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New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

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Carlisle Professionals: Do Not Let Job Loss Ruin Your Livelihood

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Healthcare Provider Update: Healthcare Provider for Carlisle: Aetna Carlisle's medical plans are administered by Aetna, offering a variety of coverage options to suit the needs of employees and their families. These plans provide comprehensive benefits, including preventive care and prescription drug coverage, with options such as high-deductible plans paired with Health Savings Accounts (HSAs) to help manage costs effectively. Potential Healthcare Cost Increases in 2026: In 2026, healthcare costs are expected to surge significantly due to a combination of factors, including the likely expiration of enhanced federal subsidies and ongoing inflation in medical expenses. Many states face premium hikes soaring upwards of 60%, pushing average out-of-pocket costs for consumers potentially over 75%. With insurers forecasting a medical trend increase of around 7-10%, and the top insurers posting substantial profits, consumers could be left grappling with higher premiums and reduced access to affordable healthcare options. Consequently, strategic planning for medical expenses has never been more critical for individuals and families navigating this challenging landscape. Click here to learn more

In the ever-evolving corporate landscape, experiencing a job displacement is not uncommon. The ramifications of such an event are manifold, impacting not only one's financial position but also their emotional and physical well-being. For high-achieving Carlisle professionals, this experience can be particularly jarring. While some may view it as an opportunity for a new beginning, others may find the experience deeply unsettling.

Emotional and Physical Manifestations

One cannot underestimate the myriad of emotional responses that accompany job displacement:

Emotional Responses  : These might range from initial shock and disbelief to more profound feelings like anxiety, irritability, anger, and frustration. As the reality sinks in, emotions like sadness, fear, feelings of worthlessness, and a loss of self-esteem might also emerge. Shame is another by-product, especially for those who equate their professional standing with personal worth.

Physical Responses  : The emotional turmoil often manifests physically. Common symptoms include fatigue, frequent headaches, significant weight fluctuations, disturbances in sleep patterns, gastrointestinal distress, muscle pain, and even nausea.

These responses, although distressing, are quite normal given the circumstances. However, understanding how to navigate them can pave the way for a more resilient comeback.

Strategies for Navigating Job Displacement

1.   Foster Strong Bonds  : Maintain open channels of communication with friends and family. Sharing one's feelings and concerns not only alleviates stress but also provides a platform for understanding and empathy.

2.   Prioritize Physical Well-being  : As the adage goes, a healthy body houses a healthy mind. Regular exercise serves as a powerful counter to stress. Moreover, mindful eating and adequate sleep are paramount in maintaining one's overall health.

3.   Self-compassion  : Engage in activities that foster relaxation and well-being. Whether it's a leisurely stroll, a comforting bath, meditation, prayer, or enjoying music, these actions can serve as a balm for the stressed mind.

4.   The Power of Writing  : Documenting one's journey, thoughts, and emotions can be therapeutic. It can be through journaling, letter-writing, or even simple list-making. This process can offer clarity and a sense of direction.

5.   Maintain an Optimistic Mindset  : Being mindful of one's inner dialogue is crucial. Counter negative self-talk with positive affirmations. Remember, the course of life is replete with ups and downs. Holding onto hope and envisioning a brighter future can propel one forward. It's vital to internalize that adversities are transient – 'this too shall pass'.

Consulting Professional Aid

Job displacement can trigger prolonged feelings of anxiety and depression, leading to disruptions in daily life, including sleep and leisure activities. Recognizing and addressing these emotions is vital.

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Should these feelings intensify or linger, consulting a medical or mental health professional might be prudent. Given the strain job displacement can exert on personal relationships, seeking counseling might offer beneficial perspectives and coping strategies.

In conclusion, while job displacement can be a challenging episode in one's life, it is essential to remember that it's a phase, not a permanence. With the right tools and mindset, one can not only navigate this period but also emerge stronger, more resilient, and prepared for the next chapter of their professional journey.

An additional consideration for those nearing or in Carlisle retirement is the potential impact of layoffs on one's financial security. According to a study by the Urban Institute in 2020, older workers, specifically those aged 50 and above, are less likely to regain employment after a job loss compared to their younger counterparts, which can have significant implications for retirement planning. The emotional toll of this realization is profound, as concerns about financial stability in the golden years come to the fore. To mitigate these feelings, it's imperative to reassess and possibly recalibrate retirement plans, ensuring that emotional well-being is aligned with financial preparedness.

Navigating the emotional aftermath of a layoff is akin to steering a ship through turbulent waters after decades of smooth sailing. Just as an experienced captain leans on his knowledge, instruments, and crew to weather the storm and find calm seas again, a seasoned Carlisle professional can rely on emotional coping strategies, financial recalibrations, and supportive networks to traverse the challenges of job displacement, ensuring a safe and fulfilling journey into the horizon of Carlisle retirement.

What is the Carlisle 401(k) Savings Plan?

The Carlisle 401(k) Savings Plan is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax or Roth after-tax basis.

How does Carlisle match contributions to the 401(k) plan?

Carlisle offers a matching contribution to the 401(k) plan, which typically matches a percentage of the employee's contributions, up to a certain limit.

When can I enroll in the Carlisle 401(k) Savings Plan?

Employees can enroll in the Carlisle 401(k) Savings Plan during their initial onboarding period or during the annual open enrollment period.

What are the eligibility requirements for the Carlisle 401(k) Savings Plan?

To be eligible for the Carlisle 401(k) Savings Plan, employees must meet certain criteria, including age and length of service, as specified in the plan documents.

Can I take a loan from my Carlisle 401(k) account?

Yes, Carlisle allows employees to take loans from their 401(k) accounts under certain conditions, as outlined in the plan's loan policy.

What investment options are available in the Carlisle 401(k) Savings Plan?

The Carlisle 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

How can I change my contribution percentage to the Carlisle 401(k) plan?

Employees can change their contribution percentage to the Carlisle 401(k) plan by accessing the plan's online portal or contacting the HR department.

What happens to my Carlisle 401(k) account if I leave the company?

If you leave Carlisle, you have several options for your 401(k) account, including rolling it over to an IRA, transferring it to a new employer's plan, or cashing it out.

Does Carlisle offer any educational resources for 401(k) participants?

Yes, Carlisle provides educational resources and tools to help employees understand their 401(k) options and make informed investment decisions.

How often can I change my investment allocations in the Carlisle 401(k) plan?

Employees can change their investment allocations in the Carlisle 401(k) plan at any time, subject to the plan's trading policies.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Carlisle Companies offers its employees the Carlisle, LLC Employee Incentive Savings Plan (CEISP), a comprehensive retirement savings plan. The CEISP allows employees to contribute between 1% and 50% of their eligible pay on a pretax, Roth, or after-tax basis, with annual contribution limits of $23,000 for those under 50 and $30,000 for those 50 and older in 2024. Employees are automatically enrolled at a 3% deferral election if they don't opt out. The plan offers immediate 100% vesting on both employee and employer contributions, making all funds fully owned by the participant from the start. Carlisle’s 401(k) plan includes a company match of 100% on the first 3% contributed and 50% on the next 2%, making it a beneficial program for long-term financial planning.
Restructuring Layoffs: Carlisle Companies have been navigating various financial adjustments and structural changes in 2023 and 2024. They have announced strategic acquisitions and share repurchases, alongside continuous dividend increases to stabilize their financial standing and enhance shareholder value.
Carlisle Companies' Stock Options and RSUs 2022 In 2022, Carlisle Companies (NYSE: CSL) issued a broad-based stock option grant to employees, which marked the third such grant in the last 12 years. The goal of these grants was to provide significant incentives for employees to achieve long-term company objectives. The stock options are available to a wide range of employees, promoting a sense of ownership and alignment with the company’s success (source: Carlisle Companies’ 2022 Employee Stock Option Grant Announcement, page 1). 2023 In 2023, Carlisle continued its practice of offering stock options and RSUs to its employees. The RSUs are part of the company’s long-term incentive plan, designed to retain key employees and align their interests with shareholders. RSUs vest over a specified period, typically requiring continued employment with the company (source: Carlisle Companies’ Third Quarter Results Report, page 3). 2024 For 2024, Carlisle has maintained its commitment to employee equity compensation by offering both stock options and RSUs. The latest offerings include performance-based RSUs that vest based on the company achieving specific financial targets. These are available to managerial and executive-level employees, ensuring that key decision-makers have a vested interest in the company’s long-term performance (source: Carlisle Companies’ Fourth Quarter Results Report, page 4).
Carlisle Companies provides a comprehensive and industry-leading health benefits package to its employees, focusing on holistic wellness and financial security. The benefits include medical, dental, and vision coverage, as well as health savings accounts (HSAs) and flexible spending accounts (FSAs) to help manage healthcare costs. Additionally, Carlisle offers wellness programs that promote physical and mental health, including fitness incentives, stress management resources, and preventive care initiatives​ (Carlisle ESG Data Center)​ (Carlisle). In 2023, Carlisle emphasized sustainability in its operations, which includes the health and safety of its employees. The company's initiatives are detailed in their Corporate Sustainability Report, highlighting their commitment to reducing emissions and waste, and improving energy efficiency, which indirectly supports a healthier work environment​ (Carlisle). Key healthcare-related terms and acronyms used by Carlisle include: HSA (Health Savings Account): A tax-advantaged account used to pay for eligible medical expenses. FSA (Flexible Spending Account): Allows employees to set aside pre-tax dollars for healthcare expenses. LEED (Leadership in Energy and Environmental Design): A certification for environmentally friendly buildings, which aligns with Carlisle's focus on creating healthier workspaces​ (Carlisle ESG Data Center)​ (Carlisle). Recent news affecting Carlisle includes their progress towards sustainability goals, such as reducing Scope 1 & 2 emissions by over 21% and Scope 3 emissions by over 12% from their 2021 base year. These efforts reflect Carlisle's broader commitment to employee well-being through a healthier and more sustainable work environment​
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For more information you can reach the plan administrator for Carlisle at 16430 N. Scottsdale Rd. Scottsdale, AZ 85254; or by calling them at +1 480-781-5000.

https://www.carlisle.com/investors/news/press-release-details/2024/Carlisle-Companies-to-Announce-Second-Quarter-2024-Results-on-July-24-2024/default.aspx https://www.carlisle.com/investors/news https://carlislebenefits.com/Money/Retirement-Savings https://careers.carlisleconstructionmaterials.com/benefits/ https://www.kiplinger.com/ https://www.emparion.com/ https://am.gs.com/ https://esgdatacenter.carlisle.com/gri-data-center-detail/default.aspx https://www.carlislebenefits.com/ https://carlsoncap.com/articles/nua-net-unrealized-appreciation/ https://www.fidelity.com/learning-center/personal-finance/retirement/company-stock https://www.newretirement.com/retirement/net-unrealized-appreciation-nua-tax-smart-company-stock-rollover/ https://www.mercer.com/ https://www.milliman.com/ https://www.nextgen-wealth.com/ https://www.livewell.com/ https://www.foxrothschild.com/ https://www.kirkland.com/news/press-release/2024/01/kirkland-advises-carlisle-companies-on-sale-of-carlisle-interconnect-technologies https://www.techopedia.com/tech-layoffs-predictions https://www.fastcompany.com/91140449/here-2024s-growing-list-u-s-layoffs-by-sector https://www.challengergray.com/tags/job-cut-report/ https://intellizence.com/insights/layoff-downsizing/leading-companies-announcing-layoffs-and-hiring-freezes/ https://contracts.justia.com/companies/carlisle-companies-inc-242/contract/780782/

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