Skip to comments.Heinz trims retiree health care contribution (Warren Buffet)
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 ...
Soon, he’ll be enrolled in The-Jelly-of-the-Month Club.
The gift that gives all year.
That was set in Chicago, though.
Isn’t that still better than 97% of retired non-govt employees?
“If you think health care’s expensive now, wait until you see what it costs when it’s free.” - PJ O’Rourke
Do you mean to tell me that there is NO”FREE LUNCH”?The WHOLE DemonRat Party is based on this RIDICULOUS PREMISE!!!!!!!!!
It used to be, but Buffet bought it.
oh! good ol’ Buffet, eh?
Burlington Northern Santa Fe Railroad
Wells Fargo Bank
and most importantly of all,
that Buffet, eh?
isn’t he some sort of Obama synchophat or suckup?
what’s he doing cutting back poor working poeple’s benefits?
One of warren’s outfits just “acquired” NVEnergy. Just wondering when the rate hikes will kick in.
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!?
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.
Is there a source for that? I saw Yakira’s compensation was more like $5M. Still, more than *I* made last year.
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...
Warren Buffett: bottom feeder de jour...............
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.
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.
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.
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
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.
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.