Do any of you non-Union guys get your insurance or retirement paid 100% by you employer? Or do you have to pay it from your on-the-check wage, which maybe paid as extra for these two things? How does it work? Just asking. I need your :.02:.
Non-Union compensation.
MechanicallyInclined
1 - 20 of 36 Posts
Joined
·
524 Posts
Do any of you non-Union guys get your insurance or retirement paid 100% by you employer? Or do you have to pay it from your on-the-check wage, which maybe paid as extra for these two things? How does it work? Just asking. I need your :.02:.
Joined
·
236 Posts
I have seen non-union employers pay for 100% of the insurance. I don't have Insurance from my employer because my wife has better insurance. I make more than I did in the union with 100% match for 401k.
Joined
·
13,950 Posts
Sounds like you did well.
How much % do they match?
Or should i ask 100% of how much % of your pay?
How much % do they match?
Or should i ask 100% of how much % of your pay?
I would expect the answer to that question to be as random as names of service companies. Many owners themselves have on idea of what is fair, and how to setup a good plan. To complicate things, many insurers use language that only someone who has been denied can understand. you never get to know insurance lingo better than when you are fighting for coverage. I would venture to say that if you put ten plans side by side, they would have at least eight different coverages. Its just reality. Then look at how plans are setup, payroll deduction, health savings plans, where you save for the ability to pay deductibles,( but if you dont use it, they take it away) each year, instead of getting a big hit on a single claim. Its really all over the place. some pay a part, some pay none, some pay all. its craziness.
Retirement is another animal. many have 401 k with maybe some form of matching funds. Again, the rules are complicated, so smaller companies will be all over the place. I know, as I looked into it for me. I have found that even "modern" 401 k has some drawbacks, and for me, a roth is best solution above and beyond the union plans which I am part of still.
I honestly think it is intentional, whereby insurers try to confuse small business owners to take advantage. comparing plans is nearly impossible for the average joe.
Retirement is another animal. many have 401 k with maybe some form of matching funds. Again, the rules are complicated, so smaller companies will be all over the place. I know, as I looked into it for me. I have found that even "modern" 401 k has some drawbacks, and for me, a roth is best solution above and beyond the union plans which I am part of still.
I honestly think it is intentional, whereby insurers try to confuse small business owners to take advantage. comparing plans is nearly impossible for the average joe.
Joined
·
236 Posts
match up to 3400 a year.
Joined
·
13,950 Posts
That seems good .
I have some friends here that they match 3,4,5%.
Not much of a retirement!
I have some friends here that they match 3,4,5%.
Not much of a retirement!
Joined
·
1,680 Posts
Non union. They pay all my supplemental health benefits and a dollar per hour to an RRSP (Canadian 401k)
Joined
·
236 Posts
I don't trust any single retirement non-union or union.
Joined
·
524 Posts
The guys here from TBS say that IR brought their retirement down to 6%. Like the quote says not much of a retirement.
I told these guys the signatories here contribute $6.90/Hr. - split between two pensions. It seems like I'm speaking in tongues to these guys!
Back to the subject, do any non-Union guys receive an amount, let's say $5/Hr., not on-the-check in retirement?!
Joined
·
27,059 Posts
In a previous life I worked at a non union shop for 8 years. I paid 50% of my healthcare and 100% for my son. As far as retirement, I walked away with something like 12grand in ESOP. 8 grand after the gubmint got there share. That comes to about a dollar an hour for the length of my employment.
Joined
·
524 Posts
What does the % equal in USD cost? Our Health & Welfare cost just went up to $7.50/Hr. This figure seems astronomical, but the signatories pay it all. Nothing comes out of my pocket for it. Don't forget though, the H&W covers all dependents and pre-existing conditions plus has $1M per person coverage!!
Joined
·
13,950 Posts
Joined
·
524 Posts
I meant the non-Union guys. They keep mentioning %, but amount? SR and TBS, would've cost me, not the employer, about $185/Wk. Now that's beyond astronomical. One might say it's not about the money, but then it's about the total compensation.
Joined
·
883 Posts
im non union i pay 85 a week and it includes my health,dental,401k they math my 4 % cant give a dollar amont cuse it changes depending on hours worked. company gives me 250 bucks a year to buy tools. 2 weeks vacation plus sick time i think a few days a year. i also have my dissability included in that 85 a week. my health insurance is for me my wife and two kids. i think i got it pretty good. my previous employer was 250 a week for health insurance for my family with none of the other benifits.most small shops just dont have the buying power to give good rates. i would personally never work for a small shop again because they never give decent benifits if at all.
Joined
·
524 Posts
So if you make $1500/Wk, do they give $60 toward your retirement?
Joined
·
13,950 Posts
Thats $93,000 after 30 years!!
Better than nothin
Buy yourself a retirement corvette!
Better than nothin
Buy yourself a retirement corvette!
Joined
·
524 Posts
$397,440 in 30 years working UA in AZ. That's w/o anything out of my pocket. I'm trying to see the big picture, but I can't yet. Maybe it's like that new KFC commercial, big's the new lil. So maybe that's why I can't see it.
Joined
·
13,950 Posts
our pension is the equivalent of 100 bucks per two thousand hours worked. So, thirty years at 2000 hours, pension would be three grand per month. of course guys chase the overtime, so those numbers grow. in additon, 6 bucks per hour into a seperate annuity. thats 12k per year without overrtime. in thirty years with no interest, thats 360k. our healthcae is closer to eleven bucks an hour including retiree supplement. base pay is 46.50/hr.
1 - 20 of 36 Posts
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
