I received an email that the tuition reimbursement will be reducing from $5,250 per year to $3,000 per year. I looked in the IRS website and it still shows the max amount employers can pay out per year is $5,250. I saw no mention of it changing to $3,000 max per year. Anyone know anything about that? My guess is Cigna is cutting back on their own to make the executives pockets get fatter. SMH.
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This is more cost cutting. The annual Pulse survey (that only went to 40% of company btw) asked us to rank benefits and tuition reimbursement was one of them.
Since it isn’t the most widely used benefit and probably scored low on that survey, it is an easy thing for them to cut to have more profit in quarterly earnings.
The list of benefits they have taken away keep growing. I was hired as a remote worker prior to the pandemic and when I started I was full time WAH, Cigna paid for a business internet line, and I had a company cell phone. All of those have been taken away. And now the in office policy is taking away more flexibility. The way thing are going Cigna will want me to pay them for the honor of being an employee.
They have abandoned the Drive to 2025 Be an employer of choice goal. Sounds like Cordani is trying to Jack up share prices right before he retires and cashed out…and damned if he cares if a burning husk of a company is left in his wake.
Get out as soon as you can.
The email notifying us about the reduction said something like "We're excited to offer expanded opportunities...we're cutting it down to $3k."
They need more money for stock buy backs!
“Someone posted in here a while ago about wanting to go back for an MSc in a science field and was hoping Cigna would at least offset some of the cost but apparently, they only work with a handful of universities (many of them appear not to be the best either) and were forcing this person to go to noted scam profit mill at the University of Phoenix.“
This isn’t exactly true. Cigna only pays a couple of universities upfront. All other universities, you have to pay upfront and they will reimburse you once you submit proof of grades. I’m bummed the reimbursement is decreasing too tho, and this is following it already decreased from $12,000 a few years ago
That’s too bad. It used to be a really great benefit - I got my masters degree back in the 2010s from a state university and Cigna paid for all or almost all of it.
Someone posted in here a while ago about wanting to go back for an MSc in a science field and was hoping Cigna would at least offset some of the cost but apparently, they only work with a handful of universities (many of them appear not to be the best either) and were forcing this person to go to noted scam profit mill at the University of Phoenix.