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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Geoff Altman who wrote (9521)	6/20/2006 2:24:38 PM
From: Oral Roberts	Read Replies (1) \| Respond to of 71588

Well one example would be this, presently I pay 6.37 per hour to their pension. Now at 1600 hours they are considered to have put in a year of work. After 1600 hours they are building their next year of pension. Fine so far but the most they can accumulate is 30 years in the pension. So my guys that work full time year round for the most part work around 2000 hours. So after 24 years of working for me they will accumulate no more pension though they will still pay into it for each and every hour they work. That money just goes to the union with 0 benefit to the guy who's having the benefit paid in his name and remember we are talking about a guy who is only 43 years old. So I think I could put together a considerably better pension for them and save myself money at the same time. Health insurance now is costing them another 5.77 per hour and it's not very good coverage anymore. I pay for our office people and the other owner 375 per month average for major medical with 3000 dollar deductible and 6000 per family with 100% pay after that point. I then gave everyone a 500 per month raise that I then withhold and fund into their medical savings account. If that money isn't used after a year it's just rolled over and I will add 6000 more the next year and so on and so on. If they die it's an inheritable asset. They get to medicare age and it's rolled over and turns into an IRA. I could do the same thing for the guys in the shop which is obviously worlds beyond what they have now and cut my insurance bill in half. That is my vision of what would happen if I didn't have to deal with the Sheetmetal Workers. And that is just a few thoughts off the top of my head.