The lifetime maximum benefit for the Railroad Employees National Early Retirement Major Medical Benefit (ERMA or GA-46000) Plan will increase from $171,100 to $175,700 beginning Jan. 1, 2021.
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 2020 consumer price index (CPI) data for Hospital and Related Services and Physician Services. The result is a lifetime maximum for 2021 of $175,700.
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 2021, this amount will be $4,600.
This change will apply to all railroads and crafts participating in ERMA.
Related News
- Yardmaster Protection Act Introduced
- PHOTO GALLERY: 2025 Denver Regional Training Seminar
- Fighting for Stronger Heat Protections for Rail Workers
- Regional Training Seminar Sets (Mile-High) Record in Denver
- Registration Open for Anaheim Regional Training Seminar
- Help Promote Rail Crossing Safety on ENS Sign Awareness Day
- Streak of Organizing Wins, Strong Agreements Highlights the SMART-TD Difference
- Sisters Represent TD at Charity Mud Race
- New College Education Benefit Available for SMART-TD Members and Their Families
- Members drive legislative action in New England