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Brown Cafe UPS Forum
UPS Union Issues
teamcare question
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<blockquote data-quote="Inthegame" data-source="post: 1443426" data-attributes="member: 37112"><p>Not sure where you get the 2/3rds retiree number in the H&W plan as post 65 are not covered. Very unlikely early retirees (55-65) outnumber actives by 2-1 and even more unlikely TeamCare could increase reserves as they had been doing in that scenario.</p><p></p><p>A ponzi has money going out with nothing guaranteed coming in. TeamCare provides HC payments and has backing from contractual obligations funding their expenses, so no it's not a "sort of a ponzi."</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1443426, member: 37112"] Not sure where you get the 2/3rds retiree number in the H&W plan as post 65 are not covered. Very unlikely early retirees (55-65) outnumber actives by 2-1 and even more unlikely TeamCare could increase reserves as they had been doing in that scenario. A ponzi has money going out with nothing guaranteed coming in. TeamCare provides HC payments and has backing from contractual obligations funding their expenses, so no it's not a "sort of a ponzi." [/QUOTE]
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