Originally Posted by
Tuck
VEBA is the worst - VEBA and the HSAs that is. VEBA cost was $43M and the HSAs were a bit more than that. Believe that was the single highest expenditure in this contract for something new (i.e. not counting COLA on pay raises or retro pay). Cost of the B fund for 3 years is about $25M. So there you have it - good use of negotiating capital on a fixed contract?
Someone explain to me how this contract was not hugely slighted towards senior and old guys.