InterestedInAll

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1to1 (anonymous) says...

InterestedinAll” correctly points out the discrepancies in treatment given Delphi hourly and salaried workers with regards to their pensions. After promising to not interfere in GM decisions, the Obama administration pressured GM to make the union retirees’ pension whole. This was wrong, just as forcing GM to make the salaried employees’ pensions whole would be wrong. The pension and health care promises were made in good faith by both GM and Delphi but became unsustainable because of the evolution of the business climate worldwide. The claims made by “InterestedinAll” about retirement ages in other countries are not germane to the issue. Programs that would allow people to fully retire after 30 years service would mean that the company and/or the taxpayer would have to support those retirees both financially and with health care insurance conceivably for 30 to 40 years. One need not have a degree in economics to know that would be financially ruinous. As the writer stated, many were forced into retirement against their will. This bolsters the case for them to be treated as unemployed workers.

August 2, 2010 at 1:34 p.m. reply suggest removal

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