Quote:
Originally Posted by CaptainCrunch
Oh that's easy, CUPW goes to Canada Post and says this is how much we need from the Employees in the union to keep our pension afloat. then Canada Post does a real simple calculation and does the deduction and cuts a straight check to the Union.
At that point its a union pension and Canada Post can either choose to contribute or not.
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I misinterpreted your initial post, I thought you were suggesting to transfer the authority to make pension changes to the union.
But what you're suggesting is basically creating a new plan to which no further contributions would be made by Canada post but would still need to have the same payout as if Canada post were still making the contributions?