There’s a US grocery store chain
that beats Wal-Mart prices and is
also employee-owned. Over 400 of
WinCo’s non-executive employees,
including cashiers and shelf stockers,
have pensions that are worth over
a million dollars apiece. SourceSource 2
GREECE, Thessaloníki : An elderly man is crying outside a national bank
branch as pensioners queue to get their pensions, with a limit of 120
euros, in Thessaloniki on 3 July, 2015. Greece is almost evenly split
over a crucial weekend referendum that could decide its financial fate,
with a ‘Yes’ result possibly ahead by a whisker, the latest survey
Friday showed. Prime Minister Alexis Tsipras’s government is asking
Greece’s voters to vote 'No’ to a technically phrased question asking if
they are willing to accept more tough austerity conditions from
international creditors in exchange for bailout funds. AFP PHOTO /Sakis
Student debt in America: no matter how hard things get, student loans cannot ever be charged off or written off even in bankruptcy, because a deal’s a deal and students need to pay off their debts & be fiscally responsible and live up to their financial obligations
Pensions in America: yeah well look here, I know the company/state promised all you workers stuff 30yrs ago and in return you took less pay and you’re ready to retire after having lived up to your part of the bargain, but things changed and times are hard for billionaires now. you can’t expect poor ole multi-billion dollar corporations or the state to live up to those old financial obligations…suckers
If you’re a state employee in Texas, you could soon be stripped of your paycheck and pension if you obey federal court rulings that Republicans don’t like.
In response to federal court rulings striking down same-sex marriage bans, Texas Republicans have introduced a bill in the state legislature that would punish state workerswho don’t reject federal court decisions ruling same-sex marriage bans…
With union members chanting “Bernie! Bernie!” behind him, Senator Bernie Sanders sought to burnish his populist credentials for president on Thursday as he introduced a bill to protect the pensions of millions of retirees from the threat of deep cuts.
Mr. Sanders railed against a spending bill approved by Congress last December — and signed into law by President Obama — that included a provision allowing certain multiemployer pension plans to make deep cuts in benefits to retirees to shore up their finances.
At a news conference in Washington, Mr. Sanders said the economic system was “rigged” against working-class retirees. With wealthy Americans given tax breaks and myriad financial perks, “the very least that we can do is to keep our promises to people who worked and earned their pensions,” he said.
“We say loudly and clearly that’s not what America is about!” he shouted, jabbing his hand in the air. “Enough is enough!”
Will the Trudeau Liberals try to go where even Harper’s Conservatives never dared?
Canada’s Finance Minister Bill Morneau quietly tabled a bill this week that would give Crown corporations and federal private-sector employers the power to unilaterally back out of their defined-benefit pension commitments.
For both working and retired employees, the changes could mean dramatic reductions to retirement benefits they’ve paid into, budgeted around and assumed would be available for many years.
“Bill C-27 removes employers’ legal requirements to fund plan benefits, which means that benefits could be reduced going forward or even retroactively. Even people already retired could find their existing benefits affected, after paying in their entire working lives.”
An elite military unit consisting entirely of Christian boys who were taken as slaves around the age of six. They much like Spartan youths were raised up under strict discipline to embody unit cohesion and strength. The young Janissary were prohibited from growing facial hair (the power of the beard was not with them), training in any field other than the military, or marrying(they were expected to be celibate).
They were among one of the first armies of the age to wear distinctive uniforms. And unlike most militaries of the time period they received salaries, and even pensions upon retirement. Making them more progressive in those areas than other militaries of the time. Janissaries were far ahead of their time as well when it came to logistics. Utilizing entire support units to transfer supplies, complete other non-combat tasks, and even transport the wounded to specialized field hospitals (another inovation).
On top of that even as Slaves they retained a large amount of status and power, eventually gaining enough power and influence to attempt a coup (which failed and lead to their eventual disbandment).