden of retirees. Again, the guy that held the information meeting at our local about TeamCare in 2013 interjected the statement about "the grey hairs" (retirees) may no longer be covered after retirement one day. I've come to see that often when the leadership is slightly saying something that they are seriously thinking about that issue. Just my observation. [/QUOTE]
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