The RI Hospital UNAP Executive Board urges you to REJECT the Lifespan giveback proposals at the
Emergency Membership Meetings
Wednesday, March 25
8:15 AM & 1:00, 4:30, 6:30 & 8:15 PM
Crowne Plaza • Salon 4 & 5 • Warwick
On Wednesday, March 18, Lifespan announced wage & benefit “takeaways” for all non-union employees, and asked the UNAP to agree to similar givebacks, including
- eliminate the 4% raise that is due this July 1
- reduce the cap on vacation accruals from two years to one year
- decrease tuition assistance and CEU reimbursement
- eliminate per diem bonuses
- eliminate service credits
- eliminate tuition remission for new grads
Because we have a Union contract, we are under NO obligation to agree to these changes.
The RI Hospital UNAP Executive Board unanimously recommends that our members REJECT Lifespan’s proposal because Lifespan is financially healthy.
- Lifespan made over $300 million in profits in the past five years.*
- Lifespan’s net worth has grown over $600 million in the past five years.*
- Lifespan’s endowment is worth $1.1 billion (as of June 30, 2008).*
- Lifespan recently received Standard & Poor’s highest bond rating (AAA).*
- Lifespan’s CEO received a 220% increase in pay and benefits in the past five years. *
(from $1.3 million in FY 2002 to $2.9 million in FY2007)*
- Lifespan gave large bonuses to all senior executives this past December.
* Note: All figures come from Lifespan annual reports (www.lifespan.org/about/reports/annual), IRS-990 forms, and other Lifespan publications.
The final decision to accept or reject Lifespan’s proposal is up to you.
Please join us at the membership meetings and let your voice be heard!