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

CaptainCrunch · 07-07-2016, 06:57 PM

I don't think there's another way. There are three things that can happen with a pension that's 6 billion in the hole

1) You keep running the status quo where you don't change it, the number of workers collecting it on retirement increases, and it goes bankrupt and everyone loses their pension

2) At some point it becomes an emergency and Canada Post goes to the government for a 6 billion dollar pension bailout, and the government frankly has to refuse to do it.

3) You set a cut off date and new employees go on a new pension program that makes more sense and allows the pension to be in place down the road.

oh wait theres a fourth

4) The union and union employees top up the pension so it doesn't collapse.

I don't see any other way.

07-07-2016, 06:57 PM	#411
CaptainCrunch Norm! Join Date: Jun 2002 Exp:	I don't think there's another way. There are three things that can happen with a pension that's 6 billion in the hole 1) You keep running the status quo where you don't change it, the number of workers collecting it on retirement increases, and it goes bankrupt and everyone loses their pension 2) At some point it becomes an emergency and Canada Post goes to the government for a 6 billion dollar pension bailout, and the government frankly has to refuse to do it. 3) You set a cut off date and new employees go on a new pension program that makes more sense and allows the pension to be in place down the road. oh wait theres a fourth 4) The union and union employees top up the pension so it doesn't collapse. I don't see any other way. __________________ My name is Ozymandias, King of Kings; Look on my Works, ye Mighty, and despair!