Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It is my understanding that the new contract states the traditional pension will be replaced by a 401K for any employee hired after November, 2021 (not sure if it is a matching 401K). This is the norm these days (at least in the private sector).
I am not anti-union, but workers need to realize the days of the traditional pension are gone. You may still find it with a government job, but then you still have a mandatory pension contribution (this amount depends on what state you are in). Florida's FRS requires a 3% deduction, while some states in the midwest are 8% or higher.
It is futile to fight for the "traditional" pension. It is a unicorn for new hires in the private sector.
It is my understanding that the new contract states the traditional pension will be replaced by a 401K for any employee hired after November, 2021 (not sure if it is a matching 401K). This is the norm these days (at least in the private sector).
I am not anti-union, but workers need to realize the days of the traditional pension are gone. You may still find it with a government job, but then you still have a mandatory pension contribution (this amount depends on what state you are in). Florida's FRS requires a 3% deduction, while some states in the midwest are 8% or higher.
It is futile to fight for the "traditional" pension. It is a unicorn for new hires in the private sector.
If that's the case they're years behind. Other than governmental unions where I am the biggest is probably the UFCW and they've had a 401K, as well as tiered wages, for a couple decades.
The Maryland Retirement System is a 7% employee contribution.
My dad was in HR 1950's & 60's. He negotiated with the steel workers union for contracts and I remember him saying, "the unions will price themselves right out of the market."
My uncle was head of an electrician's union and lived high off the backs of the workers.
I never belonged to a union but when management offered our union workers a nice benefit package they jumped at it and the union was out.
It is my understanding that the new contract states the traditional pension will be replaced by a 401K for any employee hired after November, 2021 (not sure if it is a matching 401K). This is the norm these days (at least in the private sector).
I am not anti-union, but workers need to realize the days of the traditional pension are gone. You may still find it with a government job, but then you still have a mandatory pension contribution (this amount depends on what state you are in). Florida's FRS requires a 3% deduction, while some states in the midwest are 8% or higher.
It is futile to fight for the "traditional" pension. It is a unicorn for new hires in the private sector.
I expect a long strike if they expect not to shift to a 401K. If Management caves in on this, they should be fired.
That's interesting. Can you please elaborate on your statement, "Real patriots fight for the right of businesses to exploit labor to fullest extent possible", which you said earlier? What specifically do you mean by this? Per Merriam-Webster's online dictionary, there are two definitions to the word "exploit." Knowing which one you are referring to makes a huge difference in the context of that sentence.
: to make productive use of : UTILIZE
exploiting your talents
exploit your opponent's weakness
2: to make use of meanly or unfairly for one's own advantage
exploiting migrant farm workers
You also said that it was employees' patriotic duty to make money for their employer. How would you explain that statement?
And its a big reason why unions have lost influence. Companies do not have to put up with union pressure tactics. They simply leave the country. Unions have zero leverage.
Next headline will be 10,000 John Deere employees will be let go as the company moves its remaining plaints to Mexico.
And its a big reason why unions have lost influence. Companies do not have to put up with union pressure tactics. They simply leave the country. Unions have zero leverage.
Next headline will be 10,000 John Deere employees will be let go as the company moves its remaining plaints to Mexico.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
