- Destruction of our wage scale
- No step raises
- Decrease in Charge Pay for all new Charge or Relief Charge RNs
- Management ability to subcontract our jobs
- And many other takeaways
Our bargaining team is considering the hospital’s offer and reviewing the needs of our membership.
Management’s Healthcare Proposal
In addition to management’s previous proposal to freeze our wage scale, they also made a proposal Thursday that would allow them to pass on to us any amount of healthcare cost increases. Our current contract guarantees that our healthcare costs won’t go up.
Retirement Offer
The hospital offered us the Providence retirement package. It is a three-pronged program including:
New 401 (a) Service Plan
- Qualifications: 1,000 hours worked each year.
- Prior years of service at Tenet will count toward requirements.
- Employees hired after Providence assumed ownership will start at zero years of service.
No employee contribution
0 – 9 Years of service – 3% Providence contribution
10 – 14 Years of service – 5% Providence contribution
Over 15 Years of service – 6% Providence contribution
457 (b) Plan
If an employee maxes out on the contribution s/he makes to the Value Plan, there would be a 457(b) plan to which contributions could be made on a pre-tax basis.
403 (b) Value Plan
- Would replace our current plan..
- 0 – 4 Years of service – Providence contribution of 1.5% if you put in at least 3%
- 5 – 9 Years of service – Providence contribution of 2.25% if you put in at least 5%
- 10-plus Years of service – Providence contribution of 3% if you put in at least 6%
- All employees would be credited with zero years of service unless the employee worked at another Providence facility and contributed to retirement there.
Retirement was the highlight of our discussion on June 9. There are many more specifics regarding retirement to be considered. To learn more about the plans, go to https://R2r.providence.org .