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Brown Cafe UPS Forum
UPS Union Issues
Healthcare cost raised for the retired
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<blockquote data-quote="bottomups" data-source="post: 2093731" data-attributes="member: 29452"><p>I have been full time in my local for 30 years and have always had Teamster administered healthcare benefits. Just maybe, having retirees pay a reasonable amount for retiree health insurance has allowed the plan to remain viable. At 65 years of age our premiums drop as it becomes secondary to Medicare.</p><p>Having a viable healthcare plan has allowed my local to place additional funds into our pension. Our pension fund is strong and has actually increased the accrual rate the last two years.</p><p>They are now looking into the possibility of increasing pension payouts to past retirees. This all happening as many pension are failing around the country and cutting their payouts.</p></blockquote><p></p>
[QUOTE="bottomups, post: 2093731, member: 29452"] I have been full time in my local for 30 years and have always had Teamster administered healthcare benefits. Just maybe, having retirees pay a reasonable amount for retiree health insurance has allowed the plan to remain viable. At 65 years of age our premiums drop as it becomes secondary to Medicare. Having a viable healthcare plan has allowed my local to place additional funds into our pension. Our pension fund is strong and has actually increased the accrual rate the last two years. They are now looking into the possibility of increasing pension payouts to past retirees. This all happening as many pension are failing around the country and cutting their payouts. [/QUOTE]
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