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UPS stomps on retirees health
Original post made
on May 16, 2014
UPS notified their retirees that our insurance premiums will double next month, quadruple in 2015, and increase 6x what we are paying now the following year. In addition they reduced our benefits to 80% coverage and imposed a $500,000 lifetime cap. Retirees do not have any voting rights or say in what UPS chooses to do. I guess their posted profits are largely due to what they take from employees who dedicated 30+ years of service. Retirees make the decision to retire based on certain facts and unfortunately UPS changed the rules. Shame on UPS.
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