Posted by oldtanker on April 19, 2014 at 13:10:42 from (66.228.255.116):
In Reply to: Union Workers posted by mj on April 18, 2014 at 07:48:01:
Quoting Removed, click Modern View to see
LOL, that's my point. 401K plans are nothing to brag about. But if your plan includes a company that can be taken down like Hostess was then the union screwed you. Plain and simple.
They caved in and gave those generous retirement plans when the average worker retired and 65 and was dead by 70. Now it's killing them with people living much longer. And of course the unions are not going to let the companies reduce those retirement plans today. They figured in the 60s that current workers contributions would fund it but today that's not true and the cost is passed onto the consumer.
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