Decision 2004 said:
Bob,
What is the significance of the case of oranges?
An Insurance company is a profit making business. But here the cost of doing business is passed on to the locals, in other words the postage, printing and lost time to audit the seniority list and mail out liturature are absorbed by the locals. In 'appreciation" the local is sent a case of oranges. These savings should be reflected in lower rates, plus people who do not opt for the Insurance in effect are still paying some of the costs associated with the plan. I doubt that these costs are factored in when figuring Agency Fee Rebates but they should since this is a seperate enterprise of the Union that has nothing to do with contract enforcement.
Brokers recieve fees because of the expense and time used to sell policies, someone must be getting these brokers fees because with the price that we pay, considering how many people we have, we are not getting such a great deal. The insurance is very expensive, even more than our dues.The figures comparing what they take in and what they pay out appears to be a closely guarded secret.
The $750 we pay vs the fact that some AMFA represented members get it from the company really reflects at least another $1000 a year less that we make. In order to pay $750, after tax, we have to earn at least $1000. Thats another 2% less that we are making so the TWU can run their Insurance business.
Just another example of how the TWU exploits the members. Negotiate away benifits then sell Insurance to cover what they lost to them.
If you recall we recieved come ons for the latest TWU scam, STD, right after the TWU took away our 80 day IOD bank. Most people figured that they did not need STD because of the 80 day bank, sick time and the LTD they were already buying.
My guess is that the TWU realized they could not sell much STD with the 80 day bank so they got rid of it.
