Loyalty Is A 4-Letter Word

Now, more news of bosses screwing former employees. Shh... loyalty is a 4-letter word in corporate America.

The Employee Benefit Research Institute calls it “the ticking retirement time bomb.” Kaiser Family Foundation (KFF) President Drew Altman says employee-sponsored retiree coverage is going, going, gone thanks to sky rocketing costs. Nationally, retiree premiums this year cost 24-27 percent more than last year.

Lobbyist Jim Norby has remarked names like Boeing and IBM are telling retirees ‘don’t be too proud to beg.’ Just outside Philadelphia, Pennsylvania Power & Light (PP&L) is a top-traded stock, yet they’re slashing benefits.

Of 300+ corporations surveyed, 18 percent- including a fifth of the Fortune 500- say they’re planning for retirees to maintain company coverage, but shoulder 100 percent of cost, said a new KFF study. Another 11 percent plan to terminate ALL access to ANY health coverage for future retirees.

If that isn’t bad enough, corporations re-working retiree health plans on the eve of Bush’s Medicare Modernization Act (MMA) actually need to be told to educate former employees about these adjustments.

Bush’s MMA, which will include a prescription drug benefit starting in 2006, had caused many analysts to speculate employers would dump burdensome retiree healthcare costs in the government’s lap. Much of alternative media also wrote MMA was a pat on the back for corporate RNC contributors.

And conservatives said Kerry wanted to socialize health-care?

The KFF report concluded double-digit increases in retiree premiums continue to hasten the trend to employee cost burden. Duh.

“Given the complexity of the new law, educational efforts could help ease the transition for retirees as MMA is implemented,” the report said.

Nearly 30 percent of employers said they would NOT educate their people about coverage changes. A frequent contributor to online and print publications, Moore is best known for her massive collection of Tom Snyder quotes. "You know the two things I like best about Larry King? His face!" Visit her blog, updated semi-weekly, where she rips on Visa, why the world is the way it is, and other earth shattering topics.

Politics Factzone: The truth about Kim Jong Il Kim Jong Il, the leader of the free world, has decided to move on to more fertile grounds, leaving with us just the memories of 8-color rainbows, singing Korean women and couple of nuclear weapons. But who was this man whose next ambition would have been to get the next Nobel Peace prize? Here are just a few facts you should know about. more Top 5 Conspiracy Theories Related to John F. Kennedy's Assassination 26.Aug 2011 Since just after the assassination of John F. Kennedy, conspiracy theories abou...read ISRAEL KEEPING GHADDAFI AFLOAT 10.Mar 2011 ...read Glen Beck Is NOT the Anti-Christ! 10.Mar 2011 Hurtful and fiery rhetoric is now media’s default setting! This slippery and m...read Recipe for A REVOLUTION! (10 easy steps - try not to get burned!) 28.Feb 2011 Rebellion is cooking in the air. People are mad as hell, and not going to take...read THE ASSANGE CASE. CIA INTERFERED WITH SWEDISH LEGAL PROCESSES EXTREME RIGHT POLITICS A DANGER TO EUROPEAN UNITY THE AUSTRALIAN LABOR PARTY. OUT OF TOUCH, OUT OF FOCUS, OUT OF CREDIBILITY AND HOPEFULLY, OUT OF THE DOOR Opinion World governments charged with criminal negligence (in response to Megaupload case) EARTH (thecheers.org) - Federal authorities of the universe have charged the governments of all the countries in the world as well as the operators actually in power in these countries with operating a criminal enterprise, the Galaxy warriors announced Today. more The Great OSCARS 2011 – or so it would seem 5.Mar 2011 So, how exciting......a morning off, the Academy Awards. I wish I could say the...read Top 7 Expensive Bordellos. Prostitution: Shakedown, Tier Down, and Priced Out 31.Jan 2011 According to a report of the Washington DC-based US Department of State, The Ph...read The Great Secret and Reason for the JFK Assassination 11.Oct 2010 The great question is why the great secret? On June 4 1963, President Kennedy s...read Don't Do it! The 3 Worst Times to Get Tattoos 4.Oct 2010 As a general rule, tattoos gotten after 2 am are a bad idea. But in a bigger pi...read

Travel Travel Warning 13 September 2010 - DO NOT TRAVEL TO IRAN 13.Sep 2010 TRAVELWISE has been watching the situation in Iran for some months in relation ...read more TRAVELWISE TRAVEL ADVISORY 5th June 2010. DO NOT TRAVEL TO ISRAEL. 5.Jun 2010 Given the recent incident whereby the Israeli intelligence agency, Mossad, used...read TRAVELWISE. 16 APRIL 2010. EUROPEAN TRAVEL ALTERNATIVES 16.Apr 2010 Travelwise issues the following advice in relation to cancelled flights to, fro...read TRAVELWISE 6 APRIL 2010. AUSTRALIAN AIR TRAVEL. THE BEST WAYS TO TRAVEL BY AIR IN AUSTRALIA. 5.Apr 2010 Regular readers might have seen and read the various advisory and no-fly notice...read TRAVELWISE 2 APRIL 2010. QANTAS. 2.Apr 2010 Some concerns have been raised in relation to some of the maintenance practices...read Sport No Payoff From the Playoffs $16.50 will Get Anyone in the Hall Mr McGwire Stupid Athlete Tricks Technology Think Big! Think the World's Largest International Trade Show Top 9 cool laptop accessories for laptop geeks Twittering: I'm not that interesting Cheers Jesus' Answering Machine Brown Couch or twelve midgets in the town square How To Be Happy Drugged Out Saturday Nights Muslim Decapitation: Bad, or Simply Misunderstood?