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Brown Cafe UPS Forum
UPS Retirement Topics
UPS Management Retirement-Health Plan Coverage
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<blockquote data-quote="Catatonic" data-source="post: 1152090" data-attributes="member: 7966"><p>Nope.</p><p>Once you have 10 years of credited service, you get the medical, Prescription, vision and dental coverage from early retirement age until you are Medicare eligible.</p><p>The UPS Pension is vested at 5 years service but Retiree Healthcare is vested at 10 years service. These are two separate legal benefits with different rules.</p><p></p><p>The year is 1992.</p><p>The DBA = $250 (Defined Benefit Amount) up to 30 years. Obviously any years prior to 1993 are used.</p><p>1992 and before is $750 per year served (3 DBAs).</p><p>1993 and after is $250 per year served (1 DBA).</p><p>The amount calculated is for you and your spouse gets a matching amount.</p><p></p><p>The amount provided for Medicare supplement is $42 per DBA for you and $42 per DBA for your spouse.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1152090, member: 7966"] Nope. Once you have 10 years of credited service, you get the medical, Prescription, vision and dental coverage from early retirement age until you are Medicare eligible. The UPS Pension is vested at 5 years service but Retiree Healthcare is vested at 10 years service. These are two separate legal benefits with different rules. The year is 1992. The DBA = $250 (Defined Benefit Amount) up to 30 years. Obviously any years prior to 1993 are used. 1992 and before is $750 per year served (3 DBAs). 1993 and after is $250 per year served (1 DBA). The amount calculated is for you and your spouse gets a matching amount. The amount provided for Medicare supplement is $42 per DBA for you and $42 per DBA for your spouse. [/QUOTE]
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