Has anyone noticed the "new" provision on the TeamCare website for retiree coverage at:
https://myteamcare.org/ups/newMembers/docs/TeamCareRetireePlanforUPSMembers.pdf
I do not remember the provision that all current retirees will remain in the UPS Company Plan. FYI...My September 4th, 2013 PDF copy does not contain that addendum.
Does anyone know what the UPS Retiree Plan schedule of benefits and associated costs will be?
View attachment 10404
Was there not a Memorandum that addressed this?
United Parcel Service Inc. (UPS) and the Teamsters UPS National Negotiating Committee (Union) agree to the following
in connection with the former Teamster-represented UPS employees who are in a retired status as of December 31, 2013
and receiving retiree medical coveragethrough a UPS sponsored plan:
1)
Retirees in UPS sponsored plans (pre- and post-65) will have the following contribution rates:
Effective 1-1-2014:
Single-fifty dollars ($50.00)/retiree plus-one hundred dollars ($100.00)
Effective 1-1-2015:
Single-one hundred dollars ($100.00)/retiree plus-two hundred dollars ($200.00)
Effective 1-1-2016:
Single-one hundred and fifty ($150.00)/retiree plus-three hundred dollars ($300.00)
2)
Effective January 1, 2014 all current retiree medical plans will be modified to provide an 80/20 benefit in
network; 70/30 benefit out-of-network, and an annual deductible of $200/$400.
3)
This Agreement will be applied to retirees covered by the Health Care Program and formerly represented by
Teamster Locals 118, 182, 294, 317, 449, 529, 264A, 687 and 693 in accordance with the Memorandum of
Understanding between the parties identified in this paragraph dated October 22, 2010.
4)
Nothing within this paragraph is intended to alter UPS rights with regard to the retiree plans as specified in the
associated Summary Plan Description.
