Reply to thread

Message

<blockquote data-quote="OLDMAN3" data-source="post: 1597820">That is my understanding as well...We will vote on it, but if is voted down, cuts will be made anyway.However, I was given the distinct impression , if not the outright statement by a Teamster official that the plan will eventually go bankrupt and the PBGC will not rescue the plan because it is too big to rescue. This rescue plan would extend the plan, delaying it&#039;s demise.If it is your impression that &quot;They&quot; will not let it go bankrupt who might &quot;They&quot; be?-The PBGC?-The administrators of CS?-The federal government/Congress?Of course the administrator of CS would like to extend it&#039;s life as long as possible...half million dollar+ salaries are hard to come by.Plus everyone gets:Great Benefits (fully paid health, vision, dental insurance, 10 vacation and 12 sick days, 401k with match, company paid pension,&nbsp; tuition reimbursement, a stipend for lunch)- Great work hours (35 per week) and flex scheduling (start between 6 and 930 am and work 7 hour days)</blockquote>

[QUOTE="OLDMAN3, post: 1597820"] That is my understanding as well... We will vote on it, but if is voted down, cuts will be made anyway. However, I was given the distinct impression , if not the outright statement by a Teamster official that the plan will eventually go bankrupt and the PBGC will not rescue the plan because it is too big to rescue. This rescue plan would extend the plan, delaying it's demise. If it is your impression that "They" will not let it go bankrupt who might "They" be? -The PBGC? -The administrators of CS? -The federal government/Congress? Of course the administrator of CS would like to extend it's life as long as possible...half million dollar+ salaries are hard to come by. Plus everyone gets: Great Benefits (fully paid health, vision, dental insurance, 10 vacation and 12 sick days, 401k with match, company paid pension, tuition reimbursement, a stipend for lunch) - Great work hours (35 per week) and flex scheduling (start between 6 and 930 am and work 7 hour days) [/QUOTE]

Verification