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Brown Cafe UPS Forum
UPS Union Issues
No insurance till 55 when you retire
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<blockquote data-quote="104Feeder" data-source="post: 1146103" data-attributes="member: 42554"><p>The $629 million in enhancements allow us to receive medical at age 52 under the maintenance of standards (Art 34 Sec 1 (friend)), but they are also trying to get it as early as 49 in the new plan they are working on. If you retire before Jan 1st, 2014, UPS will have to make up the difference between the two plans, which would effectively make them pay for coverage. It was put to us as if you are "on an island" and can never get off that island unless you want to opt-out of coverage from UPS/Teamsters. $.70 instead of $.50 of the $1 contribution increase are being allocated to cover early retiement eligibility. (Again, this only applies in the Western Conference and New Jersey, not anybody in the Central or South Conference.)</p><p></p><p>I realize it's a little confusing as you have to read Article 34, then jump to the Memorandums to make sense of it all. The last one details what the monthly coverage costs are and that they will transition to an 80/20 in network, 70/30 out of network with a $200/$400 annual deductible. </p><p></p><p>I didn't realize so few retire at 49, although maybe not as many started at 18 to make those numbers work.</p></blockquote><p></p>
[QUOTE="104Feeder, post: 1146103, member: 42554"] The $629 million in enhancements allow us to receive medical at age 52 under the maintenance of standards (Art 34 Sec 1 (friend)), but they are also trying to get it as early as 49 in the new plan they are working on. If you retire before Jan 1st, 2014, UPS will have to make up the difference between the two plans, which would effectively make them pay for coverage. It was put to us as if you are "on an island" and can never get off that island unless you want to opt-out of coverage from UPS/Teamsters. $.70 instead of $.50 of the $1 contribution increase are being allocated to cover early retiement eligibility. (Again, this only applies in the Western Conference and New Jersey, not anybody in the Central or South Conference.) I realize it's a little confusing as you have to read Article 34, then jump to the Memorandums to make sense of it all. The last one details what the monthly coverage costs are and that they will transition to an 80/20 in network, 70/30 out of network with a $200/$400 annual deductible. I didn't realize so few retire at 49, although maybe not as many started at 18 to make those numbers work. [/QUOTE]
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No insurance till 55 when you retire
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