Welcome to our fund it's more than 100% funded.Just had the vote for our new pension fund structure. 98.5% voted yes.
good sheepling
Care to explain the disadvantages of the proposal to this stupid truck driver?
There are several disadvantages:
We are locked into a ten year agreement with no increase in the pension contributions.
The company will be paying their liability over a 50 year period. accounting for inflation, the end of the 50 years the 43 million will have less value.
The language to prevent the company from a future buy out or renegotiation the term is weak
and a few others. however, the alternative could have been much worse.
We are locked into a ten year agreement with no increase in the pension contributions.
Alternative, such as being in the red four years later? ;PThere are several disadvantages:
We are locked into a ten year agreement with no increase in the pension contributions.
The company will be paying their liability over a 50 year period. accounting for inflation, the end of the 50 years the 43 million will have less value.
The language to prevent the company from a future buy out or renegotiation the term is weak
and a few others. however, the alternative could have been much worse.