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TT P r M Pag 6— Tim HoraM Journal Logan Utah Thursday July 2 1998’ ' Government says Workers I on paying high fees w WASHINGTON (AP) Workers whose retirement d ings are in I — sav- - company-sponsore- ll(k) plans are paying an t :M r increasing share of the cost of maintaining their accounts the government said Wednesday As a first step toward ensuing 401(k) accounts and how con- sumen can find out what’s being charged “Higher fees do depress earn- ings and eat away at a retirement nect egg " said Labor Secretary Alexis Herman The agency is also looking into whether the government needs to require more explicit disclosure of 401 (k) fees or take action to that workers — some of whom ' aren’t even aware of the fees — don’t get shortchanged fee Labor Department released a booklet enforce existing requirements explaining what kinds of costs that such charges be ’’reasonare typically deducted from' able” Hetman said fewet compames offer tra- difioosl pensions 401(k) savings have become important part oft pcopte'sretiwm jpUmiiag More than 25 million watoA have invested mom than SI tril- lion in 401(k) plans which allows them tp deduct mooey from their paychecks before taxes to invest Many employers partially match u worker contributions and may pick up 'some of the costs oft administering the accounts charged by investment fends AP photo Membere of fee IMted Auto Workers cany signs on fee picket Ina Metai Center in Flint Mich on Wednesday In front of fee gale at fee General Motors’ FM GM’s goals up against history of deep mistrust DETROIT (AP) — For General Motors Corp to reach its goal has been no sign of a pending settlement Some analysts expect the strikes to continue into August or experts say it needs to chimge fee reached the United Auto Workers may strike again elsewhere if GM fells to resolve several local contract disputes GM clearly is paying a high price for a longstanding culture of distrust between its executives and UAW leaders Labor relations at GM differ “It’s one characterized by arro- major problems for GM barely cause a UAW and GM none whatsoever that I’m aware of” Robin Pinkley a mediation and of becoming leaner and more competitive globally labor September And once a deal is way it deals with its biggest With GM’s North American production at a virtual standstill because of two parts plant strikes the world's No 1 automaker is forecasting its US sales will be down as much as 40 percent this month That could make it No 2 in sales behind Ford Motor Co for the first time in decades Nearly 172000 GM workers are idled because of fee strikes and the production loss in June alone cost the company an estimated $118 billion GM is looking at ways to resume production at up to 10 assembly plants in August if it can get enough parts from independent suppliers USA Today reported today quoting unidentified GM officials Such a move would enrage the UAW and coukl lead to additional strikes Talks were to resume today at twoparts plants in Flint but there Thun-derbi- rd g assembled the fee workers 2500 idling UAW did not object Instead the slow-sellin- two sides reached a deal in advance that provided workers with a $45000 bonus if they transferred to a Kentucky plant lain in vogue these days Managed care monsters are getting star billing in political campaigns across fee nation In Arizona a candidate announces his “patient protection act” flanked by a sick whose health plan won't provide all the care his doctor recommended In Georgia a politician makes this pitch: “If you can choose who changes the oil in your car you should be able to choose who delivers your baby” In Washington Democrats read a health-car- e honor story a day into the Congressional Record While some Republicans are latching on to the managed care issue too Democrats have been far more aggressive in casting HMOs as HMOgres “It's more contagious than fee flu It's everywhere” says Democratic consultant Dane Strother who has developed the issue for a number of gubernatorial and congressional candidates “ft's the single hottest Democratic issue and it's also the second-an-d issue” Democratic Party Chairman Roy Romer calls it “one of those gut issues that isn't hard to explain” It’s also one with third-hotte- st potentially broad appeal: Nearly 60 percent of all Americans get Tequesfa Ricochet1 T Avalanche negotiation expert at Southern Methodist University said GM and the UAW need to find a way to align their interests to avoid LTS rC 3000 ! costly strikes Historically when GM and the UAW get into a major contract that makes pickups dispute GM digs in and refuses GM's constant labor problems to compromise fee UAWjtrikcg stem in part from a traditional us - -and GM eventuallymei in dip management style sauL Jwid- Lvs-the- m Politicians looking to win votes by bashing ‘HMOgres’ WASHINGTON (AP) — Forget Godzilla there’s another vil- Backwoods Marick Masters a business professor at the University of Pittsburgh and author of “Unions at fee Crossroads” gance” Masters said Wednesday “General Motors and fee UAW have never had a dialogue Consequently there’s a great deal of miscommunication a great deal of mistrust and a great deal of uncertainty as to how to react” UAW President Stephen greatly from those at Ford and Yokich summed it up this way Chrysler Corp Ford has not had a after concluding the union's constrike in 12 years walkouts at vention last week in Las Vegas: Chrysler are infrequent and short no trust between the “There’s Issues that would create ripple at Ford When Ford last year closed its Ohio plant that Palomar health coverage through managed care programs Medical industry and business groups counter that most of those Americans are quite satisfied with their health plans thank you and don't want to see their costs go up because of new government restrictions They’ve started putting out a daily “medical miracle’' story to counter fee daily dose of doom from the Avalanche LE S 2000 the People A the Press identified HMOs as a “hot button" issue for 1998 Some 69 percent of voters thought the debate over HMO regulation was very important nationally and 60 percent said it was very important to them pep sonally Zaskar Democrats Still a poll earlier this month by fee Pew Research Center for ! 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