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UPS Health Benefits Shock for Retired Union Employees
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<blockquote data-quote="beentheredonethat" data-source="post: 1079324" data-attributes="member: 4886"><p><strong>Re: Burnt out retired ups worker</strong></p><p></p><p></p><p></p><p>If I'm not mistaken it's capped at 30 total years. So even if a mgmt person has 35 years in, we only get the 30 multiplier. Also, in the past (pre 1990 or pre 1991) the number was 750 per year, but around that date, they lowered it to 250 per year. (The mgmt folks got enhanced a long time ago). So folks like me who still have about 10 years (minimum) left I'll have about 3 years at 750/yr and 27 at 250 a year. So when I retire in 10 years UPS will cover the first 9,000 and I'll pay 100% of the rest. For folks who started in 91 or so, their max is 7500. Then as Hoax said, we pay 100% past that.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 1079324, member: 4886"] [b]Re: Burnt out retired ups worker[/b] If I'm not mistaken it's capped at 30 total years. So even if a mgmt person has 35 years in, we only get the 30 multiplier. Also, in the past (pre 1990 or pre 1991) the number was 750 per year, but around that date, they lowered it to 250 per year. (The mgmt folks got enhanced a long time ago). So folks like me who still have about 10 years (minimum) left I'll have about 3 years at 750/yr and 27 at 250 a year. So when I retire in 10 years UPS will cover the first 9,000 and I'll pay 100% of the rest. For folks who started in 91 or so, their max is 7500. Then as Hoax said, we pay 100% past that. [/QUOTE]
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