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Brown Cafe UPS Forum
UPS Discussions
UPS Health Benefits Shock for Retired Union Employees
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<blockquote data-quote="Catatonic" data-source="post: 1079103" data-attributes="member: 7966"><p><strong>Re: Burnt out retired ups worker</strong></p><p></p><p></p><p></p><p>Latest figure I saw was $9200 per person.</p><p></p><p>The UPS Management Retiree Insurance Plan was set up decades ago with money accrued and set aside for the length of the management employee career. I don't know if the Teamsters or UPS set aside monies over time to fund the Teamster Employee fund beyond the apparent $6250 per year ceiling.</p><p>Also, management pays 100% of the amount over the calculated coverage where it appears the Teamster employee pays 50% above the $6250 ... be careful what you ask for!</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1079103, member: 7966"] [b]Re: Burnt out retired ups worker[/b] Latest figure I saw was $9200 per person. The UPS Management Retiree Insurance Plan was set up decades ago with money accrued and set aside for the length of the management employee career. I don't know if the Teamsters or UPS set aside monies over time to fund the Teamster Employee fund beyond the apparent $6250 per year ceiling. Also, management pays 100% of the amount over the calculated coverage where it appears the Teamster employee pays 50% above the $6250 ... be careful what you ask for! [/QUOTE]
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