How the PHI Program from Project Blue Could Resolve the Dockworkers' Strike: Financial Solutions and Real-World Benefits

As a Tax Incentive Consultant with Good Fortune , I’ve seen firsthand how the PHI (Preventative Health Initiative) Program from Project Blue can solve financial and operational challenges during labor negotiations, especially in critical situations like the ongoing dockworkers' strike. Let’s break down how PHI benefits both dockworkers and employers with real financial examples and practical applications that could bring negotiations to a close.

1. Wage Increases Without Direct Costs

Dockworkers are pushing for wage increases, but the financial strain on employers is significant. Here's how PHI can help both sides:

• - PHI provides $1,500 in Preventative Health Benefits per employee and $500 in FICA tax reductions for employers.
• - For 45,000 dockworkers, that means:
• - $67.5 million annually in preventative health benefits for employees.
• - $22.5 million in FICA tax savings for employers (approximately $1.875 million monthly).

Real-World Use Case:

Employers can redirect the $22.5 million in annual tax savings to offset wage increases while offering improved health benefits to workers without additional payroll costs. Workers get immediate, tangible benefits while negotiations continue.

2. Job Security Through Benefits (Cash Value Life Insurance)

Dockworkers worried about automation can find security in $1,500 annual cash deposits into a cash value life insurance policy with a $100,000 face value.

Financial Impact Example:

• - Over 10 years with a 3% guaranteed interest rate:
• - Monthly growth: ~$143.67.
• - Annually: $1,500 contributions + $45 in interest.
• - 10 years: ~$17,195.
• - 20 years: ~$34,573.

Real-World Use Case:

If dock workers face layoffs or injuries, they can access tax-free cash reserves from the policy. For instance, if laid off for 6 months, they can withdraw $12,000 tax-free to cover living expenses like rent, utilities, and groceries. No repayment is necessary, giving them a financial safety net.

3. Improving Health & Safety for the Entire Household

PHI provides $13,800 per employee in Preventative Health Benefits, addressing the need for better healthcare and safety provisions. One of the most significant aspects of these benefits is that they extend beyond the worker. Access to these preventative health services is available to everyone in the household, including extended family members. So, if a dockworker's brother-in-law is down on his luck and his children get sick, they too can access these health benefits at no additional charge.

Financial Impact Example:

• - Monthly: ~$1,150 in healthcare services.
• - Annually: $13,800 in healthcare benefits.
• - 10 years: $138,000.
• - 20 years: $276,000.

Real-World Use Case:

Workers not only get access to free annual health screenings, reducing absenteeism and health-related issues, but they can also support extended family members in times of need. For example, if your brother-in-law’s child is sick, the entire family can access healthcare benefits, ensuring no one gets left behind. This reduces the emotional and financial burden on the dockworker and promotes overall household well-being.

4. Cost-Neutral Employee Benefits

The PHI Tax Incentive program enables employers to provide substantial benefits to their employees without bearing any additional costs. Employers can offer $1,500 annually in preventative health benefits and cash deposits into whole life insurance policies without reducing wages or increasing operational expenses. The program is designed to be fully funded by government incentives, covering the costs of compliance, administration, and enrollment. Employers enjoy the added advantage of offering attractive benefits that improve employee retention and satisfaction, while reaping FICA tax savings of $500 per employee. This combination allows businesses to enhance their compensation packages, improve workforce loyalty, and reduce turnover, all without impacting the company’s financial health.

Financial Impact Example:

• - For 45,000 workers, employers save $22.5 million annually in FICA taxes and provide $67.5 million in preventative health benefits—all at no cost.

Real-World Use Case:

These savings allow employers to retain talent and maintain profitability, even while offering competitive benefit packages. Employees see value in improved compensation, reducing the risk of strikes and high turnover.

5. Quick Implementation During Negotiations

The PHI program can be implemented in 30 days or less, showing good faith during ongoing negotiations. This "done-for-you system" is designed to handle dozens of companies with a combined workforce of up to 500,000 employees in 30 days or less. This quick turnaround not only reduces the administrative burden for employers but also builds trust between both parties, demonstrating immediate action and commitment to resolving the strike.

Financial Impact Example:

• - $500 per employee in FICA tax savings monthly:
• - For 45,000 workers, that’s $1.875 million per month.
• - Over 6 months, that adds up to $11.25 million in savings for employers.

Real-World Use Case:

Employers can start offering tangible benefits during negotiations, showing commitment to worker well-being. The fast, smooth implementation creates trust between both sides, fostering positive momentum in the negotiations and increasing the likelihood of reaching an agreement.

6. Offsetting Wage Erosion and Long-Term Security

In addition to the negotiated 62% wage increase, the PHI Tax Incentive program offers workers a significant boost to their financial security through $1,500 annual deposits into a cash value life insurance policy. This benefit is more than just a safety net—it's an investment in their future. With a guaranteed 3% interest rate, these deposits grow steadily over time, offering workers access to a valuable cash reserve that can be tapped into for emergencies, such as during layoffs or injury recovery. Unlike traditional loans or credit, this cash value can be accessed tax-free, without the burden of repayment, providing much-needed flexibility and financial peace of mind. Over a span of 10 or 20 years, these deposits can accumulate into a significant financial asset, ensuring long-term security for workers and their families, enhancing the overall compensation package, and protecting against future wage erosion caused by inflation or economic downturns.

Financial Impact Example:

• - Monthly growth: ~$143.67.
• - Annually: $1,545 (with interest).
• - 6 years: ~$10,776.
• - 10 years: ~$17,195.
• - 20 years: ~$34,573.

Real-World Use Case:

Workers can access tax-free cash during hard times—whether laid off or recovering from an injury. For example, during a 3-month layoff, they could withdraw $9,000 from the policy to cover living costs like rent, utility bills, or medical expenses, all without the burden of paying it back.

Total Financial Impact for Dockworkers:

• - Monthly: ~$1,150 in preventative health benefits and ~$143.67 in life insurance policy growth.
• - Annually: $13,800 in healthcare services and ~$1,545 in life insurance growth.
• - 10 Years: ~$138,000 in health benefits and ~$17,195 in life insurance savings.
• - 20 Years: ~$276,000 in healthcare and ~$34,573 in life insurance growth.

Conclusion:

The PHI program from Project Blue offers a balanced, win-win solution for both dockworkers and employers. Dockworkers gain long-term financial security and access to tax-free cash during hard times, while employers reduce payroll liabilities and improve overall financial health. With immediate tax savings and fast implementation (30 days or less), this program could be a powerful tool in resolving the ongoing dockworkers' strike. This message is addressed directly to Harold Daggett , President of the INTERNATIONAL LONGSHORESMEN'S ASSOCIATION (ILA), and the brain trust at the UNITED STATES MARITIME ALLIANCE LIMITED (USMX) as a solution for moving forward.

Call to Action:

To all the organizations involved in the dockworkers' strike, including the ILA, USMX, and other stakeholders, reach out to Good Fortune through LinkedIn or call me directly at 786-881-9801 so I can get my team Project Blue processing the tax incentives for each employer. This will help both sides find a quicker resolution and put the right benefits in place for the workforce.

For more details on the PHI Tax Incentive Program, visit: [ProjectBlueFC.com](https://projectbluefc.com).

For more information on FICA tax savings and other employer tax incentives, you can reference [IRS.gov](https://www.irs.gov).

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