[muawiyah]

If you want to talk about union plans, this isn't the thread to do it ~ this is about a MANAGEMENT RETIREMENT PLAN.

Unions don't do that!

Which raises a good question ~ how many folks on this thread have the slightest understanding of how management deferred payment plans and retirements work and why?

[trebb]

If you want to talk about union plans, this isn't the thread to do it ~ this is about a MANAGEMENT RETIREMENT PLAN. Unions don't do that! Which raises a good question ~ how many folks on this thread have the slightest understanding of how management deferred payment plans and retirements work and why?

Point taken - the story didn't make it clear (at least to me), but the salary itself should have raised a flag. Are you saying that this employee wasn't union-related or that it didn't really matter due to the difference in how the different retirement plans are negotiated/handled? This curious mind really wants to know and the Enquirer is fresh out of stories about the topic.

[skeeter]

this is about a MANAGEMENT RETIREMENT PLAN.

This is about union retirees getting lavish benefits from an underfunded pension system.

Personally, I think the question of management/mismanagement of the plans is a union red herring.