Wednesday, June 08, 2005
GM & Social Secuity
Are the current problems with the GM medical and retirement
plans a sign of the future?....Some 25-30 years ago
Management and Labor made a deal...When you retire
we will give you X amount of $......
Times change, prices changes and now one GM employee
can not produce enough funds to support the 2-1/2 retired
workers he/she is required to.....
Social Secuity and Medicare are heading the same way with
benefit problems expected in 25-30 years....
The one common fact with both situations is that the retiree
is not, in any way, responsible for his $......He/she let a CEO
or Union Leader may the decisions....Now they are having
to live with that decision may by two people who really
did not care about him/her in the first place....And remember
the Federal Government cares even less....Pumps
plans a sign of the future?....Some 25-30 years ago
Management and Labor made a deal...When you retire
we will give you X amount of $......
Times change, prices changes and now one GM employee
can not produce enough funds to support the 2-1/2 retired
workers he/she is required to.....
Social Secuity and Medicare are heading the same way with
benefit problems expected in 25-30 years....
The one common fact with both situations is that the retiree
is not, in any way, responsible for his $......He/she let a CEO
or Union Leader may the decisions....Now they are having
to live with that decision may by two people who really
did not care about him/her in the first place....And remember
the Federal Government cares even less....Pumps
# posted by Pumps @ 12:05 PM 
