Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

socialindependocrat

(1,372 posts)
32. Every time my company made a change it was for their benefit
Sat Sep 29, 2012, 01:49 PM
Sep 2012

Retirement plans:
We changed from a noncontributory plan that we could not touch and could not transfer. They said - we don't want employees for a full career. I said no problem, just give us a portable pension plan. They said if we did that too many people would leave the company.
The pension was also end-weighted - meaning you gained 40% of your pension during your last 8 years of service.
Then they switched to the 401K - Now the new people can use the 401K for their pension. Say you accumulate $600K and you take $50K/year. Your money will last for 12 years. How long do you think you're going to live?
Medical Insurance:
They used to take more money from the employees to subsidize the insurance for the retirees. Then they saids the retirees use more insurance and they will pay their own premiums and the employees will not pay extra to go toward the retirees. The retirees paid more but did the employees rates get lowered? NOPE!

They cut general benefits over the years. Cut travel expences.

They gave nonexempt employees exempt status so the company wouldn't have to pay them overtime (You IT people know what I'm talking about!!)

They started deductables so we have to pay $850 per person before we collect from the insurance plan

and the give the CEO $7M in bonuses for doing such a good job

Who fights for the workers? NOT A DAMN SOUL

Elizabeth Warren would have but they blocked her from heading
her organization. Now why would "THEY" vote against protecting people when we elect them as a voice for "We The People"?

Obviously - "THEY" are not our voice!

SO, What do we elect them for?

So we can pay them $180K a year to screw us?

And the Repukes want to elect people who will give more money to the wealthy.

Dumb and dumber...

As predicted, & entirely predictable. K&R. And I'll guess what some of the fallout will be HiPointDem Sep 2012 #1
I figured this would happen. First B Calm Sep 2012 #2
I'd rather start with that second part myself n/t eridani Sep 2012 #3
Nothing good ever comes easy! B Calm Sep 2012 #5
Agree 100% n/t ChazII Sep 2012 #31
Ryancare coming early Amak8 Sep 2012 #4
Du rec. Nt xchrom Sep 2012 #6
we've been discussing this on a previous thread antigop Sep 2012 #7
I was mainly emphasizing the McCanne commentary n/t eridani Sep 2012 #9
and a lot of McCanne's points had already been brought up by DUers on that thread n/t antigop Sep 2012 #10
this is very badly titled and very misleading article graham4anything Sep 2012 #8
Well, the silver lining is that this might provide the impetus for a second round of reform. Selatius Sep 2012 #11
we can hope. That was sort of the idea Obama had to get it started graham4anything Sep 2012 #15
They'd be doing it regardless of ACA eridani Sep 2012 #13
It's from the Murdoch Journal Doctor_J Sep 2012 #16
I don't know about the other co., but Sears is in trouble financially, so that's probably what that Honeycombe8 Sep 2012 #12
It is exactly like a 401k--a switch from defined benefits to defined contribution eridani Sep 2012 #14
Large companies almost always find it cheaper to self-insure. Gormy Cuss Sep 2012 #25
kick Native Sep 2012 #17
Like every thing. The plan has pluses and minuses. bluestate10 Sep 2012 #18
$5k won't buy an ins policy for a year. Not a decent one. My state won't have exchanges... Honeycombe8 Sep 2012 #19
if the state opts out, the federal govt steps in and sets up the exchange. eom ellenfl Sep 2012 #34
I didn't realize that. I looked it up, and apparently that's true. Yay!!!! Honeycombe8 Sep 2012 #35
i'm looking for the exchanges to morph into single payor/medicare-for-all. ellenfl Sep 2012 #40
Where I work, three years ago when we were bought out, employees paid about $39 a week DainBramaged Sep 2012 #20
Why should jobs pay for people's health care in the way that it is currently given? glowing Sep 2012 #21
Divide and conquer. We need single payer. gulliver Sep 2012 #22
Yes we do. lonestarnot Sep 2012 #23
+1 leftstreet Sep 2012 #24
+1000 truebluegreen Sep 2012 #42
Yes. Healthcare should never be tied to employment. aquart Sep 2012 #46
One in ten businesses set to drop their health care coverage this year riderinthestorm Sep 2012 #26
You and I both. Zalatix Sep 2012 #45
it really is simple...medicare for all. madrchsod Sep 2012 #27
This isn't a bad thing. jeff47 Sep 2012 #28
Yeah so deliberately make things worse til it all collapses so you can rebuild? dkf Sep 2012 #30
Because it isn't making it worse. jeff47 Sep 2012 #33
"Because it isn't making it worse"? If you earn just $20K a year THIS RAISES YOUR living expenses by Zalatix Sep 2012 #44
If you earn $20k a year, you had absolutely no chance of buying health insurance before. jeff47 Sep 2012 #52
This was so obviously coming. Healthcare costs are out of control. dkf Sep 2012 #29
Agreed mick063 Sep 2012 #36
...and the existing regimen of cost-sharing/cost-avoidance has been a part of the problem bhikkhu Sep 2012 #38
Except employers are going to drop it faster than its going to change things. dkf Sep 2012 #48
Because of republicans we got ACA B Calm Sep 2012 #39
Yes, and we didn't even add a public option. Ridiculous. dkf Sep 2012 #50
Every time my company made a change it was for their benefit socialindependocrat Sep 2012 #32
This was happening before HCR. It is just continuing now. jwirr Sep 2012 #37
Two shit companies circling the drain n/t taught_me_patience Sep 2012 #41
I warned people about this, too. Zalatix Sep 2012 #43
Universal Health is on its way lovuian Sep 2012 #47
I see this as a good thing SmileyRose Sep 2012 #49
nothing new - they have been doing it for over 20 years with outsourcing 2Design Sep 2012 #51
I'm not even convinced an employer healthcare mutiny would be bad thing Sen. Walter Sobchak Sep 2012 #53
Latest Discussions»General Discussion»The nation's large self-i...»Reply #32