That fact that nothing has been released or leaked on 2020 Open Enrollment is likely not a good thing for us.
Last year, open enrollment information was very late, too. From what I heard, there was a strategy in place in the Spring to create new benefits and lower costs for younger employees in order to attract that ‘Tech Powerhouse’ talent that our leaders always talk about. Then, Carl’s ‘advisors’ got their hands on HR in Norwalk and the ‘strategy’ shifted to the lowest possible costs. Out went a tuition program, in came a change to annual 401K contributions versus by paycheck. For health insurance, the cost increase was paid for by employees and not Xerox. A friend confirmed some of this gossip by pointing out some differences with the Union contact in Webster that got approved just before Icahn got involved. I bet he was thrilled when he found out.
From what I have seen in the news, health insurance costs next year are expected to rise by 7% for employers. As Xerox is not getting any younger (in this job market, what college grad is going to come here with low pay, bad benefits, and neverending layoffs), I am expecting my premium to go up 10% to 15% for next year. Of course, that’s balanced out by my raise for doing 3 peoples’ jobs and making Carl richer, oh, wait, never mind…