Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mishedlo who wrote (108710)	2/23/2010 12:08:14 AM
From: Jet.Screamer	2 Recommendations Read Replies (1) of 116555

In Connecticut the unions took a pay freeze and furlough days in exchange for two years without layoffs, in other words a pay cut. There were also concessions on health care premiums and requirements for newer employees to contribute more for health care. So contrary to what many believe being in a union does not always protect you from layoffs and you can be fired for poor job performance. Also the state pension has been watered down twice. The hazardous jobs are the ones with great pensions, work 20 years and retire with I believe 80% of your salary. Otherwise if you retire after 40 years you will only get a little more than 50% of your salary. Please note this is in regards to state positions and as there are many unions I can't say this is true for all unions, I only have knowledge of some of the unions. BTW after the two year period has expired there most likely will be layoffs.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next