Reference no: EM133205040
Benefits Costs
At the date of the Union's certification, County Beer Company had a very basic health plan that included prescription drugs, but no short-term disability (STD) or long-term disability (LTD) coverage. The cost of the insurance premiums for that basic plan is 1 percent of Annual Total Payroll Cost, which is paid by the employer (i.e., $1,208,480 x 0.01 = $12,084.80/year). The total cost of the benefits that appear in the template collective agreement, if adopted by Country Beer, would be as follows:
Dental insurance premiums 3 percent of payroll
Extended health plan (prescription, STD, LTD premiums) 3 percent of payroll
Pension plan contributions 6 percent of payroll
Life insurance premiums 2 percent of payroll
Q)Employees shall be entitled to the following benefits provided by way of an insurance policy taken out by the Employer. The premium cost of benefits will be paid for as follows:
- Extended health plan (premiums paid by Employer)
- Basic dental insurance plan (premium cost split 50/50 with employee)
- Life insurance (premium cost paid by
As per union
What is the opening proposal, target, fallback,
Justification of the position, rationale, strategy
Give me atleast 3 points for opening proposal, rationale and strategy