Re:Former IBM exec says company told her to hide layoff age ...
by Spooky23 on Saturday January 19, 2019 @01:12PM
(#18948291)
Colleagues who were old school “bleed blue” types had low copay PPO plans, pensions and other fringe benefits. Benefits were probably 30-35% of salary.
[ Parent
| on HN ]
Re:Former IBM exec says company told her to hide layoff age ...
by malandrew on Saturday January 19, 2019 @02:16PM
(#18948647)
Companies of this size also self-insure with the insurance company providing management. This means that having an older workforce means the company's insurance costs are much higher. Corporate self-insurance is the reason many companies invest in wellness plans, as they offset the costs of insuring less healthy employees.