CT-Based Cigna Announces $16/Hr. Minimum Wage Thanks to GOP Tax Bill, No Thanks to CT DemsFebruary 2, 2018
Another Connecticut-based company is giving employees raises and new benefits, all because of a tax bill that every single Connecticut Democrat in Congress voted against.
On Wednesday, Connecticut-based health insurer Cigna announced it will raise its minimum wage to $16 an hour, all thanks to the GOP tax bill that passed Congress and was signed by the president in December.
Cigna wrote in a press release:
Effective today, Cigna is establishing a minimum wage across its U.S. employee base of $16 an hour, substantially exceeding the national minimum wage in the United States as well as the hourly rate paid at many global corporations.
Cigna will also provide salary increases above the $16 an hour level, largely to front line employees. These investments in employee wages will total more than $15 million.
Additionally, Cigna is adding $30 million to its 401(k) program to match an additional one percent of employee compensation contributed to the 401(k) in 2018. This match will benefit the retirement accounts of over 30,000 employees.
Cigna employees in Connecticut can thank GOP members of Congress and the current administration for pushing tax cuts through late last year.
Who can’t the Cigna employees in Connecticut thank? Their representatives in Congress. Sens. Richard Blumenthal (D-Conn.) and Chris Murphy (D-Conn.), and Reps. John Larson (D-Conn.), Joe Courtney (D-Conn.), Rosa DeLauro (D-Conn.), Jim Himes (D-Conn.), and Elizabeth Esty (D-Conn.) all voted against the tax bill.
Earlier in January, Webster Bank, with thousands of employees in Connecticut, announced it was raising its minimum wage to $15 an hour thanks to the tax bill.
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