Central States H&W Changes Retiree Contribution Rates

The Central States Health and Welfare Fund has increased the cost for Teamsters who retire under age 60, and decreased it for those who retire after age 60. Once again, Central States is aiming to increase the average age of retirement.

Monthly premiums for 2009 for those who retire at age 57 are $360, or $720 for a couple. For those who retire at 62 or more, the retiree monthly payment is $100 ($200 per couple).

These changes do not affect UPS Teamsters who have Central States Health and Welfare; they pay $200 per month ($400 per couple) if they retire over age 55.

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