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11 years in, I'm out now and retirement benefits.
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<blockquote data-quote="JonFrum" data-source="post: 342009"><p>Filthpig,</p><p></p><p>No one receives a pension for pushing a broom all day, or for any other specific job. Pensions are paid to those who have contributed their own money into the fund for the required number of hours and years. Pensioners have earned their pension by forgoing higher wages and instead sending that money to the pension fund. Pension contributions are "in lieu of wages." A pension fund is like a "group" 401(k). </p><p></p><p>According to ERISA all members of a bargaining unit must contribute at the same hourly rate if they are in the same plan. That's the Law. If your plan is "going broke," it's not because it is paying pensions to those who bought and paid for them.</p><p></p><p>Incidentally, as someone who sweeps trailers for a half hour a day, be advised that I do it quickly and well. I find service failures, UPS billing copies, and remove package strapping and other trash that are tripping hazards. This saves UPS money. It's not rocket science, but it's honest work. It's also contractually required. Have you ever worked in a dusty, trashy trailer that no one swept out?</p></blockquote><p></p>
[QUOTE="JonFrum, post: 342009"] Filthpig, No one receives a pension for pushing a broom all day, or for any other specific job. Pensions are paid to those who have contributed their own money into the fund for the required number of hours and years. Pensioners have earned their pension by forgoing higher wages and instead sending that money to the pension fund. Pension contributions are "in lieu of wages." A pension fund is like a "group" 401(k). According to ERISA all members of a bargaining unit must contribute at the same hourly rate if they are in the same plan. That's the Law. If your plan is "going broke," it's not because it is paying pensions to those who bought and paid for them. Incidentally, as someone who sweeps trailers for a half hour a day, be advised that I do it quickly and well. I find service failures, UPS billing copies, and remove package strapping and other trash that are tripping hazards. This saves UPS money. It's not rocket science, but it's honest work. It's also contractually required. Have you ever worked in a dusty, trashy trailer that no one swept out? [/QUOTE]
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