Quote:
Originally Posted by iggy_oi
Sticking with the facts, it could have a serious consequences, it could also fix itself, also I have no idea how you are taking what I'm suggesting as a wait and see approach. My example has a wait and see for the first two years, yes, but it actually has provisions to address a negative result. It was only an example, they could put increased contributions in today, implement an escrow or something of that nature. The point I'm trying to make is that their is likely a solution that doesn't involve simply axing this plan.
|
Its not could its will. The aging workforce makes it a certainty that at some point the pension will collapse on itself. When you have more retirees then people working and contributing to the pension then there's trouble, especially when Justin rolled back the retirement age.
I don't believe that you can do a delay the inevitable and leave it alone for 2 years, it has to be controlled starting now.
Personally I think that Canada Post is positioning itself for a long drawn out winner take all fight with the union at this point. They've seen business evaporate and parcel delivery going over to Purolator and fed ex.
Most organizations out there are pushing their customers and venders to e-delivery, and essential deliveries are going to happen.
Canada post can really lock out the employees, especially given JT saying that a back to work legislation is not in the picture.
Chances are with the pension at 6 billion in the hole, in two years it could go to 7 billion, and at some point there's going to have to be a bail out request so that the pension doesn't go blammo.