[quote=asianautica]The way I see it is, they get paid $60k in cash, $15k (your #) in current benefit, but $75k in benefit they’ll receive when they retire themselves. My question is, why draw a hard line in the sand when negotiating w/ a company that is on the verge of bankruptcy?[/quote]
So, do you count your future social security benefits in your reported income? If you make 60k, do you say you actually make 100k, due to the benefit you’ll receive when you retire? Will you increase your “total” income when social security has its inevitable shortfall? Under this logic, the bigger the social security deficit, the more you make…
As to the UAW not negotiating, I agree, its their funeral. If they were wise, the UAW would’ve required these retiree benefits be funded and set in a trust. Hindsights always 20/20.
