last fall, when the contract was approved, with a 1.3% raise for the year, several people thought it was a great deal. with that, we got to pay an additional 1% of our health premium. of course , it was pointed out how the 1% of premiums, would be less than 1.3% of salary. my $180 a pay period, times 26 pay periods a year, equals $4680. that being approximately, 1/4 the total premium of $18720. the 1.3% of $60k equals $780.
the catch, comes in with blue cross announcing a 63% increase in premiums next year. @ 63%, the increase on $18720, would be, $11893, or a total of $30513. our now 26% of that will become $7933., or $305 a pay period. keep in mind, cola raises don't include insurance in there calculations, so we're comparing a $780 raise, to a $7900 expense. if this all falls in line, we just had a 10% net salary cut.
the 63% figure came from talk radio, dave ramsey, based in tennessee. do our negotiating personal, get 100% of their health premiums covered? or are they just that incompetent?
the catch, comes in with blue cross announcing a 63% increase in premiums next year. @ 63%, the increase on $18720, would be, $11893, or a total of $30513. our now 26% of that will become $7933., or $305 a pay period. keep in mind, cola raises don't include insurance in there calculations, so we're comparing a $780 raise, to a $7900 expense. if this all falls in line, we just had a 10% net salary cut.
the 63% figure came from talk radio, dave ramsey, based in tennessee. do our negotiating personal, get 100% of their health premiums covered? or are they just that incompetent?