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Brown Cafe UPS Forum
UPS Union Issues
Question about Central States Funding.
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<blockquote data-quote="Inthegame" data-source="post: 1174267" data-attributes="member: 37112"><p>So how are the "advantaged" non-UPS'ers responsible for the actions of the UPS Yes voters?</p><p>All those non-UPS participants in CS H&W plans that you feel will be advantaged, need to have contributions sufficient to "buy" their level of coverage. If their negotiated contributions aren't high enough they get bumped into a lower level CS Plan. C-6 is the best plan in CS. Granted, UPS contributions will increase funding but with the funding comes the claims. UPS <em>may</em> be advantaged as they operate a self funded pay plan presently and pay only for incurred claims, but now going to a defined contribution obligation could in theory be more expensive depending again on claim experience.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1174267, member: 37112"] So how are the "advantaged" non-UPS'ers responsible for the actions of the UPS Yes voters? All those non-UPS participants in CS H&W plans that you feel will be advantaged, need to have contributions sufficient to "buy" their level of coverage. If their negotiated contributions aren't high enough they get bumped into a lower level CS Plan. C-6 is the best plan in CS. Granted, UPS contributions will increase funding but with the funding comes the claims. UPS [I]may[/I] be advantaged as they operate a self funded pay plan presently and pay only for incurred claims, but now going to a defined contribution obligation could in theory be more expensive depending again on claim experience. [/QUOTE]
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