Trader Joe’s Nixes Benefits for Part-time Employees

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Say it ain't so, Joe. Photo: Trader Joe's

The (aggressively?) upbeat crew members at Trader Joe's will have less reason to smile after the Affordable Care Act kicks in: TJ's CEO Dan Bane reportedly announced in a memo that the company will cease benefits for part-time employees once Obamacare takes effect.

The company has offered benefits to workers who log fewer than 30 hours per week, but now TJ's will instead simply offer those employees a one-time $500 credit. According to HuffPo, Bane wrote in the memo, "Depending on income you may earn outside of Trader Joe's we believe that with the $500 from Trader Joe's and the tax credits available under the ACA, many of you should be able to obtain health care coverage at very little if any net cost to you."

So, TJ's part-timers, now you know: Your health benefits shouldn't cost you any more, provided you have a second job. Maybe you should take a side gig at Starbucks?

Trader Joe's To Drop Health Coverage For Part-Time Workers Under Obamacare: Memo [HuffPo via TPM]

Related: Starbucks CEO Wont Cut Benefits in Advance of Affordable Care Act