Wednesday, July 13, 2011

As Kaiser Workers Face Cuts, Execs Have Enjoyed Lavish Benefits

As Kaiser Workers Face Cuts, Execs Have Enjoyed Lavish Benefits

Proposed cuts include freezing employees' defined-benefit pension plan and switching to a less desirable defined-contribution plan, according to a flier circulated by the National Union of Healthcare Workers. Workers are being asked to accept a more costly employee health insurance plan and cuts to their retirement health benefits, the union says.

While those cuts get debated, Kaiser executives have been living well. Pay and perks for high-ranking officials at the nonprofit have been generous in recent years, according to disclosure forms.

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