🚀 go-pugleaf

On Jun 5, 10:44 pm, Ice Age <ice_age_10...@yahoo.com> wrote:
> Ian D wrote:
> > "Ice Age" <ice_age_10...@yahoo.com> wrote in message
> >news:4a28064d$0$23751$9a566e8b@news.aliant.net...
> >> Ian D wrote:
> >>> The auto workers paid nothing into their pension plans.
> >>> It was 100% covered by the employer.  The reason for
> >>> the shortfalls is that, over the years, the employers were
> >>> allowed to skip payments into the plans, and to make
> >>> lower than mandated contributions.  This is why the plans
> >>> are underfunded.  In the days of healthy profits the
> >>> employers could cover any shortfalls.  If the proper
> >>> payments had always been made, the pension plans
> >>> would now be self sustaining.
> >>     And this is the worker's fault because?
>
> >> Ice!
>
> > I never said it was the workers' fault.  Actually it was
> > government's fault for letting the employers short
> > change the pension plans.  The Ontario government
> > is now on the hook to make up the shortfall by an
> > amount of up to $1000 per month per retiree.  I was
> > responding to your statement that the workers paid
> > into the pension plans.  If it was any group other than
> > the CAW you would be correct.  The CAW won 100%
> > employer paid pension contributions way back when
> > the car companies were rolling in dough.
>
>      OK, through some agreement between the government and GM during the
> productive years, the company would fully fund the auto worker's portion
> of the premiums.  A great deal for the auto workers, and a coup for the
> union.  Still, it's a CLOSED SHOP (a concept I despise, by the way) and
> the auto workers had to belong to the union and abide by their contract
> if they wanted to work there.
>
>      The company went belly up because of poor management.  The
> governments of Canada, Ontario and the USA pumped in billions prior to
> them going under.  Company executives take off (retire, resign, are
> fired, whatever) and take millions in legally contracted severance pay
> with them.
>
>      The retired auto workers are told: "No more money for pensions or
> health care for you."
>
>      I don't want my tax dollars going to GM at all, but governments
> wiser than I decided to give it to them anyhow.  If it was going to go
> to go to GM, it should have been partially used to ensure the pensions
> and health plans were maintained.  Jack will back me up on this one in
> his typically way because he and I think alike when it comes to
> government handouts.  Don't argue with Jack or he'll quote you George
> Carlin.
>
> Ice!

i don't want my money going there either i supposed they're forced to
after receiving "lobbys" for decades.