Stanford (Calif.) Hospital & Clinics and Lucile Packard Children's Hospital in Palo Alto, Calif., have reached a new three-year contract agreement with its employees represented by the SEIU United Healthcare Workers West union, according to a Stanford Hospital & Clinics news release.
The union represents 1,404 of the hospitals' 10,489 employees, the release said. Highlights of the new agreement include the following:
• A 7.5 percent wage increase over the duration of the contract.
• An increase of the matching rate for employees with 10 years of pension-eligible service from 4 percent to 5 percent.
• An expansion of the number of employees eligible to receive the Kaiser HMO health plan, or its replacement HMO plan, at no additional cost.
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The union represents 1,404 of the hospitals' 10,489 employees, the release said. Highlights of the new agreement include the following:
• A 7.5 percent wage increase over the duration of the contract.
• An increase of the matching rate for employees with 10 years of pension-eligible service from 4 percent to 5 percent.
• An expansion of the number of employees eligible to receive the Kaiser HMO health plan, or its replacement HMO plan, at no additional cost.
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