It has been an enlightening experience to learn about the perks that auto workers take for granted. The news conference with details of the proposed contract with GM on March 8, 2009 provided me with information that I never had before.
The "copay" idea for health benefits, for example! As a retired teacher who stayed home to raise her children, I have a small pension based on nineteen years of teaching (the first three were part-time). I am presently paying 10% of my gross annual pension for drug and extended health care coverage. The premium I pay does NOT include dental coverage. I didn't think I could afford the extra $100 a month for dental coverage that in reality provides only 50% coverage.
But as I listened to the news conference, I learned that the pensioned auto workers had total health care benefits provided completely by their former employer. I also understand that the workers also have a complete and free package of health benefits! I don't know whether this amazing coverage is based on a group plan with an insurer, or whether it is completely financed by GM.
The head of CAW apologized to the pensioners, saying that they have the best record for looking after their pensioners! How true! I would love to only pay $15 a month for a complete benefits package!
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