Quote:
Originally Posted by JesseQuinn
moving from DBP to DCP is one of the main ways both public and private sector employers fuck over their people. At least this proposed move isn't forcibly switching current peeps from one to the other but still, props to the union for fighting this
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how is DCP fucking employees over? Employee works for $X, gets 5% or 10% or whatever contributed to his retirement account... it's his money, he decides what do do with it when he reaches retirement... so the whole setup is clean without any accounting games, etc.... where is the problem?
vs DBP, which is filled with issues... like... what happens when the company goes out of business? How much does employer need to contribute each pay period, 10%? 15%? how can we even calculate it? The answer is we can't... we can't predict how long people will live in 30 years, we have no idea what return there will be on the invested funds, etc... so the whole setup is just asking for drama down the road...
