It's a retirement pension, it becomes active when I'm 62 or something.I think you said you're 30. So with a $250/m pension, you're looking at $105,000 GROSS income over 35 years til you're 65.
With that said, let's assume your buyout is probably around 25 grand?
25 grand invested over 35 years > $105,000. I'll tell you right now.
oop sorryIt's a retirement pension, it becomes active when I'm 62 or something.
Are you positive the pension is controlled by the Company and not a Union? The majority of grocery store and warehouse pensions are controlled by unions.Got the amount finally.. it's laughable at best. The only reason I'm considering it is because in the long-run, $250/mo is small and I fear the company may not survive a couple more years. I could be completely wrong, so it's a gamble.
I don't think unions offer buyouts as a rule of thumb. Remember not all groceries are union, just most.Are you positive the pension is controlled by the Company and not a Union? The majority of grocery store and warehouse pensions are controlled by unions.
It's Union but a shitty single employer plan. Best to get out if you can and invest it yourself.I don't think unions offer buyouts as a rule of thumb. Remember not all groceries are union, just most.
That's weird, so it's a union with the company's hooks deep into it since it's just a union for the one company? First I've heard of a grocery union like that. Sounds like the worst of both worlds if so - all the restrictions of the union with none of the power behind it.It's Union but a shitty single employer plan. Best to get out if you can and invest it yourself.
What do you mean big hassles for HR?That's weird, so it's a union with the company's hooks deep into it since it's just a union for the one company? First I've heard of a grocery union like that. Sounds like the worst of both worlds if so - all the restrictions of the union with none of the power behind it.
I'm anti-union in general (big hassles for HR especially) but I can't imagine that even has any upside for anyone, whereas I can at least see union's helping some workers in the normal mega-union situation.
Well, to be fair, I always avoided working for union employers, so it's all second hand - but always sounded like they complicate normal things like handling how escalation of problem employees get dealt with, an extra layer to deal with the debates over yearly benefits adjustments, ad nauseum.What do you mean big hassles for HR?
I guess it depends on the Union. I loved dealing with Unions in Chicago because everything was in the CBA and the Union sent you people when you needed more. The office workers were more of a fucking pain then Union guys.Well, to be fair, I always avoided working for union employers, so it's all second hand - but always sounded like they complicate normal things like handling how escalation of problem employees get dealt with, an extra layer to deal with the debates over yearly benefits adjustments, ad nauseum.
Yea, remember I was grocery HR specifically for almost all of my years - so you're talking Teamsters I'd have to worry about on the trucking side (probably one of the most infamous union, at least top 5 territory) of the equation and then the grocery unions which are relatively high up there as well for their power level.I guess it depends on the Union. I loved dealing with Unions in Chicago because everything was in the CBA and the Union sent you people when you needed more. The office workers were more of a fucking pain then Union guys.
Teamster warehouse workers are fine, Teamster truck drivers are the most obnoxius shitheads you could possibly meet. Every fucking Cba negotiation always get held up because of the fucking drivers.Yea, remember I was grocery HR specifically for almost all of my years - so you're talking Teamsters I'd have to worry about on the trucking side (probably one of the most infamous union, at least top 5 territory) of the equation and then the grocery unions which are relatively high up there as well for their power level.
Do keep in mind though, the yearly "meet with the owner" little conference the HR leads + regular upper management would attend each year have he'd hammer on the list of reasons to remind employees to not try to unionize - and I was a constant messenger - so might well be some indoctrination/misinformation behind my opinion.