2.0
Jan 11, 2009
Recommend
CEO approval
Business Outlook
Pros
(1)Job security re. not outsourcing outside U.S., (2) pay, (3)Unionized, (4) Benefits as active employee
Cons
(1) Unequal treatment of salaried retirees vs. represented retirees under 65 insurance premiums (2) A 30+yr, represented retirees 2009 HMO monthly insurance premiums for Kaiser Permanente-$551, Aetna-$993, Cigna-$1370, BCBS-$1647 vs salaried retiree BCBS-$610 (3) Represented retirees monthly insurance premiums in 2001 Cigna-$54, BCBS-$93, (4) 2437% increase Cigna in 8 yrs, 1671% increase BCBS in 8 years (5) Federal govt. reimburses LM what they pay for benefits via "allowable expenses"
