Well, most of the details. Except to inform us that the Dow Jones "goal" is to have employees eventually pay 25% of healthcare premiums, they were not able to say yesterday what those premiums will be, or what employees' share will be in 2017 — and they won't provide those projections until, perhaps, our contract bargaining meeting on July 5th.
(An aside to IAPE members in Canada — we have a good idea how much Dow Jones wants to charge you for your 2017 healthcare coverage. More on that, below.)
So, apart from learning the Company's stated goal in further shifting costs onto employees ("the industry standard is 25-30%," they say), the other important takeaway from yesterday's meeting was this: they only have healthcare plans in place for 2017. While we discussed the Company's assumption (they would say "conservative," we might say "faulty") that the excise tax component of the Affordable Care Act will take effect in 2020, the rest of yesterday's healthcare discussion revolved around plan design for next year, and next year only.
We began yesterday's meeting with a discussion of healthcare cost | More
Follow along as IAPE and Dow Jones negotiate collective agreements for our main bargaining unit, covering most Dow Jones locations across the United States and in Canada, and our production bargaining unit at the Dow Jones printing plant in Bowling Green, Ohio. Negotiations commenced in South Brunswick, NJ on June 14, 2016. Union and management bargaining proposals will be posted here as they become available. - More