Settlement OK'd In UPS Retirees' Insurance Rate Action

Law360, New York (December 10, 2010, 4:08 PM EST) -- A federal judge has preliminarily approved a settlement in an Employee Retirement Income Security Act class action brought against UPS Inc. by two retired delivery drivers who accused the carrier of illegally hiking retired union members’ health insurance contributions.

The settlement agreement, approved Thursday by Judge Norman A. Mordue of the U.S. District Court for the Northern District of New York, sets a standard health insurance premium contribution of $125 per retiree, “regardless of family size or status.”

The judge’s order also approved a class defined...
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