[Locke]

Originally Posted by kunkstyle

Why is CUPW making this a hill to die on? AFIAK CUPW is one of 3 unions CP is bargaining with. CUPW is the only one of those three that have a sticking point with the two tiered system.

Any article on CBC or most other sources indicates a DC pension is the scariest and most harrowing thing to have happen to you in your entire employment history. The more realistic view is what, 10% of people lucky enough to even have a pension in this country have a guaranteed pension? Companies have been shifting to a DC for the last 20 years, the fact that CP thinks they're a special little flower and deserves to keep a DB pension is amazing. The more amazing part is that they're not dropping people from a DB to a DC, they're just implementing a DC pension for new employees. Again, like hundreds of companies before them.

CP is making this a hill to die on because from a company's standpoint a DB pension costs exponentially more. Look to GM, it's the pensions that almost killed them. Well that and the Pontiac Aztek.

Regardless, the CUPW is fighting for pensions on NEW EMPLOYEES. They're not fighting for the rights of the current ones. While I get from your standpoint makes sense, but from the standpoint of the vast majority of Canadians makes them seem greedy. It's the equivalent of Blockbuster or the Pony Express fighting for people that won't have jobs in 10 years.

And before I get the typical "yeah well you're a typical conservative capitalist", I've been in two unions over the course of a decade. One completely corrupt, the other mostly show. I've been placed on the stand for arbitration. I've then gone on to employment that isn't forced into a union.

Actually the pensions did kill GM, they got bailed out by the Government.