Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
METRO-PHILA PENSION & BENEFITS
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="ddomino" data-source="post: 59538"><p>Someone posted a question about this but it must have been one lost Sat am. </p><p> </p><p>The first statements I will make will all refer to a leaflet I have titled UPS Health and Welfare Package for Retired Employees. It has page numbers 101, 102, 103 on it. It also has the UPS shield on it. The old logo. </p><p> </p><p>This plan offers medical options. They are PCP, or PPN, and in non-network areas the traditional program. Max lifetime $500,000.00. In addition dental and vision is covered. Eligibility: Any age 30 years of service, age 50 w/ 25 years, age 55 w/ 20 years. It talks about dependants and life events. When coverage begins: date of retirement or when active plan ends.Spouse begins with you as long as eligible and under 65. When coverage ends: When you reach 65. Spouse ends at 65, (s)he becomes eligible for medicare, or no longer a dependant. Then lists Member Services Directory with phone numbers of all providers. There is no cost listed but I am told it cost $50.00 per month. Life and ADD ins and legal and spending accts are extra but also available. </p><p> </p><p>The next leaflett I will refer to is Titled Teamsters Pension Trust Fund of Phila &amp; Vicinity. Its dated 12/15/02 and say Local 384 Meeting. First lists vesting, then benefit service. Then <strong>NORMAL RETIREMENT</strong> (or retirement w/out reduction in accrued benefit) #1 age 65 <10>20 #2 w/ at least 20 benefit years-no reduction if worked after 50. #3 Any age w/ 30 vested-no reduction. #4 any age w/ 25 benefit-no reduction. Vested service = <750 hours in a year. 10 years needed to be vested, or after 1/1/99 only 5 needed to be vested. Benefit service = <1800 hours. Fractional year earned if more than 750 hours. </p><p> </p><p>The next leaflett has no title or markings but was copied w/ above form and was also posted on union board w/ above . I will list first the 1st full year in plan then the benefit at 25 then 30 </p><p><strong>year w/ 25 w/30</strong> </p><p> </p><p>1973 not listed $3016 </p><p>80 $3350 $4594 </p><p>85 $4771 $6058 </p><p>88 $5608 $6895 </p><p>92 $6469 $7756 </p><p>98 $7531 not listed </p><p>00 $7804 not listed </p><p> </p><p>It also says important assumptions apply </p><p>collective bargaining increasees in rates </p><p>2002 .40 hourly(h) 3.20 daily(d) 40.20 new daily rate(ndr) </p><p>2003 .35h 2.80d 43.00ndr </p><p>2004 .35h 2.80d 45.80ndr </p><p>2005 .35h 2.80d 48.60ndr </p><p>2006 .35h 2.80d 51.40ndr </p><p>2007 .45h 3.60d 55.00ndr </p><p>These are all multipiers that I believe get you to the numbers above. The multiplier has been reduced for 05,06,07,&amp;08 due to bad returns. This does mean these numbers are high, but it will give you the idea where we stand in metro-Phila. </p><p> </p><p>I hope this is not to much info and your eyes start to glaze over.</p></blockquote><p></p>
[QUOTE="ddomino, post: 59538"] Someone posted a question about this but it must have been one lost Sat am. The first statements I will make will all refer to a leaflet I have titled UPS Health and Welfare Package for Retired Employees. It has page numbers 101, 102, 103 on it. It also has the UPS shield on it. The old logo. This plan offers medical options. They are PCP, or PPN, and in non-network areas the traditional program. Max lifetime $500,000.00. In addition dental and vision is covered. Eligibility: Any age 30 years of service, age 50 w/ 25 years, age 55 w/ 20 years. It talks about dependants and life events. When coverage begins: date of retirement or when active plan ends.Spouse begins with you as long as eligible and under 65. When coverage ends: When you reach 65. Spouse ends at 65, (s)he becomes eligible for medicare, or no longer a dependant. Then lists Member Services Directory with phone numbers of all providers. There is no cost listed but I am told it cost $50.00 per month. Life and ADD ins and legal and spending accts are extra but also available. The next leaflett I will refer to is Titled Teamsters Pension Trust Fund of Phila & Vicinity. Its dated 12/15/02 and say Local 384 Meeting. First lists vesting, then benefit service. Then [b]NORMAL RETIREMENT[/b] (or retirement w/out reduction in accrued benefit) #1 age 65 <10>20 #2 w/ at least 20 benefit years-no reduction if worked after 50. #3 Any age w/ 30 vested-no reduction. #4 any age w/ 25 benefit-no reduction. Vested service = <750 hours in a year. 10 years needed to be vested, or after 1/1/99 only 5 needed to be vested. Benefit service = <1800 hours. Fractional year earned if more than 750 hours. The next leaflett has no title or markings but was copied w/ above form and was also posted on union board w/ above . I will list first the 1st full year in plan then the benefit at 25 then 30 [b]year w/ 25 w/30[/b] 1973 not listed $3016 80 $3350 $4594 85 $4771 $6058 88 $5608 $6895 92 $6469 $7756 98 $7531 not listed 00 $7804 not listed It also says important assumptions apply collective bargaining increasees in rates 2002 .40 hourly(h) 3.20 daily(d) 40.20 new daily rate(ndr) 2003 .35h 2.80d 43.00ndr 2004 .35h 2.80d 45.80ndr 2005 .35h 2.80d 48.60ndr 2006 .35h 2.80d 51.40ndr 2007 .45h 3.60d 55.00ndr These are all multipiers that I believe get you to the numbers above. The multiplier has been reduced for 05,06,07,&08 due to bad returns. This does mean these numbers are high, but it will give you the idea where we stand in metro-Phila. I hope this is not to much info and your eyes start to glaze over. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
METRO-PHILA PENSION & BENEFITS
Top