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Politics : Right Wing Extremist Thread
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To: Oral Roberts who wrote (6180)3/12/2001 4:10:54 PM
From: Mr. Whist  Read Replies (1) of 59480
 
Jeff and James: Re your pension equation:

How is this particular pension plan administered? Joint union-company? Just company? Just union? Is it a defined benefits plan, a cash-balance plan, or somethng else? Is the plan presently underfunded or overfunded? How long has the plan been computed at $3.60 per hour? How long has the plan been in operation? Has the $3.60 figure risen incrementally over the years? If so, provide a history? Does it have a trigger mechanism? What is the exact benefits formula, i.e., years of service times average salary times another factor? Is there a projected expiration date for the pension plan? Is this pension plan commingled with other pension plans? Who manages the pension plan? Who determines investment direction?

After these questions are answered, then perhaps we can shed light on why this $750 per month per employee after 25 years is about half of what it should be.
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