ComEd/Exelon RETIRED EMPLOYEE ASSOCIATION
(Including members of former IBEW Local Unions of System Council
U-25)
IBEW LOCAL 15
Comments or suggestions: Johnson@ibewlocal15.org
LINKS
Home
Staff
Unit Meetings
Unity
Safety
Fossil
Commercial
Clerical
Nuclear
Lemont
Organizing
MBA Info
Seniority Lists
--External--
IBEW Intl
6th District
AFL-CIO
Ill. Dept. of Labor
OSHA
NLRB
Habitat for
Humanity
United Way
Union Plus
Discounts
RETIREE NEWS
October 2007 Retiree Newsletter
Changes In Health Care Premiums And Coverage For Exelon Retirees
-
In 2004, the Exelon Company began charging pre-1995 retirees monthly medical premiums with absolutely no regard that it was negotiated through the years to be free to its service annuitants.
-
In 1998 with no notice given to the Union or others, the Exelon Company began charging post-1995 retirees monthly medical premiums based on retiree medical costs rather than "active employee costs" and the monthly medical premiums collected from active employees for 2005, pre-Medicare eligible retirees who select medical PPO family coverage will be paying approximately $3560 - $3960 per year (depending on Date of Retirement, or if Union or Management Employee) vs $2650 for an active Union employee selecting medical PPO family coverage.
Starting in 2005, the Company has significantly increased the premium costs while lowering the medical coverage benefit for "active management employees". Subsequently, the Company has stated the retirees will be offered this same medical coverage plan in 2006.
-
The Company refuses to honor the Prescription Drug Costs Plan negotiated with the Union.
The Company continually fails to properly adjust the monthly pension amount after medical premiums increased beyond $150 per month for service annuitants that retired between April 1995 - September 30, 1999 as negotiated. Supplements were to go from 80% to 85% at no extra cost to the retirees. The Company added the 5% to the Supplement the annuitants were receiving (which is not the same as 85%) and then recalculated their respective monthly pension amounts with the new Supplement figure and, thus lowering their monthly pension.