CVS Health announced Thursday it would boost starting wages for employees and increase other benefits, citing tax-reform legislation that gave the company a $1.5 billion tax break.
Effective April 2018, the starting wage for hourly employees will increase to $11 an hour from $9 an hour.
Pay ranges and rates for other employees, including front-of-store associates and retail pharmacy technicians, will also be adjusted later in the year, the company said.
Additionally, CVS Health will not increase premiums for the 100,000 employees participating in the company-sponsored health plan for the 2018-2019 plan year.
Read more at The Hill.