Who is being seen as barGAINing in bad faith here? “Enthusiastically endorsed by senior union leaders” you say? How…..democratic! How monopolistic.
They’ll be fortunate to get the earlier agreed upon and a defined contribution pension arrangement. Thereafter, some choice please, for the rest of us.
The arbitator will do what the arbitrator will do but I hope that he recognizes that the day of the defined benefit pension has passed.
It is interesting to note that preliminary figures from the bankruptcy filings for the City of Detroit show that the 2 largest unsecured creditors are the 2 public employee pension systems in the total amount of $3.4 billion (source-ctvnews.ca) detroit bankruptcy.
It is unfair for employers and union reps to negotiate settlements that cannot statistically stand the scrutiny of actuarial reality.Any arbitrator should also recognize this reality.To do otherwise is to mislead the employees and their dependants who will find their “secure” future lumped in with all other unsecured creditors and their dreams of “freedom 55” or 105 for that matter is in reality a nightmare.
As someone who lives in Alberta, it is fine to ask for comparable wages if you have comparable costs. A similar home in Alberta costs 50-80 percent more than one in Nova Scotia. By the way, when they say Alberta is a user pay province you don’t know the half of it. Defined pension? Does that still exist? O.K. you guessed it I didn’t win the work for the government lottery. Private industry dropped the defined pension long ago and the ones that still have it will drop it by 2020. That type of experiment lasted for one generation and guess what? I’m the generation that got stabbed with the debt. God help my sons generation. Defined pension makes the erroneous assumption that the next generation can fund the pension debt. Yes the government can turn up the printing press. But from private industries point of view defined pension is a fantasy. Government and “civil servants” need to come back down to reality. Defined pensions need to be legislated out of existance. The numbers don’t add up. So far as the wage increase, to ask for a wage increase more than double the amount of inflation is equivalent to theft. Can somone help me sponsor a class action law suite against “civil servants” for monies owed on unpaid debt from overcompensated benefits? Is any one willing to do this?
Who is being seen as barGAINing in bad faith here? “Enthusiastically endorsed by senior union leaders” you say? How…..democratic! How monopolistic.
They’ll be fortunate to get the earlier agreed upon and a defined contribution pension arrangement. Thereafter, some choice please, for the rest of us.
Gordon a.... | July 21, 2013 |
The arbitator will do what the arbitrator will do but I hope that he recognizes that the day of the defined benefit pension has passed.
It is interesting to note that preliminary figures from the bankruptcy filings for the City of Detroit show that the 2 largest unsecured creditors are the 2 public employee pension systems in the total amount of $3.4 billion (source-ctvnews.ca) detroit bankruptcy.
It is unfair for employers and union reps to negotiate settlements that cannot statistically stand the scrutiny of actuarial reality.Any arbitrator should also recognize this reality.To do otherwise is to mislead the employees and their dependants who will find their “secure” future lumped in with all other unsecured creditors and their dreams of “freedom 55” or 105 for that matter is in reality a nightmare.
Bill L | July 19, 2013 |
As someone who lives in Alberta, it is fine to ask for comparable wages if you have comparable costs. A similar home in Alberta costs 50-80 percent more than one in Nova Scotia. By the way, when they say Alberta is a user pay province you don’t know the half of it. Defined pension? Does that still exist? O.K. you guessed it I didn’t win the work for the government lottery. Private industry dropped the defined pension long ago and the ones that still have it will drop it by 2020. That type of experiment lasted for one generation and guess what? I’m the generation that got stabbed with the debt. God help my sons generation. Defined pension makes the erroneous assumption that the next generation can fund the pension debt. Yes the government can turn up the printing press. But from private industries point of view defined pension is a fantasy. Government and “civil servants” need to come back down to reality. Defined pensions need to be legislated out of existance. The numbers don’t add up. So far as the wage increase, to ask for a wage increase more than double the amount of inflation is equivalent to theft. Can somone help me sponsor a class action law suite against “civil servants” for monies owed on unpaid debt from overcompensated benefits? Is any one willing to do this?
David Kopriva | July 19, 2013 |