David Eduardo wrote:

"D Peter Maus" wrote in message
...
RHF wrote:
On Jun 7, 6:11 pm, "David Eduardo" wrote:

- Pensions are a product of company policies and
- union demands and threats.

Those are not 'company' programs. They're directly administered by the
Union for workers in good standing. They do not apply to members who have
declared 'financial core.'

I think that is why RHF distinguised between company pensions and union
ones. Many company pensions, such as those in the auto industry, are being
moved to the unions as the auto companies and related suppliers can not pay
them. They were created in the days when autos were so profitable (and fell
apart in 3 years or less) and so immune from foreign competion that the car
companies promised anything to avoid strikes. Wow, nobody can pay for any of
it.


And they're in addition to any programs by the company, and/or SS.

Pensions can be part employee financed, or totally enployer financed. SS is
an entitlement, and is based on, if I recall, the earned and taxed income
from the last 15 years of work prior to retirement.

Someone working for/with the larger companies, especially in a state
like California, would know all this.

California has few unionized workers by comparison to rust belt areas, and
is a right to work state. That's why unions often have to fund their own
pensions from dues, such as AFTRA and related film and entertainment unions
do.

Thanks for that pedantic diatribe!