Originally Posted by
Sunvox
Someone posted an updated rumor:
5% retro to Dec 31, 2021
5% Jan '23
5% Jan '24
5% Jan' 25
No cost medical. (I assume that implies company will reimburse or straight up pay insurance premiums, but your guess is as good as mine.)
19% 401k contribution
No more FSB (airport standby)
Positive space commuting
No cost medical and 19% 401k fits in the category of untaxed improvements and makes the "package" roughly equal to a 10-12% pay raise first year.
If this is close to true I'd put my money on 70/30 pass with the majority of pre-merger hires saying no and the rest saying yes.
Valid points on the value of nontaxable improvements. Toss in the rumored 'me too' 5% kicker and it makes the raises a little less painful. Still won't keep up with inflation unless the Fed chokes the economy into a recession. Wal-mart and Target quarterly reports indicates that a lot of inflation is currently being eaten by retailers. That will eventually get passed on to consumers and will keep inflation elevated for a longer time. And of course tight oil supplies worldwide isn't helping get inflation under ccontrol.