Benefits Comparison

What is Early Retiree Medical?


Early Retiree Medical (ERM) is a negotiated benefit in SPEEA Puget Sound Professional and Technical bargaining units that cover SPEEA-represented employees in the event that they opt to retire before being Medicare eligible (typically age 65). To be eligible for ERM, a represented individual needs to have 10 years of service and be age 55 or older. The ERM plan benefits are the same as the active employees' medical plan benefits, but the plan costs and employee contributions are set differently.

 

  • Full Benefits: If the represented individual was hired before 1993 the member pays $10 for Select Network plan or Group Health or $20 for the Traditional Medical plan for themselves, an additional $10 or $20 for their spouse and an additional $10 or $20 should they have any eligible dependents.
  • Partial Benefits: If the represented individual was hired on or after 1/1/1993, but before 1/1/2007, then The Boeing Company will pay 3.33% of the ERM plan premiums for each year of service. In this scenario, a member will never pay less than those that have earned "full benefits."
  • No Benefits: SPEEA-Represented individual hired on or after 1/1/2007 are not eligible for ERM.

Some non-union employees also have ERM.  They may be eligible for full or partial benefits, but the majority of non-represented Boeing employees hired after 12/31/1998 have no ERM. In addition, SPEEA-represented employees rehired or recalled within six years of layoff retain their earlier "last hire date." SPEEA members who were McDonnell Douglas or Rockwell heritage employees, and did not experience a break in service, are also eligible for ERM.


 

Last Hired

Current SPEEA
      Puget Sound        

        Most
        Non-Union

Before 1993

Full

    Full

1993 - 1998

Partial

    Partial

1999 - 2006

Partial

    None

2007 and after

None

    None

 

SPEEA-represented individuals in the Puget Sound Professional and Technical bargaining units can check their eligibility and level of benefits in Article 16 of their respective collective bargaining agreement. 

Non-union employees can call Total Access to inquire about the level of ERM they are eligible for, if any.


Field Service Representatives (FSR) needing additional information or with questions about benefits can call SPEEA Benefits Director Matt Kempf at 206-433-0991.


FSR-Yes!