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UPS Health Benefits Shock for Retired Union Employees
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<blockquote data-quote="Ms.PacMan" data-source="post: 1075263" data-attributes="member: 4656"><p><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><p style="text-align: left">..........$50 per month contribution for their medical coverage. This contribution covers the retired employee, spouse and any eligible dependent children.</p><p><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><p style="text-align: left">The average annual cost per participant is defined as the total claims paid by the Plan in a calendar year, divided by the total number of Plan participants during that year. Each retired employee, each spouse, and each eligible dependent would be considered a Plan participant.</p> <p style="text-align: left"></p></span></span></span></span></span></span></span></span></p><p style="text-align: left"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px">If the average annual cost per participant exceeds $6,250, each retired employee will share equally in the cost above the $6,250 maximum by making an additional contribution.</p></span></span></span></span></span></span></span></span></p><p style="text-align: left"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"></p></span></span></span></span></span></span></span></span></p><p style="text-align: left"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px">The $6,250 maximum cost per participant is subject to future negotiations. If required, the additional contributions would not be implemented until after the expiration of the current collective bargaining agreement.</p><p></span></span></span></span></span></span></span></span><strong><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"></span></span></span></span></span></span></span></span></strong></p><p><strong><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"><span style="font-family: 'Sabon-Roman'"><span style="font-size: 12px"> </span></span></span></span></span></span></span></span></strong></p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 1075263, member: 4656"] [FONT=Sabon-Roman][SIZE=3][FONT=Sabon-Roman][SIZE=3][LEFT]..........$50 per month contribution for their medical coverage. This contribution covers the retired employee, spouse and any eligible dependent children.[/LEFT][FONT=Sabon-Roman][SIZE=3][FONT=Sabon-Roman][SIZE=3][LEFT]The average annual cost per participant is defined as the total claims paid by the Plan in a calendar year, divided by the total number of Plan participants during that year. Each retired employee, each spouse, and each eligible dependent would be considered a Plan participant.[/LEFT][B][FONT=Sabon-Roman][SIZE=3][FONT=Sabon-Roman][SIZE=3][B][FONT=Sabon-Roman][SIZE=3][FONT=Sabon-Roman][SIZE=3][/SIZE][/FONT][/SIZE][/FONT][/B][/SIZE][/FONT][/SIZE][/FONT][/B][LEFT] If the average annual cost per participant exceeds $6,250, each retired employee will share equally in the cost above the $6,250 maximum by making an additional contribution. The $6,250 maximum cost per participant is subject to future negotiations. If required, the additional contributions would not be implemented until after the expiration of the current collective bargaining agreement.[/LEFT][/SIZE][/FONT][/SIZE][/FONT][/SIZE][/FONT][/SIZE][/FONT][B][FONT=Sabon-Roman][SIZE=3][FONT=Sabon-Roman][SIZE=3][B][FONT=Sabon-Roman][SIZE=3][FONT=Sabon-Roman][SIZE=3][/SIZE][/FONT][/SIZE][/FONT][/B][FONT=Sabon-Roman][SIZE=3][FONT=Sabon-Roman][SIZE=3] [/SIZE][/FONT][/SIZE][/FONT][/SIZE][/FONT][/SIZE][/FONT][/B][FONT=Sabon-Roman][SIZE=3][FONT=Sabon-Roman][SIZE=3][/SIZE][/FONT][/SIZE][/FONT] [/QUOTE]
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UPS Health Benefits Shock for Retired Union Employees
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