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UPS Union Issues
TDU: Summary of Central States healthcare coverage with co-pay and deductible
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<blockquote data-quote="Inthegame" data-source="post: 1121392" data-attributes="member: 37112"><p>There is actually a very good reason why your statement is inaccurate. </p><p>1)The Teamster <u><strong>non-profit</strong></u> Taft Hartley funds can only "spend" what they take in. </p><p>2)When actual costs exceed planned costs, UPS self insured plans can re-allocate company assets into covering expenses. UPS has been re-allocating dollars into insurance coverage, retiree and active, at a rate they aren't comfortable with and they're attempting to reduce/eliminate those allocations. </p><p>So coverage levels in Teamster plans are limited by their pooled assets while UPS plans are limited by UPS's wealth.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1121392, member: 37112"] There is actually a very good reason why your statement is inaccurate. 1)The Teamster [U][B]non-profit[/B][/U] Taft Hartley funds can only "spend" what they take in. 2)When actual costs exceed planned costs, UPS self insured plans can re-allocate company assets into covering expenses. UPS has been re-allocating dollars into insurance coverage, retiree and active, at a rate they aren't comfortable with and they're attempting to reduce/eliminate those allocations. So coverage levels in Teamster plans are limited by their pooled assets while UPS plans are limited by UPS's wealth. [/QUOTE]
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TDU: Summary of Central States healthcare coverage with co-pay and deductible
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