Have you noticed the new premium for medical ? it has gone up more than 40% but they said in email that only 3% will be increased?
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im starting to wonder weather accepting a citi job that requires relocation is worth the risk in the current environment.
theres a discussion on r/citibank about a vp candidate being quoted $166k for a nyc role after several months of interviews. the person was preparing to move accross the country with a wife, a newborn and another child, only for the hiring process to stall before a writen offer was issued.
what caught my attention were some of the replies.
one commenter said they actualy joined citi shortly after having a child and were let go only a few months later. fortunately they found another banking job quickly.
another person said they knew a vp who recieved a relocation package but left citi after seven months and had to repay it.
that second part is something i hadnt thought much about. imagine moving your entire family to nyc, signing a lease, paying moving expenses, and then either getting laid off or discovering the job isnt what you expected. depending on the relocation agreement, you might even owe money back if you leave.
im curious weather citis relocation packages have repayment clauses and what happens if the company eliminates your position during the first year.
would anyone hear relocate for citi right now? and for those hired in the last 12 months, how secure do you legaly feel?
If you want to use this for a specific forum or post, let me know if you need to adjust the length or want to add more specific questions about citi's repayment clauses.
@hd I am not full of it. Citi charges insurance coverage based on total compensation. My total compensation is over 300k so I had to pay a lot. I almost switched to insurance on the open market because it was so much.
Read the room, Sparky.
my Family NY Aetna HMO was $10 over 2026. I dropped vision, net flat.
You probably got put into a new Pay band after accounting for total compensation. From what I recall the bands are 50k 75k 100k 150k 200k and then 500K
The insurance at Citi su-ks. I pay $1365 a month just for the medical insurance. This does not include vision or dental. The same insurance through my wife’s new employer is going to be $235 a month for family of 4.
Citi’s system of charging by total compensation is cr-p.
insurance premium paid depends on your payroll. 30% increase in premium happened in 2024 because at the end of 2022 almost everyone got pay raise (mtm adjustment), and most of us were kicked into the upper pay range.
This should not be a surprise because Citi is run by liars. Period. From Jane all the way down to your nearest C14. Soul-less back stabbers
What does this have to do with layoffs?