The management also had sought higher payments from the union for health care.
In effect, he notes, you get more coverage for those higher private payments.
It was never free, but required a high payment in the form of compromise.
If rates rose, the swap would cover the cost of the higher payments.
A provision of the new law continues the higher payments.
In 1970 five players went on strike before the season even began, demanding higher payments.
In 2011, highest payment for major interview was about £50,000.
The sums involved mean higher payments or taxes, and these have to last for a long time to come.
That means if the current rate is 7%, you would have to pay a much higher monthly payment.
This excess comes from current high payments by workers and their employers.