Originally Posted by
pinseeker
In November it will be 9 years since everyone 53 and older got a lump sum to help cover retirement medical insurance. That means that guys between 62 and 65 have already received help. Are you saying they need another 25k to help them out the door?
Really? That's what you get out his post?
Once again...The original idea was to negotiate that 25k into each subsequent contract. But, due to our shortsightedness on the bridge contract... we have a group that were not 53 on January 01, 2007, but are now of retirement age(60). Their choice is to retire now and cough up the entire pre-medicare insurance cost from their own pockets, stay until 65 or hope that we can negotiate the benefit back into our contract and remove another impediment to leaving prior to age 65.
I know, I know...But, many got the money and stayed anyway!! Do we know how many more would have stayed until 65, had they not received the 25K? No.
Hopefully, we can write a pro-rated benefit into the contract to preclude those from taking it and staying until 65 anyway.