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Big 3 Could save over $125 Million by Eliminating Same-Sex BenefitsBy apackof2, Section News
Hundreds of United Auto Workers locals have converged at the Marriott Hotel in the Renaissance Center this morning...
Louis Aguilar
Detroit News DETROIT -- Hundreds of United Auto Workers locals have converged at the Marriott Hotel in the Renaissance Center this morning, and many are prepared to be asked by top UAW leaders to reopen national labor agreements that will allow for a vast overhaul of the way autoworkers are paid, the health and retiree benefits they receive, and determine how many will hold on to their jobs. The local leaders said it was unclear if they were going to vote today on reopening, which is the first step toward a general vote for its 139,000 active workers. But on Tuesday, each of the Detroit automakers made it clear they intend to reopen the 2007 labor agreements..... They could save some $$ by eliminating benefits to partners of same-sex couple. Anyone discussing that??
The Big Three automakers -- DaimlerChrysler,, General Motors and Ford Motor -- announced in June that they would offer health benefits to the same-sex partners of their 466,000 hourly and salaried employees in the United States. This was a ''landmark move'' in the effort by corporate America to provide such benefits for gay and lesbian couples, the report concluded. I could not find much on the cost of providing these benefits however A 2005 Hewitt Associates study revealed that a majority of employers experience a total benefits cost increase of less than 1 percent. Several studies have shown that enrollment rates tend to be in the 1 percent to 2 percent range. For Example: 2% of 446,000 is over 93,000 93,000 @ $395 for health care for active workers and $950 for retirees. Equals for active workers $36,735.000.00 and for retirees $88,350.000.00 Total $125,085.000.00 Eliminating same sex couple partner benefits is an over 25 million savings to GM. So if we are going to talk about eliminating benefits for actual employees...
Big 3 Could save over $125 Million by Eliminating Same-Sex Benefits | 16 comments (16 topical, 0 hidden)
Big 3 Could save over $125 Million by Eliminating Same-Sex Benefits | 16 comments (16 topical, 0 hidden)
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