Yer a dittohead moron Wrote:
-------------------------------------------------------
> Right2Work Wrote:
> --------------------------------------------------
> -----
> > >
> >
> > Yeah, good luck with that. How many employers
> > want to hire a 30 year union drone who has done
> > nothing else with their life.
> >
>
> None that listen to Rush Limbaugh, obviously. But
> not everyone is an idiot.
>
> If he is a meat cutter like he said, he's not some
> lazy union drone like you've been led to believe
> every union member is.
>
> There are certain types of work where you are
> either producing or not, regardless of union
> status. Nursing, Law Enforcement, Firefighters,
> and jobs like meat cutters, delivery drivers, and
> others who have measurable productivity outputs.
Wouldn't know, don't think that I've ever actually listened to him.
I do run a production-based company though and I know that just based on resume alone, I'd likely pass on that one. You might be able to convince me otherwise in the case of a given individual but you're probably not going to get a chance.
> > Your retirement and benefits are only as good
> as
> > your plan is funded. Half of those union
> pension
> > plans are run on a pay as you go basis. So,
> > unless they have a continuing increase in new
> > participants paying in, well...
> >
>
> If they are, then they are in violation of federal
> law.
>
> Why do I suspect this is yet another silly talking
> point by Rush and his ilk? Pensions are not "pay
> as you go". If they are defined contribution
> plans, then the employee has fully funded his own
> pension. If they are defined benefits plans, then
> the employer is required to maintain funding for
> all current liabilities.
>
> If they were "pay as you go" as in they simply
> used current employee or employer contributions to
> pay out to current retirees, they would be in
> violation of ERISA and PPA statutes.
>
Read and weep among many other examples of articles addressing the extent of under-funding for multi-employer plans:
http://online.wsj.com/article/SB10001424052702304203604577393941108053800.html
The benefits plans in particular often are run pay as you go. They may not be funded directly by new participants, but given the case of a union-managed fund, they effectively are since the union has little or no other income stream beyond dues and contributions from affiliated groups which also mostly rely on dues.