The Board’s Negotiating Committee and the NFT met last night for approximately two hours. Most, if not all, of the conversation centered on health care costs. The Board presented a cost savings proposal of self insuring our prescription plans, which our broker estimates will reduce our current costs $1.3 million next year, with similar savings in subsequent years. This would be an immediate savings with no impact on our employees. The Board cannot change this plan without NFT consent as any change would violate status quo.
The Negotiation Team did bring up the topic of employee contributions towards health care premiums, but there was little reaction or comment from the NFT in this regard.
The NFT offered no counter proposals last night.
Another negotiation meeting has been set for August 12th.
The positive news about this report is that the Board has identified potential savings to health care costs which won't have any negative impact on our employees.
On the not-so-positive side is the continued luke-warm reaction by the NFT towards employee health care contributions. I'm also baffled that the NFT had no counter offer last night. Considering that they cancelled the last meeting so that they had "more time to prepare", just what exactly did they need more time to prepare for?
Hopefully the August 12th session will bring more progress.