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- Jul 17, 2011
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- Pharmacist
its canceled. bummer. all that for a pension? CVS pharmacists need to band together and strike to get more technician hours!!
I was told $100/hr.
Linked in is full of recruiters looking for it.
I was told that the pharmacists were offered a 20% raise in lieu of pensions, and they opted to take the raise (hence why so many kaiser pharmacists make $80-100/hr with seniority) - and now they're panicking that their pensions are gone.
If this is truly the case, I'm not all that sympathetic. For a 20% raise, you've got plenty of money to save. That would be an additional $30K/yr for me... More than twice what I'm saving now via 403b...
Kaiser told the pharmacist union that they are getting rid of the pension system for all of their workers. Didn't happen. Only pharmacists' pension got terminated. Doesn't make much sense right? Why would a Kaiser nurse get a pension while a Kaiser pharmacist doesn't? They all work for the same company!
I think this is an important event for all pharmacists, regardless if you work for Kaiser or not.
Kaiser told the pharmacist union that they are getting rid of the pension system for all of their workers. Didn't happen. Only pharmacists' pension got terminated. Doesn't make much sense right? Why would a Kaiser nurse get a pension while a Kaiser pharmacist doesn't? They all work for the same company!
I think this is an important event for all pharmacists, regardless if you work for Kaiser or not.
So you want pharmacists to be compared to nurses? Pharmacists are professionals who go to professional school.
Kaiser RPh make a min of 160k?! Even in California that seems insane!
Kaiser RPh make a min of 160k?! Even in California that seems insane!
Possibly June 2nd.
Take that with a grain of salt. They had agreed to drop the pension for a one time pay increase which was obviously a mistake.
Well, if it's true 20% raise, from 79/hr base right now, their pharmacists are now making $200k ($95/hr X 40h X 52 weeks), every single one of them. In the long term, the pension benefit will win out, but I can see why they say "OK, we gonna take the deal". Even if you don't get any pay raises for 10 years, getting +$35,000 raise NOW is no chump change.
Let me clarify they agreed to drop the pension for a pay raise 4 years ago. That is why their salary is high now and that is also why they are willing to take a pay cut to reinstate their pension.
35 k is a lot of money but when you take taxes into consideration, it is not as much as you think
28% federal tax + 9.3% California tax + 1.9% medicare tax = 39.2% (don't need to pay social security tax since they have already passed the limit)
So I can understand why they are fighting for the pension.
In addition, they need to pay union fee.
No pharmacist pays that tax rate. My effective tax rate last year after all deduction was 17% fed, 6.3% CA.
If someone were to get $35,000 raises, it could easily change their lifestyle.
35k X 75% (100 - (17% + 6% + 2%)) = $26,000 take home = a lot of money
That's an extra $2500 a month or $83/day extra you can spend. You don't have to brown bag your meals, eat out three times a day everyday, buy Star Bucks 2 times a day, subscribe to all the cable Channels out there, buy the latest phone, get a really nice house/apt, and buy a great used car every year for that kind of money.
That's not the effective rate BMBiology is quoting. That's the marginal rate, because when you are getting a pay raise, any extra money you earn is going to be taxed at the margin. So the 39% tax figure is accurate for that portion of the income in CA.
Exactly the point, marginal is misleading. The reality is no one pays 39% on that additional $35,000 because your deduction will eat the top bracket first - most of 35,000 (reduce it from 39% to around 25%). Any pay raise you get will be - your deduction (401k, HSA, property tax, mortgage interest) = reducing your highest margin rate.
I think you got it mixed up. You can't double dip on deductions. In addition the extra 35 k is not going to push you into a higher tax bracket.
Just calculate it online. Salary #1: 130 k and salary #2: 165 k. The difference in take home pay is not as much as you are calculating.
Confirmed the deets with a recruiter:
Compensation:
Outpatient Pharmacist: $120 per hour
Inpatient Pharmacist: $150 per hour
· $90 per diem for days worked and travel days
· $500 guaranteed payment for confirming a position and completing credentialing if the work stoppage is cancelled
· All transportation costs paid for or reimbursed
· Free housing
We are looking for candidates with:
· Must have CA License
· Must have 1 year outpatient or inpatient experience
They need to strike because that's how unions establish that they have power and companies have to care about them in the slightest.
Besides, it's hard to garner sympathy with the public (and Kaiser patients) for a strike, which is an important aspect of striking, when they learn you are earning over 3x the median income and in the top 1-2% for your profession.
So do you think you would be blacklisted from ever getting hired at Kaiser if you scabbed?...
So do you think you would be blacklisted from ever getting hired at Kaiser if you scabbed?...