Tuesday, December 06, 2005

Fast forward 10 years, most companies will have dropped defined pension plans and health insurance benefits for their employees. For one, pension fund insurance will be skyrocketing as the government has to increase fees to healthy funds to pay for bad funds they've acquired in the bankruptcy binge recently.

Also, health insurance never showed the great bargain gains expected in "group" buys. Any person can go out and buy a major medical insurance policy ... for very little more than the group policy at work. This policy stays in effect no matter where they work. This policy stays in effect at the emoployees choice. It's good policy for employees and freedom of choice.

Verizon has frozen pension expansion and health care will be reduced

The commentators, especially the big government types, will say "Verizon will never be able to recruit employees". Hogwash. Employees are wanting freedome, mobility, home technologies, and empowerment ... not benefits that allow them to be controlled by others.

No comments: