CVS Health: Federal tax overhaul prompts wage, benefit increases for employees

CVS HEALTH HAS announced it will share $425 million in tax savings with its employees through wage increases, health and family leave benefits. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
CVS HEALTH HAS announced it will share $425 million in tax savings with its employees through wage increases, health and family leave benefits. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
WOONSOCKET – CVS Health has announced three employee wage and benefit improvement programs totaling $425 million annually to share with employees tax savings created by the federal tax overhaul. Effective April 2018, the company will increase the starting wage rate for hourly employees to $11 an hour, up $2 from the current average rate for CVS cashiers at…

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