The lifetime maximum benefit for the Railroad Employees National Early Retirement Major Medical Benefit (ERMA or GA-46000) Plan will increase from $188,000 to $195,100 beginning Jan. 1, 2024.
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 2022 consumer price index (CPI) data for Hospital and Related Services and Physician Services. The result is a lifetime maximum for 2024 of $195,100.
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 2024, this amount will be $7,100.
This change will apply to all railroads and crafts participating in ERMA.
Related News
- Truth and Lies about the BNSF Crew Consist Agreement
- Monopoly in the Making: Union Pacific’s Merger Ambitions Could Shake UP the Rail Industry
- Celebrating the Life and Legacy of Brother Daniel A. May
- Championing Rail and Transit Safety from Coast to Coast
- Potential NJ Transit Strike: What SMART-TD Members Need to Know
- Union Support Available for Members Affected by Maryland, Virginia, and Pennsylvania Flooding
- Local 202’s Tierney Gallegos connects union strength with public good
- Support Brother Michael Garcia After a Tragic Loss
- Alabama Port Authority learns a lesson in solidarity
- In Loving Memory of Donald H. Wolff II