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Old 29th August 2008 | 17:10
  #25 (permalink)  
wileydog3
 
Joined: Sep 2005
Posts: 416
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From: No one's home...
I dont see your point at all!
Yes, I realize that. You are arguing they must quit. I was pointing out the error about how pensions are earned and paid. Two different points.

But the argument some made was the company provides the pension as though they woke up one morning and said, "you know.. Hanguren is old and no longer works but we are going to continue giving him some money." That is NOT how pensions work and the correct term to understand them is deferred compensation.

The other specious argument was that because some young turks wanted a job that the old turks must quit. That smacks of entitlement and more and more we see that philosophy (somebody OWES us!) in the US. It is a sad commentary.

IF the law says that at age 60 you must retire, fine. That too is something that was negotiated. Fortunately here in the states, we have had the age 60 law removed... not that I wanted to continue flying for an airline.
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