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Brown Cafe UPS Forum
UPS Retirement Topics
retiree medical coverage going up
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<blockquote data-quote="sendagain" data-source="post: 251991" data-attributes="member: 1695"><p>The problem is you retire with a certain set of conditions in place, then suddenly those factors start changing and affecting your retirement. These potential changes in costs are never mentioned; maybe they never happened in the past, but the end result is your financial security becomes at risk. If this is what the retirees are going to be facing every year, then the Teamsters should take all limits off their retirees from work restrictions that are now in place. They don't even tell you you are going to have restrictions on what kind of work you can do when you leave until you file for retirement. You practically need a lawyer to help you understand what the restrictions are. I can understand a union giving up things when a company is losing money, but UPS makes more money every year. Maybe a lot of this money for the buyout is going to come right out of our pockets.</p></blockquote><p></p>
[QUOTE="sendagain, post: 251991, member: 1695"] The problem is you retire with a certain set of conditions in place, then suddenly those factors start changing and affecting your retirement. These potential changes in costs are never mentioned; maybe they never happened in the past, but the end result is your financial security becomes at risk. If this is what the retirees are going to be facing every year, then the Teamsters should take all limits off their retirees from work restrictions that are now in place. They don't even tell you you are going to have restrictions on what kind of work you can do when you leave until you file for retirement. You practically need a lawyer to help you understand what the restrictions are. I can understand a union giving up things when a company is losing money, but UPS makes more money every year. Maybe a lot of this money for the buyout is going to come right out of our pockets. [/QUOTE]
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retiree medical coverage going up
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