Just wait until the ACA (Obamacare) goes into full effect starting next year. Employers are going to be bailing out of Health Care Plans in droves. Individual premiums and co-pays are going to start going ballistic, until they reach a point where the vast majority of the public demands a SP-UHC plan, much like other civilized nations have been using for years. The simple fact that we pay twice as much for health care...yet the Value of our plans places us barely in the top 20 nations...should be telling us something. The Greed and Waste in our present system will soon spell its doom.
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--- In ibmpensionissues@..., Just Puttin' <JustPutt2@...> wrote:
Almost daily, some one writes that changing a Health Care benefit is illegal,,, I am amazed at the wide spread misunderstanding that Health Care benefits carry the same characteristics as a Pension Benefit.??
To my knowledge no business organization has Guaranteed Health Care to employees.?? The federal government has changed benefits many times.
Health care is not and was not ever guaranteed.???? IBM, Apple, Microsoft, HP, Google,,,, check them out.
??
Dick
Dance like there is no tomorrow
________________________________
From: Koz60 <stevek_99sub@...>
To: ibmpensionissues@...
Sent: Wednesday, June 19, 2013 2:02 PM
Subject: [ibmpensionissues] Re: Future Health Account
??
I was 39 when they switched plans.. 18yrs of service but only 39 so I got the new plan. Can't believe this is legal. Wouldn't this be age discrimination? Met company requirements to retire but they say not old enough to collect the medical money? Telling me I have to wait till I'm 55 makes sense but forfeit it all has to be against the law... Some law.. Anyone know if anyone ever challenged this in court? I would suspect IBM had it's attorneys lock this down but curious. I would bet that if this got in front of a jury they would side with the employee.. But guessing that will never happen.
--- In ibmpensionissues@..., pvsutera <no_reply@> wrote:
This depends on whether you are on the old pension plan, 1st or 2nd choicers could retire with 30 years and get their FHA when they turned 55. Now with Cash-balance folks, born after June 1959, they need to be 55 and 15 years service to claim their FHA money. I believe if they are 54 and 14 years service, they might be able to get a bridge to FHA eligibility, but maybe not since with 30 years they are retirement eligible already. This is why it is called the Future Hell Account.
--- In ibmpensionissues@..., Bob Nelson <nelson_bob@> wrote:
I retired with over 30 years but was not 55 and did not lose my FHA account.
