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Author Topic: Some US employers clawing back retiree benefits
Agent 204
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posted 10 November 2004 04:40 PM      Profile for Agent 204   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:

When a deputy sheriff came to his door with a court summons, George Kneifel, a retiree in Union Mills, Ind., was mystified. His former employer was suing him.

The employer, beverage-can maker Rexam Inc., had agreed in labor contracts to provide retirees with health-care coverage. But now the company was asking a federal judge to rule that it could reduce or eliminate the benefit.

Many companies have already cut back company-paid health-care coverage for retirees from their salaried staffs. But until recently, employers generally were barred from touching unionized retirees' benefits because they are spelled out in labor contracts. Now, some are taking aggressive steps to pare those benefits as well, including going to court.

In the past two years, employers have sued union retirees across the country. In the suits, they ask judges to rule that no matter what labor contracts say, they have a right to change the benefits. Some companies also argue that contract references to "lifetime" coverage don't mean the lifetime of the retirees, but the life of the labor contract. Since the contracts expired many years ago, the promises, they say, have expired too.



Fucking bastards.

From: home of the Guess Who | Registered: Nov 2003  |  IP: Logged
MacD
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posted 10 November 2004 04:46 PM      Profile for MacD     Send New Private Message      Edit/Delete Post  Reply With Quote 
Yet another reason why retirement benefits should be employee controlled.
From: Redmonton, Alberta | Registered: Apr 2002  |  IP: Logged
Fidel
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posted 10 November 2004 05:06 PM      Profile for Fidel     Send New Private Message      Edit/Delete Post  Reply With Quote 
Newt Greengrinch used to run around the States peddling the privatized pension model instituted in Chile during the fascist years. One of the many problems Newt and his sidekick from Chile had with promoting the plan was the fact that Pinochet and his top military brass refused to give up their public pensions while automatically switching everyone else in Chile to the private plan.

Perhaps we'll see Newt shilling for the private model again over the next four years. Their job will be to roll back social safety net in America to Herbert Hoover levels. They will push American's to the brink, and social unrest will cause fascist-style crackdowns in America. America 'gulag' economy will continue being a theme stock of this decade. Mark my words.


From: Viva La Revolución | Registered: Apr 2004  |  IP: Logged
Agent 204
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posted 11 November 2004 12:58 AM      Profile for Agent 204   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
Is Newt Gingrich still politically active? I haven't heard anything about him for quite a few years.
From: home of the Guess Who | Registered: Nov 2003  |  IP: Logged
Fidel
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posted 11 November 2004 01:42 AM      Profile for Fidel     Send New Private Message      Edit/Delete Post  Reply With Quote 
Newt blew his credibility as an upstanding Republican when American's found out he was a serial adulterer. Apparently, they were fine with him being a chickenhawk and cheer leader for military industrial complex.

But social security is still considered by ultra-right rightists to be a communist plot to undermine liberty and apple pie. The right wing economic experiment conducted in a human rights vacuum in Chile is still touted as a success in certain Republican circles. They just avoid making soc-sec an issue at election time in favour of fervent nationalism. Now it's time for Dubya to spend his "political capital" handed him by 51% of 65% of eligible voters and working on the premise that the other 35% were just too satisfied with fascism to even bother voting. God help them down there.

[ 11 November 2004: Message edited by: Fidel ]


From: Viva La Revolución | Registered: Apr 2004  |  IP: Logged
Polunatic
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posted 11 November 2004 08:47 AM      Profile for Polunatic   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
It's not the employers fault if stupid employees can't read the invisible ink.
From: middle of nowhere | Registered: Oct 2002  |  IP: Logged
beachcomber
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posted 17 November 2004 01:44 AM      Profile for beachcomber   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
Wow. That is totally messed up. Totally.
Once again the US proves beyond a doubt that nothing is sacred but the bottom line.

From: Vancouver Island | Registered: May 2001  |  IP: Logged
Cougyr
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posted 17 November 2004 02:44 AM      Profile for Cougyr     Send New Private Message      Edit/Delete Post  Reply With Quote 
There was an item on the tv news recently about Canadian firms going under with empty retirement funds. Some firms get in trouble and spend the retirement funds. Of course, the workers get screwed.
From: over the mountain | Registered: Nov 2002  |  IP: Logged
Tommy Shanks
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posted 17 November 2004 10:02 AM      Profile for Tommy Shanks     Send New Private Message      Edit/Delete Post  Reply With Quote 
What about Stelco? Declared a big profit this year but still went into receivership, mainly to screw their creditors, which includes the pension fund. Now employees who have contributed for years get nothing, while the company prepares to be sold. And, as profitable, that won't take to long.

It only seems like yesterday that a company had to be failing to go into receivership. What a scam.


From: Toronto | Registered: Sep 2002  |  IP: Logged
Puetski Murder
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posted 17 November 2004 10:28 AM      Profile for Puetski Murder     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Newt blew his credibility as an upstanding Republican when American's found out he was a serial adulterer. Apparently, they were fine with him being a chickenhawk and cheer leader for military industrial complex.

I prefer to think of him as a cheer-tator, as "leader" implies democratic choice.

You gotta love the U.S. If they're not winning the war du jour, they declare a domestic war on inefficiency or similar junk. Good thing they're reducing retirement benefits. They were almost on the brink of something terrible - like a welfare state.


From: Toronto | Registered: Feb 2003  |  IP: Logged
radiorahim
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posted 17 November 2004 06:43 PM      Profile for radiorahim     Send New Private Message      Edit/Delete Post  Reply With Quote 
This one ranks right up there with Walmart's "dead peasant" insurance policies.

Evil...pure evil!


From: a Micro$oft-free computer | Registered: Jun 2002  |  IP: Logged
Fidel
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posted 17 November 2004 08:00 PM      Profile for Fidel     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Originally posted by Puetski Murder:
You gotta love the U.S. If they're not winning the war du jour, they declare a domestic war on inefficiency or similar junk. Good thing they're reducing retirement benefits. They were almost on the brink of something terrible - like a welfare state.

Ya, make that "corporate" welfare state.

With "capitalism" (or socialism for the rich and free enterprise for the working poor), profits and worker desperation are maximized while more and more wealth is concentrated in the hands of a few. They're chiselling away at rights we've had to fight tooth and nail for ever since the phrase, "Let'em eat cake", was rewarded with the slice.

"...When I behold a factious band agree
To call it freedom when themselves are free;
Each wanton judge new penal statutes draw,
Laws grind the poor, and rich men rule the law;
The wealth of climes, where savage nations roam,
Pillaged from slave to purchase slaves at home; ..." - Oliver Goldsmith
[ Message edited by: Fidel ...because I cant spe;l worth a damn. Ok? ...

[ 17 November 2004: Message edited by: Fidel ]


From: Viva La Revolución | Registered: Apr 2004  |  IP: Logged
Cougyr
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posted 17 November 2004 08:49 PM      Profile for Cougyr     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Originally posted by Fidel:
With "capitalism" (or socialism for the rich and free enterprise for the working poor), . . .

Notice that while Bush wants Americans to dig deep for their war on terror, when it comes to things that matter for people at home, he wants poeple to volunteer.


From: over the mountain | Registered: Nov 2002  |  IP: Logged
Fidel
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posted 17 November 2004 09:59 PM      Profile for Fidel     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
Originally posted by Cougyr:

Notice that while Bush wants Americans to dig deep for their war on terror, when it comes to things that matter for people at home, he wants poeple to volunteer.


Yes-yes, and herr Bushler would like more young American's to do the ultimate in volunteer work for Uncle Sam - ship out for Iraq. And dubya will do his bit when it comes time for photo ops as he serves up rubber turkey to thousands of trained psychopaths whose job it is to secure "the gasoline." Sounds like a scary Mad Max flick to me.


From: Viva La Revolución | Registered: Apr 2004  |  IP: Logged

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