Quote:
Originally Posted by Sliver
What's difficult to understand? The current pension is underfunded - a problem that is compounding with time.
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What I was referring to was what is their true motive behind only considering one option. I think everyone can plainly see there is a deficit within their pensions plan. Is there not the slightest possibility that Canada post is using this problem as a means to roll out this new plan because their contributions are less expensive than another solution that will fix the problem in the current pension plan?
There is currently a $6billion deficit, that did not happen overnight, the current collective agreement was signed less than 4 years ago, in the last round of bargaining the accountants should have been able to see this problem, so f they didn't choose to draw a line in the sand then, I have to ask myself why now? And if they weren't able to see this problem then, why should anyone trust their judgement now on a solution when they couldn't get the math right 4 years ago?
Again there is an issue here and it needs to be addressed, but when a company that either didn't have the foresight to see a problem that they had all the resources in the world to see or apparently didn't choose to address it when they knew there was an issue is now claiming this problem only has one solution and they are certain it will fix and that all of the sudden they are now able to plan for fifty years down the road when before they couldn't even plan for 4, it really makes me think that maybe there's another way and that maybe they aren't really the most knowlegable or trustworthy people to be listening to when it comes to pension plans. That is of course unless this deficit popped up overnight.