What I would like to see is when the time comes for Medicare, TeamCare has a supplement to cover the cost of medical, dental and eye, just as we have now even if it cost retiree a monthly premium. But what say you??
if it happens it will not affect the Western Conference...Strictly limited to the Central and Southern supplement or those under the current IBT/UPS Pension Plan.
The union part timers in those regions are covered by the UPS Pension Plan, totally controlled and maintained by the Company. It is plausible for the simple reason that the Company will be eliminating further funding or credit years for the UPS Retirement Plan (the management plan) and replace it with a 401K.
There is no chance in HELL of anything being change with your pension plan or benefits.
If fact it will continue to grow as you add new members and the continuing monetary contributions will only increase, same with your Health and Welfare benefits.
Again those members under the IBT/UPS Pension Plan and the part timers under the UPS Pension Plan are (NOT)getting the same monetary contributions put into their pensions as the Western and other Union controlled pension plans.
Everything is spelled out in the Contract book..Just look what a 25 year full timer gets if they decide to retire under the IBT/UPS Pension plan at any age:
$ 2,000 a month...and if they could qualify for retiree health and welfare benefits just subtract 200 or 400 dollars from that equalization.
That negotiable formula has not changed or been improved since 2008...