Newco Fact Sheet - Saint Joseph Hospital

EMPLOYEE Q&A
7. Will there be layoffs?
It is too early to tell what impact our merger will have on staffing, but we do not
expect the staffing levels to change right away. We will work to match staffing to the
number of patients we are seeing and will efficiently provide support services for
patient care and other functions.
We expect new opportunities and roles to emerge and it is important to our success
that we have the right talent in our new organization. We will communicate with
employees frequently, to share news of changes and how those changes may
impact staffing.
8. Will my pay stay the same?
There will be no immediate effect on the base pay for each job description and pay
category. Human resources leaders will evaluate the existing multiple pay structures
and develop a single compensation philosophy and pay structures that reflect each
business unit and local labor market conditions.
9. Will my medical benefits change?
The benefits you learned about and signed up for during open enrollment in fall 2011
will remain the same in 2012.
Bringing together so many employees with a wide variety of benefits and plans from
two organizations is complicated. Our leaders are committed to providing competitive
and just compensation, benefits and other HR programs for all employees.
Please contact your HR office with any questions you have about benefits.
10. How will my retirement benefits be affected by the merger?
Your retirement benefits will remain the same for 2012.
A special note for SJHS employees enrolled in the CHI 457(b) Plan: There will be no
changes to the plan design, eligibility or administration for this plan. However,
because of the merger, we need to create a new SJHS 457(b) plan. Because of this,
we will not be able to take salary deferrals from the time of close, like 457(b)
deferrals, until the new plan is up and running. SJHS employees with an account
balance in the 457(b) plan will receive special communications.
11. Will I have to reapply for my job?
The vast majority of employees will see no immediate changes to their jobs as we
begin KentuckyOne Health. Once we look at integrating services, we will develop
policies and procedures to fill roles.
12. Do I get to keep my years of service if my job changes?
Yes. Your years of service with your current employer before the KentuckyOne
Health effective date will count toward your eligibility and accrual level of certain
benefits (for example, paid time off accrual and benefits/retirement programs
eligibility) going forward. If your position is eliminated and you are offered a new
position within KentuckyOne Health, your years of service with the organization will
roll over to your new position.
February 7, 2012 2