The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: the fruits of ObamaCare||Date: 10/9/2012 12:28 PM|
|Author: telegraph||Number: 647866 of 756917|
The magic number is 30. Less than 30 hours is 'not full time'...
"In an experiment apparently aimed at keeping down the cost of health-care reform, Orlando-based Darden Restaurants has stopped offering full-time schedules to many hourly workers in at least a few Olive Gardens, Red Lobsters and LongHorn Steakhouses.
In an emailed statement, Darden said staffing changes are "just one of the many things we are evaluating to help us address the cost implications health care reform will have on our business. There are still many unanswered questions regarding the health care regulations and we simply do not have enough information to make any decisions at this time."
Analysts say many other companies, including the White Castle hamburger chain, are considering employing fewer full-timers because of key features of the Affordable Care Act scheduled to go into effect in 2014. Under that law, large companies must provide affordable health insurance to employees working an average of at least 30 hours per week.
If they do not, the companies can face fines of up to $3,000 for each employee who then turns to an exchange — an online marketplace — for insurance.
YOu'll have even more folks pushed down into poverty as employers will only give them 29.5 hours of work a week to avoid the high cost of ObamaCare.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|