Teamcare Increases Coming

Discussion in 'UPS Discussions' started by detmaintainer, Apr 7, 2020.

  1. detmaintainer

    detmaintainer Detroit Maintenance Rat

    Projections are a 20% to 40% increase in insurance premiums due to economic downturn and Wuhan related costs. If this happens get ready for Teamcare to come for our raises. I believe some or possibly all contracts already have that language. Better hope you qualify for that $1200. It may be the only raise you get for awhile.
     
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  2. Indecisi0n

    Indecisi0n Well-Known Member

    I heard 80-120% !
     
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  3. DriveInDriveOut

    DriveInDriveOut Proud Deplorable

    You might want to check out teamcare's annual report. I think they're doing just fine sitting on almost 6 billion in assets.
     
  4. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    Health insurance is such a bs racket.
     
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  5. oldngray

    oldngray nowhere special

    The problem is future obligations. Not current cash reserves.
    No worries. The government will bail you out.

    Won't they?
     
  6. DriveInDriveOut

    DriveInDriveOut Proud Deplorable

    kungflu ain't that big a deal
    we gun' be aight boo
     
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  7. detmaintainer

    detmaintainer Detroit Maintenance Rat

    The Central states pension looked like that at one time too.
     
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  8. oldngray

    oldngray nowhere special

    If more people die that reduces future Teamcare costs. You should be happy.
     
  9. BigUnionGuy

    BigUnionGuy Got the T-Shirt


    What contractual language are you referring to ?


    The Central States pension fund was in trouble, going back into the 90's.

    Not much of a concern for current UPS members, who retire(d) under

    the current UPS/IBT plan.
     
  10. Wally

    Wally BrownCafe Innovator & King of Puns

    The company usually does well in recessions so I don't know what numbers the OP is citing?
     
  11. Delivery!!!

    Delivery!!! Member

    That 1200 dollars is more of a loan. I believe it is actually a credit on next year's taxes. So we will all eventually be paying it back.
     
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  12. Wontmake9.5

    Wontmake9.5 My job is fun

    That’s crazy talk. Our government would never do that.
     
  13. specter208

    specter208 Active Member

    Not what I heard. The stimulus Money is tax free and does not need to be repaid. The stimulus is going to be taken out of federal budget for the next couple years. I could be wrong myself.
     
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  14. silenze

    silenze Lunch is the best part of the day

    Trump is paying us all from his personal checking account. I could also be wrong.
     
  15. Mugarolla

    Mugarolla Light 'em up!

    Incorrect, on all accounts.
     
  16. Brown Biscuit

    Brown Biscuit Blind every day

    I also like to shotgun a few beers when I get home and put on my tin foil hat.
     
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  17. detmaintainer

    detmaintainer Detroit Maintenance Rat

    Arti
     
  18. detmaintainer

    detmaintainer Detroit Maintenance Rat

    Article 34 section 4

    Reallocation of General Wage Increases.
     
  19. zimbomb

    zimbomb Member

    Maybe giving up private healthcare and transitioning to a single payer system might just save the labor movement?
     
  20. Jackburton

    Jackburton Gone Fish'n

    It’s ok, we’ll just add an additional amendment to 22.4 language that they pay double deductibles!!

    Second best contract ever, coming 2023.