General Discussion
In reply to the discussion: The nation's large self-insured employers are beginning to abandon their health benefit programs [View all]socialindependocrat
(1,372 posts)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...