I am curious because I was assuming the company pays about the same all over for our health and pension benefits. I know what you get for your health benefits and pension can be alot different from one plan to another plan. Try not to turn this into a pension thing. Don`t post unless your sure what is being paid for your benefits. Call and find out for sure and then please post.
How much is UPS paying for your benefits where you work?
- Thread starter wolfman1
- Start date
UpstateNYUPSer(Ret)
Well-Known Member
8/1/2010 $9.590
2/1/2011 $9.965
8/1/2011 $11.040
2/1/2012 $11.465
8/1/2012 $12.115
Keep in mind that these contribution rates include our split raises being diverted to the pension as part of our pension rehabilitation plan.
2/1/2011 $9.965
8/1/2011 $11.040
2/1/2012 $11.465
8/1/2012 $12.115
Keep in mind that these contribution rates include our split raises being diverted to the pension as part of our pension rehabilitation plan.
klein
Für Meno :)
Is that just pension ?
Because numbers must vary how many children you have or are single with no kids (atleast healthcare) or is it a flat rate ?
UpstateNYUPSer(Ret)
Well-Known Member
That is health and pension and is an hourly contribution capped at 40 hours per week. Single, married, kids, no kids, does not make a difference as the pension is for the employee (unless you get divorced and ex-wifey wants 16% of it).
I am not sure of the exact dollar figures. I do know that the retiree portion is capped. Anything over the cap s charged back to retiree. It must be based on past actual or future expectations and then set as a fixed amount over that contract. In the 2007 contract the retiree portion went from $50.00 per month to $125.00-$130.00 (I don't remember exact amount). My guess would be UPS pays between $8500.00 and $12000.00 for your benefits and mine and each retiree. This would be between $708.00 and $1000.00 per employee per month. Remember UPS gets a large group discount policy. No one individual or small company could buy this coverage for this amount. Also, ours is considered a "Cadillac Policy." Hope this helps.
Dom
Dom
New England Teamsters and Trucking Industry Pension Fund:
8/1/2010 . . . .$7.21
8/1/2011 . . . .$7.86
8/1/2012 . . . .$8.51
TEAMSTERS UNION 25 HEALTH SERVICES & INSURANCE PLAN:
8/1/2010 . . . .$8.21
8/1/2011 . . . .$8.56
8/1/2012 . . . .$8.91
No split raises have been diverted into either fund.
The Pension Fund covers all of New England.
The H&W Fund covers Locals 25 and 42, but other H&W funds in New England probably have the same contribution rates.
Contributions to both funds are made on all paid hours, up to a maximum of 40 hours per week.
The total contribution (Pension and H&W combined) is set in Article 34 of the National Master, then the regional Supplements divide up the money between their Pension Funds and H&W Funds as needed.
8/1/2010 . . . .$7.21
8/1/2011 . . . .$7.86
8/1/2012 . . . .$8.51
TEAMSTERS UNION 25 HEALTH SERVICES & INSURANCE PLAN:
8/1/2010 . . . .$8.21
8/1/2011 . . . .$8.56
8/1/2012 . . . .$8.91
No split raises have been diverted into either fund.
The Pension Fund covers all of New England.
The H&W Fund covers Locals 25 and 42, but other H&W funds in New England probably have the same contribution rates.
Contributions to both funds are made on all paid hours, up to a maximum of 40 hours per week.
The total contribution (Pension and H&W combined) is set in Article 34 of the National Master, then the regional Supplements divide up the money between their Pension Funds and H&W Funds as needed.
klein
Für Meno :)
Just for comparison what UPS pays in Canada :
about $50 per month in medical and dental.
and just going up to $70 something per month on pension (prior to the new contract just signed it was $50).
Works out to $120 per month for bennies, or $40 per week, or less then $1.00 per hr).
Besides that, lower wages for drivers (about $24 US / hr)
about $50 per month in medical and dental.
and just going up to $70 something per month on pension (prior to the new contract just signed it was $50).
Works out to $120 per month for bennies, or $40 per week, or less then $1.00 per hr).
Besides that, lower wages for drivers (about $24 US / hr)
