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Unions sold out the old guys to pad the pockets of the union leaders and those currently working.
They stuck a knife in the backs of millions of hard working 30-40 year people who earned their pensions and it should never be touched.
I would rather see current employees not get raises, not get free anything to get those retirees their money they already earned.
The unions cause a ton of issues for most people and cripples it members with some very poor decisions. In this case former union members who are not paying into their lousy bank roll so the unions dont care about them anymore.
problem is basic. illegals took the union jobs , millions of them.
How many people worked their entire lives in functions / for businesses that did not offer a pension plan?
How many seniors recieve SNAP?
How many seniors receive Section 8 or other forms of housing assistance?
How many seniors will receive substantially more Medicare benefits than they paid for?
How many seniors visit the doctor weekly, just because?
How many seniors recieve discounts on stuff/ transportation?
And I say this as someone closer to 65 than 45.
You don't believe in the ethic of not taking what is not worked for.. many will not get into a welfare line, they would rather do without. It is called old school ethics.
Retirees have the choice to put all or some of their savings at market risk for a better opportunity to earn a higher ROI, like everyone else.
Or perhaps the FRB should raise interest rates / increase the cost of borrowing just so that seniors can get a better return off insured passbook savings accounts.
The retirees can't gamble with their money. They are living on their savings, They can't afford the risk. That is foolishness .
If one is rich, sure, pile their money into a huge portfolio and reap the increases.
I am not talking about the rich, I am talking about the average retiree who has to deal with inflation, no interest, pension cuts, and higher health care costs and insurance costs on a fixed income. Who is watching out for them? I will tell you, NO ONE...
Surely AARP is in Obama's corner . What a laugh. Obama allows the illegals to take jobs, get benefits, and kills industry that had a strong Union base not too long ago.
The retirees can't gamble with their money. They are living on their savings, They can't afford the risk. That is foolishness .
If one is rich, sure, pile their money into a huge portfolio and reap the increases.
I am not talking about the rich, I am talking about the average retiree who has to deal with inflation, no interest, pension cuts, and higher health care costs and insurance costs on a fixed income. Who is watching out for them? I will tell you, NO ONE...
Surely AARP is in Obama's corner . What a laugh. Obama allows the illegals to take jobs, get benefits, and kills industry that had a strong Union base not too long ago.
Can anyone else connect the dots?
Excellent You sum it up well and anyone can understand it (if they want to).
Too many people on pensions have watched their "so called union brothers" take crushing lifelong, wage and benefit cuts so the cushy lifestyles of "Tier 1" employees retired stays unaffected.
That is immoral, and IMO, there should not be tiers in a union shop. If the best proposal amounts to less pay and benefits including pensions, those should be shared equally across the board, regardless of tenure.
Multiple tiers at the unions behest has done more harm to unionization rates than management ever could. It is sabotage from within.
I am not talking about government or state workers. You bet they get cushy lifestyles because of their big pensions and even get great healthcare unlike many of the blue collar union workers and get a average to low pension and many get no healthcare benefits at all. And now they are subject to getting cut by 60% of a modest pension. This would not happen to state or government workers. They are Obama's favorite workers. After all Obama loves big government and the Federal workers will trump the state workers any day of the week.
This is what happens when companies cannot afford the pensions that they are on the hook for. Why is this so shocking........companies cannot print $$$$ like the Fedgov can. Well, here is an idea, Fedgov makes whole ALL of the PRIVATE pension funds so all retirees can get their full pensions......is that what people want????
Another great reason to trust the private sector with your pension. In a booming stock market these thieves are crying about being broke? Just another scam to keep the dividends with the investors instead of wasting the money on retired working folks.
BTY - was this POS put into the bill by a Democrat?
By a democrat and a republican
Republicans are red
Democrats are blue
Your favorite team
Doesn't care about you.
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You sum it up well and anyone can understand it (if they want to).
