United Extends VSP2 Submission Deadline to July 8, 2020 & Enhances Option A
June 19, 2020
United has enhanced the benefits available under Option A of the Voluntary Separation Program 2 (VSP2) and has extended the application deadline to submit through July 8, 2020 at 2359 CT.
Enhanced Medical Benefits Up to $45,000 in Retiree Health Account
United heard from employees considering the VSP2 that medical costs were high on the list of considerations when evaluating the overall feasibility of their participating in VSP2. In response to those concerns, United has enhanced Option A by adding a Retiree Health Account (RHA) with a one-time credit from United of $1,500 for each completed year of service up to a maximum of $45,000 (30 years credit). The funds in the RHA can be used to cover eligible medical expenses, including premiums, copays, prescriptions, dental and vision services. The RHA will be available for ten (10) years from the date of separation and can be used for personal health care as well as by your spouse and qualified domestic partner.
This new RHA medical benefit is in addition to the other medical, retirement benefits and travel privileges for which you are already eligible under VSP2 as well as under our CBA. If you have already applied for VSP2 (Option A) you will also receive the new RHA enhancement and no additional action is required on your part to have the RHA enhancement included with your benefits.
As we have previously reported, VSP2 is a company offered program that is intended to augment the contractually negotiated benefits provided for under our agreement. For those who are seriously considering retirement or an alternate career, we encourage you to look at your individualized VSP2 offering. Keep in mind, different employees have different program elements based on their individual status such as age (as it relates to retirement eligibility) and years of service. For this reason, you shouldn’t share your personal VSP2 message as it may not accurately represent the VSP2 benefits to which any other employee is entitled.
The application process for Option A only has been extended through 11:59 p.m. CT on July 8.
- If you applied by June 18 for either Option A or Option B, your last day worked is June 30.
- Apply between June 19 and July 8 for option A only, your last day worked is July 17. It is important to understand that enrollments, that is, accepted applications, may be limited due to operational considerations.