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Brown Cafe UPS Forum
UPS Union Issues
Upstate/West NY Supplement .. the joke is on you
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1135199" data-attributes="member: 12570"><p>You may have misread what I posted---the company does not want to insure retirees---they want the union, which does currently offer retiree healthcare for around $500/month, to do so for $50-100/month. Our health fund is doing quite well---we have enough money to provide 18 months of coverage in our reserve fund. Our BA told us that the union is trying to figure out if they can do this and what would be the best way to do this if they are able to.</p><p></p><p>Our pension is at 51% and there was talk of raising the retirement age to 57 but our BA told us that the last quarter of the economic turndown of 2008 is about to come off the books and our funding percentage should increase dramatically. We still have about 5,000 more retirees than actives.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 1135199, member: 12570"] You may have misread what I posted---the company does not want to insure retirees---they want the union, which does currently offer retiree healthcare for around $500/month, to do so for $50-100/month. Our health fund is doing quite well---we have enough money to provide 18 months of coverage in our reserve fund. Our BA told us that the union is trying to figure out if they can do this and what would be the best way to do this if they are able to. Our pension is at 51% and there was talk of raising the retirement age to 57 but our BA told us that the last quarter of the economic turndown of 2008 is about to come off the books and our funding percentage should increase dramatically. We still have about 5,000 more retirees than actives. [/QUOTE]
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