The lifetime maximum benefit for the Railroad Employees National Early Retirement Major Medical Benefit (ERMA or GA-46000) Plan will increase from $157,800 to $162,500 beginning Jan. 1, 2018.
At the end of 2001, Labor and Management had agreed on various procedures to administer the annual changes in the amount of the lifetime maximum benefit under the ERMA Plan.
In conjunction with the formula established in 2001, a new lifetime maximum was calculated by utilizing the October 2017 consumer price index (CPI) data for Hospital and Related Services and Physician Services. The result is a lifetime maximum for 2018 of $162,500.
For individuals who have reached the lifetime maximum, the incremental maximum available is applied to eligible expenses submitted for dates of service on or after the effective date of the new maximum. For 2018, this amount will be $4,700.
This change will apply to all railroads and crafts participating in ERMA.
Related News
- SMART-TD Presidential Endorsement
- Report all transit assaults, help fight for change with SMART-TD’s new reporting tool
- Countdown To Election Day 2024!
- Workers Unite Against Keolis at Boston’s South Station
- Your Retirement Is At Risk In This Election
- Full slate of SMART-TD endorsements released
- Boston rally tomorrow 10/23: Stand with Keolis commuter railroad workers
- Annual rally brings workers together in Houston
- Oberman to TD: Vote for your own future
- RRB operating on temporary funding