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Heinz trims retiree health care contribution (Warren Buffet)
Pittsburgh Post-Gazette ^ | 12-23-13 | Teresa F. Lindeman

Posted on 12/24/2013 1:22:29 PM PST by dynachrome

Add Arnold Waldo of Carrick to the list of people disappointed with recent changes being made at the H.J. Heinz Co.

Mr. Waldo, 82, who retired from the Pittsburgh food company in 1985, received a letter in late November notifying him that Heinz was reducing its contribution to a retiree reimbursement account used to cover certain medical expenses, such as co-pays for doctor visits and health insurance premiums.

"Beginning in 2014, Heinz will contribute $1,093 per year, per household to your RRA," the letter dated Nov. 21 said.

The cut, not the first to the retiree benefit, takes the level that Heinz is contributing to the account down from $3,500 per year, Mr Waldo said.

(Excerpt) Read more at post-gazette.com ...


TOPICS: Business/Economy; News/Current Events; US: Pennsylvania
KEYWORDS: buffet; heinz; obamacare; pennsylvania
But, isn't healthcare free now?/s
1 posted on 12/24/2013 1:22:29 PM PST by dynachrome
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To: dynachrome

Soon, he’ll be enrolled in The-Jelly-of-the-Month Club.

The gift that gives all year.

That was set in Chicago, though.


2 posted on 12/24/2013 1:26:32 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: dynachrome

Isn’t that still better than 97% of retired non-govt employees?


3 posted on 12/24/2013 1:29:04 PM PST by nascarnation (Wish everyone see a "Gay Kwanzaa")
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To: dynachrome
And the Heinz door will totally slam shut at the end of 2014, just about count on it.
4 posted on 12/24/2013 1:36:40 PM PST by The Cajun (Sarah Palin, Mark Levin, Ted Cruz, Mike Lee, Louie Gohmert......Nuff said.)
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To: dynachrome

“If you think health care’s expensive now, wait until you see what it costs when it’s free.” - PJ O’Rourke


5 posted on 12/24/2013 1:41:43 PM PST by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: dynachrome

Kerry’s company?


6 posted on 12/24/2013 1:44:58 PM PST by faithhopecharity
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To: dynachrome

Do you mean to tell me that there is NO”FREE LUNCH”?The WHOLE DemonRat Party is based on this RIDICULOUS PREMISE!!!!!!!!!


7 posted on 12/24/2013 1:54:51 PM PST by bandleader
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To: faithhopecharity

It used to be, but Buffet bought it.


8 posted on 12/24/2013 1:55:10 PM PST by dynachrome (Vertrou in God en die Mauser)
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To: dynachrome

oh! good ol’ Buffet, eh?

Burlington Northern Santa Fe Railroad
Wells Fargo Bank
and most importantly of all,
See’s Candies

that Buffet, eh?

ha!
isn’t he some sort of Obama synchophat or suckup?
what’s he doing cutting back poor working poeple’s benefits?


9 posted on 12/24/2013 2:05:14 PM PST by faithhopecharity
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To: faithhopecharity

One of warren’s outfits just “acquired” NVEnergy. Just wondering when the rate hikes will kick in.


10 posted on 12/24/2013 2:10:08 PM PST by rktman (Under my plan(scheme), the price of EVERYTHING will necessarily skyrocket! Period.)
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To: rktman

NV Energy CEO Yakira has just been announced to receive wages of $24,000,000 next year.
Must be damned hard to run a monopoly company that is protected from any meaningful competition by the state of Nevada!?


11 posted on 12/24/2013 2:16:29 PM PST by faithhopecharity
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To: faithhopecharity

In the spirit of giving, he’ll probably give most of it away. NOT! How the heck can anyone survive on such meager wages?

Merry Christmas and “Happy, happy, happy”* New Year.

*So says Phil.


12 posted on 12/24/2013 2:20:03 PM PST by rktman (Under my plan(scheme), the price of EVERYTHING will necessarily skyrocket! Period.)
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To: faithhopecharity

Is there a source for that? I saw Yakira’s compensation was more like $5M. Still, more than *I* made last year.


13 posted on 12/24/2013 2:27:33 PM PST by EDINVA
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To: dynachrome

Just don’t let this happens to government employees at all levels...They earned it and they tell all their are guaranteed it, regardless if those in the private sector are going broke paying for it.

So pay up...


14 posted on 12/24/2013 2:33:38 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: faithhopecharity

Warren Buffett: bottom feeder de jour...............


15 posted on 12/24/2013 3:32:17 PM PST by topspinr
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To: topspinr

Warren avoids taxes with his insurance companies and cuts employee benefits at the other end. He’s a regular man of the people like all Democrats. The myth that he’s some kind of miraculous investor needs to die.


16 posted on 12/24/2013 3:40:30 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: EDINVA

http://www.bloomberg.com/news/2013-12-20/nv-energy-ceo-yackira-to-get-24-million-next-year.html


17 posted on 12/24/2013 4:20:26 PM PST by faithhopecharity
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To: dynachrome
One problem is not mentioned in this article.

Mr.Waldo retired at age 54.

Multiply that number times tens of thousands of other workers, and you no longer have a retirement plan.

You have a Ponzi scheme.

18 posted on 12/24/2013 4:25:36 PM PST by zeestephen
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To: faithhopecharity

Ok, thanks, but that’s not his “wages for next year.” The vast bulk is stock options and retirement. Probably not out of the ordinary for an exec operating at that level. It’s about half what Tom Hanks makes per movie.


19 posted on 12/24/2013 4:41:14 PM PST by EDINVA
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To: EDINVA

ok. well it all cashes at the bank
so i would accept it
if the state of nevada public service commission raised everyone’s rates to give it to me, that is


20 posted on 12/24/2013 4:58:10 PM PST by faithhopecharity
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To: dynachrome
"Beginning in 2014, Heinz will contribute $1,093 per year, per household to your RRA," the letter dated Nov. 21 said.

That says the company is paying the Medicare Part B premium for a guy who hasn't worked for them for 20 years. Not too bad, IMHO.

I retired from a company much bigger than Heinz with a very nice pension. But after age 65, they pay zero for medical benifits. I'm on my own for that. Medicare Part B and C is out of my pocket.

21 posted on 12/24/2013 6:17:57 PM PST by Ditto
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To: dynachrome

Just got my 2015 we’re changing things notice. Time for little to no insurance for this old man. End of life, end of health insurance. Not the deal I signed up for those many years ago.


22 posted on 12/24/2013 7:13:08 PM PST by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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