Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Canada Post likely will be locked out/on strike

iggy_oi · 07-06-2016, 10:38 PM

So.... http://www.cbc.ca/beta/news/business...iner-1.3666723

Apparently the sticking point for the postal workers union is that they don't want a two tiered pension plan, the existing plan has a defined benefit, that plan currently has $22billion in it, but has $28billion in liabilities, the plan had a surplus of $1billion last year while paying out $880 million to retirees. Why is Canada post making this a hill to die on? At least for this round of bargaining. They have time to wait and see if this thing will continue to show growth and improve, why not opt for a shorter term deal in an effort to avoid a dispute?

I can completely agree with the workers not wanting a two tier system, those cause problems in future negotiations

07-06-2016, 10:38 PM	#363
iggy_oi Franchise Player Join Date: Nov 2007 Exp:	So.... http://www.cbc.ca/beta/news/business...iner-1.3666723 Apparently the sticking point for the postal workers union is that they don't want a two tiered pension plan, the existing plan has a defined benefit, that plan currently has $22billion in it, but has $28billion in liabilities, the plan had a surplus of $1billion last year while paying out $880 million to retirees. Why is Canada post making this a hill to die on? At least for this round of bargaining. They have time to wait and see if this thing will continue to show growth and improve, why not opt for a shorter term deal in an effort to avoid a dispute? I can completely agree with the workers not wanting a two tier system, those cause problems in future negotiations