fw : netco benefit rate projections urgh ! - - - - - original message - - - - - from : donnelly , john l [ hr ] [ mailto : john . l . donnelly @ ssmb . com ] sent : monday , january 07 , 2002 10 : 38 am to : oxley , david subject : re : netco benefit rate projections we have asked our benfits folks to work on better comparisons , however , we don ' t like to make exceptions on benefits , we have people across the street in houston etc , like to keep benefits the same across citigroup and have pay ( cash and equity ) be the delta between business groups . - - - - - original message - - - - - from : oxley , david [ mailto : david . oxley @ enron . com ] sent : monday , january 07 , 2002 10 : 15 am to : donnelly , john l [ hr ] cc : cash , michelle ; davies , neil ; rahaim , christian ; kitchen , louise subject : fw : netco benefit rate projections john , the more i look at these comparisons , the more i ' m convinced we have to agree an interim subsidy to let folks down gently and / or a salary adjustment . i think we will lose a very high number of people from this transaction if we don ' t make some accommodation here . i ' ll call you later today to discuss . i also need to touch base with you on your salary comment . i need to clarify what you mean by salary freeze . i understood you were ok with us promoting a few people ( 50 or so ) in next 4 / 6 weeks ( so long as we run list passed you first ) and in this regard i would expect to adjust their salaries . we have traditionally raised commercial support salaries ( below vp ) in line with cola ( based on performance but typically around 3 - 4 . 5 % of payroll ) each january and there certainly will be some expectations we will have to deal with . regards david - - - - - original message - - - - - from : jarrett , anthony sent : monday , january 07 , 2002 8 : 22 am to : davies , neil ; slone , jeanie cc : oxley , david ; rahaim , christian ; fitzpatrick , amy ; cash , michelle subject : netco benefit rate projections attached below is an excel workbook containing benefits projections for 2002 . the first tab contains enron rates including flex dollars , the 2 nd tab is citigroup rates conservative estimate , and the 3 rd tab is citigroup rates maxing out the life and ad jarrett , anthony cc : davies , neil ; cash , michelle subject : fw : netco - benefits comparison i sent him back a reply saying , as a minimum , if we see " hardship " for the less than $ 100 k base people , we will want to raise their salaries 3 - 5 % . david - - - - - original message - - - - - from : donnelly , john l [ hr ] [ mailto : john . l . donnelly @ ssmb . com ] sent : friday , january 04 , 2002 4 : 48 pm to : oxley , david subject : re : netco - benefits comparison we have this issue in every deal we do , the benefit coverage is good overall , but employees pay more for the coverage . it ' s income based which mitigates impact to lower paid and we find higher paid focus on total comp and not benefits . benefits are the one thing we keep the same for all of citigroup and we don ' t want to do anything with subsidy or anything else . happy to discuss futher how we market overall comp . and ben . philosphy to deal with the benefits . - - - - - original message - - - - - from : oxley , david [ mailto : david . oxley @ enron . com ] sent : friday , january 04 , 2002 2 : 46 pm to : donnelly , john l [ hr ] cc : cash , michelle ; rahaim , christian subject : fw : netco - benefits comparison > > john , i am worried about comparison between your and our benefits costs . perhaps you could review and let me know if you agree we have a problem . my recommendation is that we consider a subsidy or payrise for our people who may otherwise suffer a hardship in meeting the additional costs of your medical / dental premiums . david > - - - - - original message - - - - - > from : jarrett , anthony > sent : friday , january 04 , 2002 1 : 35 pm > to : oxley , david > cc : davies , neil ; slone , jeanie ; fitzpatrick , amy ; rahaim , christian > subject : re : netco - benefits comparison > > your correct on the costs . i will be in a meeting most of the afternoon today , but i should be able to have you a spreadsheet on monday showing some different scenarios on how netco employees paychecks would be affected paying for their own benefits based on their salary range and coverage tier ( employee only , employee spouse , employee slone , jeanie ; fitzpatrick , amy ; rahaim , christian > subject : re : netco - benefits comparison > > tony , > > i ' m not sure if i read this correctly but seems to me medical costs are significantly higher under citi groups arrangements . i ' ve asked neil and jeanie to work with you to illustrate if they are . i may need to get them to subsidise for first 12 months the difference , if i can prove some hardship . > - - - - - original message - - - - - > from : jarrett , anthony > sent : wednesday , january 02 , 2002 5 : 45 pm > to : oxley , david ; davies , neil ; slone , jeanie ; fitzpatrick , amy ; wheeler , terrie ; schultea , kathryn ; rahaim , christian ; oquinn , kari ; clyatt , julie ; philpott , charles > cc : joyce , mary ; barrow , cynthia ; jones , robert w . - hr exec ; cash , michelle > subject : netco - benefits comparison > > david , below is an initial draft of our current benefit plans compared to ssmb ' s plans . the main difference is employee ' s for ssmb pay for benefits out of pocket instead of having flexdollars cover a portion of the cost . > > > > > > thanks , tony > > > this e - mail is the property of enron corp . and / or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient ( s ) . any review , use , distribution or disclosure by others is strictly prohibited . if you are not the intended recipient ( or authorized to receive for the recipient ) , please contact the sender or reply to enron corp . at enron . messaging . administration @ enron . com and delete all copies of the message . this e - mail ( and any attachments hereto ) are not intended to be an offer ( or an acceptance ) and do not create or evidence a binding and enforceable contract between enron corp . ( or any of its affiliates ) and the intended recipient or any other party , and may not be relied on by anyone as the basis of a contract by estoppel or otherwise . thank you .