Article View: hfx.general
Article #139940Re: General Motors
From: Ian D
Date: Fri, 05 Jun 2009 02:21
Date: Fri, 05 Jun 2009 02:21
29 lines
2747 bytes
2747 bytes
"Ice Age" <ice_age_10000@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 $1000 per month per retiree. I was responding to your statement that the workers paid into the pension plans. If it was any group other than the CAW you would be correct. The CAW won 100% employer paid pension contributions way back when the car companies were rolling in dough.
Technical Details
Message-ID:
<EtidnQ6JI-2yHLXXnZ2dnUVZ_sadnZ2d@giganews.com>Path:
arc1-ca.pugleaf.net!g2news2.google.com!news2.google.com!border1.nntp.dca.giganews.com!border2.nntp.dca.giganews.com!nntp.giganews.com!backlog2.nntp.dca.giganews.com!news.giganews.com.POSTED!not-for-mailReferences:
<UIUUl.30248$PH1.267@edtnps82> <h01cqs$254$9@news.eternal-september.org> <4a259252$0$23742$9a566e8b@news.aliant.net> <tMSdnX6btIBRl7rXnZ2dnUVZ_uOdnZ2d@giganews.com> <4a28064d$0$23751$9a566e8b@news.aliant.net>Show Full Headers
Complete Article Headers
X-Google-Thread: 48560ea9d0,67e885a3783ed238 X-Google-Attributes: gid48560ea9d0,public,usenet X-Google-NewGroupId: yes X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news2.google.com!news2.google.com!border1.nntp.dca.giganews.com!border2.nntp.dca.giganews.com!nntp.giganews.com!backlog2.nntp.dca.giganews.com!news.giganews.com.POSTED!not-for-mail NNTP-Posting-Date: Thu, 04 Jun 2009 21:21:35 -0500 From: "Ian D" <taurus@nowhere.com> Newsgroups: hfx.general References: <UIUUl.30248$PH1.267@edtnps82> <h01cqs$254$9@news.eternal-september.org> <4a259252$0$23742$9a566e8b@news.aliant.net> <tMSdnX6btIBRl7rXnZ2dnUVZ_uOdnZ2d@giganews.com> <4a28064d$0$23751$9a566e8b@news.aliant.net> Subject: Re: General Motors Date: Thu, 4 Jun 2009 22:21:35 -0400 X-Priority: 3 X-MSMail-Priority: Normal X-Newsreader: Microsoft Outlook Express 6.00.2900.5512 X-MIMEOLE: Produced By Microsoft MimeOLE V6.00.2900.5579 X-RFC2646: Format=Flowed; Response Message-ID: <EtidnQ6JI-2yHLXXnZ2dnUVZ_sadnZ2d@giganews.com> Lines: 31 X-Usenet-Provider: http://www.giganews.com X-Trace: sv3-WWh325oJe/SevhotDC+/pKh2ixTSUVjiofMkSYwnpQOIg1jo8XeCGImHP3kjU5hjc3qCC9Z4vdKJS3X!vL/yMC/t/1tdbtWxVuE6/nWZeOxCp4tFB4j8+8wsKk2rhCFsh6+txEH9PJaXQOOlh1zz5d4naK/6 X-Complaints-To: abuse@giganews.com X-DMCA-Notifications: http://www.giganews.com/info/dmca.html X-Abuse-and-DMCA-Info: Please be sure to forward a copy of ALL headers X-Abuse-and-DMCA-Info: Otherwise we will be unable to process your complaint properly X-Postfilter: 1.3.39 X-Original-Bytes: 2497