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FedEx Freight | Dropping the bomb 2018

Driver do u think for a minute some lawyer guy for fedex is gonna walk into a terminal and tell these guys fedex wI'll negotiate that woday set off a fire stor for everyone else to vote yes now if they wanted that to happen they would not spend all this money fighting it THINK ABOUT IT
 
renegadebaileys said:
I'm calling bs on the fact you guys are arguably the #1 ltl carrier and have some of the lowest pay and worst benefits in the industry. I think yrcw has better pay and benefits and they are giving back 15% of their pay each week. Overnite's benefits from almost 10 yrs ago was better then what you guys have now.
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So YRC makes $27 an hour an $.69 a mile? Better head back to math class. Lies will never convince anyone. The truth is always better. One doesn't have to cover for the truth.

Guardrail
 
slavenomore said:
No comment on the threadstarter?
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Well sense you asked, I don't think any of us no what is going to happen. I think as far as insurance goes you would be better off to have the union insurance plan. At least with that you will have some idea of your costs, at least for the length of the contract with out unexpected jumps or changes. I still maintain that it's still a huge unknown.
 
bigdaddy300 said:
Driver do u think for a minute some lawyer guy for fedex is gonna walk into a terminal and tell these guys fedex wI'll negotiate that woday set off a fire stor for everyone else to vote yes now if they wanted that to happen they would not spend all this money fighting it THINK ABOUT IT
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What makes you think they wouldn't.
 
We need to find out what amount FedEx pays for each employee & family plan from any of these guys holding the meetings. I am trying to dig up info and will post what I have found below. Admittedly this stuff is quite complicated to digest/understand and making this a group effort could help straighten out all the facts. It looks like the "penalty" they talk about is an excise tax. So if I read it right FedEx will have to pay a tax if their part of our premiums exceed $10,200 & $27,500.

I found this from here.
Excise tax
Beginning in 2018, employer plans will pay a 40 percent tax on the amount by which the cost of the plan per enrollee exceeds a cap, initially set at $10,200 for single workers and $27,500 for families. (In theory, insurers or plan administrators pay the tax, which will presumably be passed through to the employer.) The initial cap may be higher if health costs rise faster than currently projected and the cap will be higher for plans covering retirees or workers in high risk occupations as well as for plans with a higher-than-average risk level (based on age and sex alone). The caps will increase annually,but only by the CPI-U plus 1 percentage point. Calculations of spending per enrollee will consider both employer and employee contributions to the plan, including employee contributions to flexible spending or health savings accounts.

Another company put together this FAQ for it's employees and it seems to explain it clearer. It provides some example but looks like it may be based on their company. I will quote this below as I can't seem to find this form and maybe others have one handy to help fill in the blanks for the premium paid by FedEx.
In advance of the 2018 effective date of the excise tax, beginning in 2011, employers will be required to give all workers
enrolled in the employer’s plan a statement, similar to a W‐2 tax form, which shows the total premium paid by both the
employer and worker in the previous year. For many workers, this will be a big shock; they may be aware of their share
of the premium, but few workers are aware of the full cost of the premium.
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Forbes states this:
Based on the plan size defined by the tax, in 2018, about 16% of employer-sponsored plans will be affected. However, if healthcare spending continues to exceed inflation, a greater percentage of plans will qualify as “Cadillac plans”—spending more than $10,200 per employee or $27,500 per family— each year. The tax is tied to the Consumer Price Index (CPI) +1% for the first 2 years of implementation but then just the CPI.
 
The Point said:
We need to find out what amount FedEx pays for each employee & family plan from any of these guys holding the meetings. I am trying to dig up info and will post what I have found below. Admittedly this stuff is quite complicated to digest/understand and making this a group effort could help straighten out all the facts. It looks like the "penalty" they talk about is an excise tax. So if I read it right FedEx will have to pay a tax if their part of our premiums exceed $10,200 & $27,500.

I found this from here.
Excise tax
Beginning in 2018, employer plans will pay a 40 percent tax on the amount by which the cost of the plan per enrollee exceeds a cap, initially set at $10,200 for single workers and $27,500 for families. (In theory, insurers or plan administrators pay the tax, which will presumably be passed through to the employer.) The initial cap may be higher if health costs rise faster than currently projected and the cap will be higher for plans covering retirees or workers in high risk occupations as well as for plans with a higher-than-average risk level (based on age and sex alone). The caps will increase annually,but only by the CPI-U plus 1 percentage point. Calculations of spending per enrollee will consider both employer and employee contributions to the plan, including employee contributions to flexible spending or health savings accounts.

Another company put together this FAQ for it's employees and it seems to explain it clearer. It provides some example but looks like it may be based on their company. I will quote this below as I can't seem to find this form and maybe others have one handy to help fill in the blanks for the premium paid by FedEx.


Forbes states this:
Based on the plan size defined by the tax, in 2018, about 16% of employer-sponsored plans will be affected. However, if healthcare spending continues to exceed inflation, a greater percentage of plans will qualify as “Cadillac plans”—spending more than $10,200 per employee or $27,500 per family— each year. The tax is tied to the Consumer Price Index (CPI) +1% for the first 2 years of implementation but then just the CPI.
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You should be getting those figures from FedEx yearly....
 
I don't remember ever seeing one of these statements. Not saying I didn't, just don't remember it. But you are right, I would like to know what the overall cost is.
 
The Point said:
We need to find out what amount FedEx pays for each employee & family plan from any of these guys holding the meetings. I am trying to dig up info and will post what I have found below. Admittedly this stuff is quite complicated to digest/understand and making this a group effort could help straighten out all the facts. It looks like the "penalty" they talk about is an excise tax. So if I read it right FedEx will have to pay a tax if their part of our premiums exceed $10,200 & $27,500.

I found this from here
Excise tax
Beginning in 2018, employer plans will pay a 40 percent tax on the amount by which the cost of the plan per enrollee exceeds a cap, initially set at $10,200 for single workers and $27,500 for families. (In theory, insurers or plan administrators pay the tax, which will presumably be passed through to the employer.) The initial cap may be higher if health costs rise faster than currently projected and the cap will be higher for plans covering retirees or workers in high risk occupations as well as for plans with a higher-than-average risk level (based on age and sex alone). The caps will increase annually,but only by the CPI-U plus 1 percentage point. Calculations of spending per enrollee will consider both employer and employee contributions to the plan, including employee contributions to flexible spending or health savings accounts.

Another company put together this FAQ for it's employees and it seems to explain it clearer. It provides some example but looks like it may be based on their company. I will quote this below as I can't seem to find this form and maybe others have one handy to help fill in the blanks for the premium paid by FedEx.


Forbes states this:
Based on the plan size defined by the tax, in 2018, about 16% of employer-sponsored plans will be affected. However, if healthcare spending continues to exceed inflation, a greater percentage of plans will qualify as “Cadillac plans”—spending more than $10,200 per employee or $27,500 per family— each year. The tax is tied to the Consumer Price Index (CPI) +1% for the first 2 years of implementation but then just the CPI.
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Some great info you found.
 
droppingaduece said:
I don't remember ever seeing one of these statements. Not saying I didn't, just don't remember it. But you are right, I would like to know what the overall cost is.
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Get in touch with your HR or benefits manager and they have to send you a copy.. It's their responsibility to disclose financial benefit payouts to all employees...
 
Guardrail said:
So YRC makes $27 an hour an $.69 a mile? Better head back to math class. Lies will never convince anyone. The truth is always better. One doesn't have to cover for the truth.

Guardrail
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YRCW also has completely paid Healthcare. How much does fxf guys pay per week for healthcare?
 
The Point said:
We need to find out what amount FedEx pays for each employee & family plan from any of these guys holding the meetings. I am trying to dig up info and will post what I have found below. Admittedly this stuff is quite complicated to digest/understand and making this a group effort could help straighten out all the facts. It looks like the "penalty" they talk about is an excise tax. So if I read it right FedEx will have to pay a tax if their part of our premiums exceed $10,200 & $27,500.

I found this from here.
Excise tax
Beginning in 2018, employer plans will pay a 40 percent tax on the amount by which the cost of the plan per enrollee exceeds a cap, initially set at $10,200 for single workers and $27,500 for families. (In theory, insurers or plan administrators pay the tax, which will presumably be passed through to the employer.) The initial cap may be higher if health costs rise faster than currently projected and the cap will be higher for plans covering retirees or workers in high risk occupations as well as for plans with a higher-than-average risk level (based on age and sex alone). The caps will increase annually,but only by the CPI-U plus 1 percentage point. Calculations of spending per enrollee will consider both employer and employee contributions to the plan, including employee contributions to flexible spending or health savings accounts.

Another company put together this FAQ for it's employees and it seems to explain it clearer. It provides some example but looks like it may be based on their company. I will quote this below as I can't seem to find this form and maybe others have one handy to help fill in the blanks for the premium paid by FedEx.


Forbes states this:
Based on the plan size defined by the tax, in 2018, about 16% of employer-sponsored plans will be affected. However, if healthcare spending continues to exceed inflation, a greater percentage of plans will qualify as “Cadillac plans”—spending more than $10,200 per employee or $27,500 per family— each year. The tax is tied to the Consumer Price Index (CPI) +1% for the first 2 years of implementation but then just the CPI.
Click to expand...

If I remember correctly the teamsters health plan is exempt from those limits and taxes. there is an article in Washington post don't know how to bring it over that confirms this called the 60 billion dollar payoff
 
droppingaduece said:
I don't remember ever seeing one of these statements. Not saying I didn't, just don't remember it. But you are right, I would like to know what the overall cost is.
Click to expand...

I believe the fact that FedEx is actually self insured, plays heavily into this discussion. They Pay cigna/blue cross, whoever, to administer the plan. Again, they pay for cingna, for administration, not for insurance.

Not positive but it seems that these rules are significantly different, and much less stringent for the self insured. FedEx may very well be taking advantage of the mandate, to their advantage, despite not being directly effected by the law. It will take some research to uncover the truth.

FedEx is self insured in each facet of their operation. They are most certainly insured for extreme high liabilities through the "reinsurance industry". Not sure if reinsurance applies or even exists for healthcare... Again more research than I have time for at the moment...
 
ABROWNSTAIN said:
If I remember correctly the teamsters health plan is exempt from those limits and taxes. there is an article in Washington post don't know how to bring it over that confirms this called the 60 billion dollar payoff
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Absolutely true, until (at least) 2016, I think. Only question is, will exemption be extended?
 
slavenomore said:
You can close your eyes and cover your ears and hide under the blankey....but the Thunder and Lightning doesn't go away.
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I'm anything but hiding under my blankey. So your telling me that if we vote the union in that our retirement and health benefit's will be better???????????????. NO you can't.............. Your blowing smoke up everybody's skirt. That things will be all sugar and spice with rainbows at all the terminal's. YOU CAN"T guarantee us squat.. It's all up to what is negotiated. And if you think FXF is just going to roll over and give in You better take another hit of your bong. They will drag this out for YEARS.
 
Black dog Mafia said:
I'm anything but hiding under my blankey. So your telling me that if we vote the union in that our retirement and health benefit's will be better???????????????. NO you can't.............. Your blowing smoke up everybody's skirt. That things will be all sugar and spice with rainbows at all the terminal's. YOU CAN"T guarantee us squat.. It's all up to what is negotiated. And if you think FXF is just going to roll over and give in You better take another hit of your bong. They will drag this out for YEARS.
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They may drag it out but you're saying that you'd prefer to roll over because there's no instant gratification for you? If that's what you seek, take your ass to a mcdonalds drive thru. Heaven forbid someone have the gall to stand their ground and put in some time for the benefit of many, looking long term.
 
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