[QUOTE=BMCSRetired;83006]OK, let me play the Devil’s Advocate (donning my Al Pacino mask) for just a second and like C-Captain I am not trying to start anything:
If the owners are getting the quality of people they want for the money they are paying, why would they want or need to pay more than that? It’s their money and their investment. Speaking personally, I would not.
It would be nice and CHOUEST does have a decent 401k program but they did not take us to raise and this is a capitalist society for now.
I will pose another question: If the pay was less but you could retire (at reduced pay) after twenty years, would you take that instead of the renumeration you are receiving now?[/QUOTE]
I agree with you that the owners are not going to do much unless they are forced to. It is not much different than the travel pay, or pension plan, they are probably not going to do anything until they can’t get any help. I don’t see that being a problem for a long time.
I worked for a company that had a pension, along with a 401K, unfourtantly they sold out. I got laid off, like about 50 other people.
The company I work for now has about the same 401K as everyone else, I max mine out every year. I would volunteer anyday, that next time instead of giving us a 100 dollar a day raise, give us a pension.
I am not one to jump ship for a few bucks a day, but their are alot of people that do and will, for 25 or 50 bucks. I think it would help to keep some people long term, by having benefits and a pension that you can look forward to, but only if you stay put fot a while. I can’t see where it would hurt anything except cost the owners a few bucks, but they would get to keep more experienced people, by doing it.
I have been setting up my own retirement by buying property and making some investments, but not everyone is in the situation to be able to do that.