fitz
Well-known member
TexasBred":1233spou said:90% of the folks in the country have no problem with not being union. Maybe they don't feel like they're worth that huge premium union workers draw every hour. When a union pension plans get's below 80% what is the source of new funds to make up the difference?? Do they apply new dues to old balances?? The only way to increase the funds is "earning on the funds". Or are they really doing like social security and paying Peter to pay Paul ??fitz":1233spou said:Workinonit Farm":1233spou said:I'm glad I live in a "Right to Work" state.
Katherine
"Right to Work for Less" state.
fitz
The ideal situation is to practice good fiduciary responsibility and guard against your fund experiencing deficits. There were a lot of retirement funds, union, nonunion and individually funded that encountered problems when the stock market bottomed. We all are still trying to overcome those experiences.
In regard to the huge hourly premium of union workers I can only speak on the trade I worked. There wasn't a huge difference in the package. Especially the weekly in envelope pay between the union and merit shop tradesmen. On the union side any negotiated increases were allocated by the membership. Often that was sit aside for future health and retirement benefits. This brought the hourly wages closer. In some areas the open shop guys would be making more per hour but with less in benefits.
I'm leaving this thread now as I normally come to this site to read and discuss cattle. I try to make a habit of not talking a lot of politics, religion or union/merit shop work with folks I don't know. Seem to get along better that way.
The beauty of this whole game is you can swing your way and I swing mine.
fitz