The Erstwhile Conservative: A Blog of Repentance

An article published last month on Remapping Debate points out what may become a trend among American employers:

Beginning next month, Sears and Darden — the latter of which owns several restaurant chains, including Olive Garden and Red Lobster — will cease to offer defined benefits in which the employer, as part of its compensation package, provides employees with a set of health insurance benefits and continues to offer those benefits even when the employer’s costs for insurance rises.  Instead, they will implement a defined contribution model, in which the companies will offer employees a fixed annual sum — like a voucher — that they can use to buy insurance for themselves and their families.

A voucher? Sound familiar?

Along with this monumental change comes what the writers of the article term a “large-scale marketing campaign,” designed, of course, to sell a very undesirable modification of “the multi-generational compact between management and…

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