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Kasz216 on 25 July 2013
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theprof00 said:
Kasz216 said:

Can you prove this though? They are the only company in the USA (and likely the world) that pays so high a rate ahead of time.
You say "Oh the outrage they're talking about is that they can't fuck over pensioners like other companies". I find the two ideas to be extremely different. Are you saying that virtually every company in the USA is fucking over their pensioners?

Can I prove what?

Meanwhile... yes.  Companies that do offer pension plans totally are fucking over their pensioners.

When an employee retires his retirement plan should be prefunded and set in stone.  If the company goes belly up tommorrow you should get your full benefits.  You are retired, you fufilled your end of the bargin.

 

Either way, this more or less explains the problem at the moment with the post office.

 

http://www.bloomberg.com/news/2012-08-02/understanding-the-post-office-s-benefits-mess.html


They haven't even fully funded retirement benefits or CURRENT retirees.  The law was changed so the post office would be forced to make up what it owed.  The problem isn't the post office runs like this.  It's that the government, and companies that have pensions DON'T run like this.