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Fighting for a pension is of course a legitimate union activity. It’s equally legitimately to state that one way unions become problematic is when their demand
by kasey_junk 6y ago
Fighting for a pension is of course a legitimate union activity.
It’s equally legitimately to state that one way unions become problematic is when their demands are not financially viable and are in fact part of the problem fiscally.
- lotsofpulp 6y agoI don’t consider it legitimate because of the proven conflicts of interests involved in taxpayer funded defined benefit pensions. The math can be fudged to purposely understate costs, never mind the fact that predicting that far into the future is impossible. So you have politicians with an interest in keeping taxes low in the short term to get re elected, you have union bosses who are older and also don’t care about fudged numbers way into the future, since they will be getting theirs before shit hits the fan. The people screwed are future generations of taxpayers and benefit recipients who have to accept cuts to their benefits. Cash remuneration works for everyone else, if the union members want an annuity, they can negotiate for higher cash pay and then go purchase an annuity from an insurance company. I don’t want my kids to pay for labor that was performed today just so can pay artificially low taxes.
- bluGill 6y agoI'm fine with them fighting for one. However their incentive needs to include ensuring that the pension fund actually has enough money in it to cover the future payouts.