Quote:
Originally Posted by Cecil Terwilliger
What adjustments do you think CUPW is going to support exactly? And by adjustments you mean reduction in payouts correct? Is there some other way to come up with $6B? Or do you think they'll support increases to their contributions with no increase in the pension payout?
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I missed this post earlier and think I've given my take on the types of adjustments, but as far as what adjustments I think they would support? That's up to those members to decide and weigh the cons against how much they value maintaining a single pension plan for all employees instead having two tiers.
Here's a scenario I think most people don't consider and it may open some eyes as to why the union opposes a two tier system.
If I were a 20 year old postal worker who just started, I'm on the old pension plan, if they create a new tier for all employees hired going forward, in 40 years when I'm getting close to retirement the plan and compensaion package that I'm voting to "keep" today could be changed in bargaining because any cuts to it proposed by the company wont affect 95% of the workers so they won't have a financial reason to reject a contract offer with such cuts. So it really does have the potential to screw people over long term.
It really is about more than just fixing the deficit, it's about protecting the employees who are agreeing to "fix" the problem.
This is just an example, no need for the "the post office won't be around in 40 years" comments