On Sat, Feb 26, 2011 at 4:46 AM, Eric Roberts <[email protected]> wrote: > Right...5% of your earnings go into the pension fund instead of being paid > directly to you. That is different than how a 401k works, for instance, > were you may have 5% of you wages going in plus your employer also matches > it with 5%. So this is in lieu of getting paid 5% more. It's essentially a > forced savings plan.
Am I the only one who sees a certain amount of irony here? A Union, who "forcibly" removes a portion of it's member's pay each month... Money the employees will never see again and which is not invested on their behalf... This same Union is complaining about the government "forcibly" removing a portion of it's member's pay and investing it on the employee's behalf for their future. Money they will be able to retire on and will definitely see again, almost certainly after significant growth. Ironic. -Cameron . ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:334741 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
