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isn't the USPS really a mess because of retirement funding/pre-funding?
The Truth About The Post Office's Financial Mess
my dad worked for the government--they get too much/too good retirement
....these police/federal employees/etc are making more in retirement than some middle class workers
https://nypost.com/2018/02/20/retired-sanitation-worker-rakes-in-285k-a-year-from-pension/The average Department of Sanitation pension is $49,405, according to the Empire Center.
Greek pensions were a problem for that country
Why Greece's pensions are key to the debt deadlock
Most of these fat pensions were created long before the global business landscape became hyper-competitive.
At one time, Sears WAS AmazonSears has been sucking long before Amazon beat them down. They tried to maximize profits by cutting service to the customer. They positioned themselves to compete with Walmart and failed miserably.
Sears did not change with the times. Like many other retailers, and companies that don't, they got steam rolled. I am more concerned with the growing Public Sector Pension crisis, than with those from private companies. We are all going to pay for cities, and states that have bent over for PUBLIC SECTOR UNIONS on our dime!
The golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
What's to blame for the problems at Sears? Amazon? Bad management?
CEO and primary shareholder Eddie Lampert has another idea: It's the company's own retirees.
Sears turned in another bleak quarterly earnings report on Thursday, and Lampert complained about the billions of dollars that Sears owes its former employees through pension plans.
Lampert said Sears has paid almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
Wait until driverless vehicles become the norm. About 20% of the labor force will be unemployed
I’m sure it will be blamed on the blue states
At one time, Sears WAS AmazonSears has been sucking long before Amazon beat them down. They tried to maximize profits by cutting service to the customer. They positioned themselves to compete with Walmart and failed miserably.
They dominated catalog sales and sold everything
My grandfather had his house built by Sears
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
In Conservatopia, it’s always the greedy workers fault.
The whole concept of pension programs are fucked up, embraced by fucking spineless cowardsSears made the deal with their employees......it was part of compensationThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
What's to blame for the problems at Sears? Amazon? Bad management?
CEO and primary shareholder Eddie Lampert has another idea: It's the company's own retirees.
Sears turned in another bleak quarterly earnings report on Thursday, and Lampert complained about the billions of dollars that Sears owes its former employees through pension plans.
Lampert said Sears has paid almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
Sears should have funded its pension plan
yep, Basically it’s doing nothing for something. And passing the bill to a later generations...Most of these fat pensions were created long before the global business landscape became hyper-competitive.
Now we're gonna pay the piper. Just another self-inflicted wound.
.
That’s the problem with socialism it relies on other peoples money then when that money dries up they fuck over everybody elseisn't the USPS really a mess because of retirement funding/pre-funding?
The Truth About The Post Office's Financial Mess
my dad worked for the government--they get too much/too good retirement
....these police/federal employees/etc are making more in retirement than some middle class workers
https://nypost.com/2018/02/20/retired-sanitation-worker-rakes-in-285k-a-year-from-pension/The average Department of Sanitation pension is $49,405, according to the Empire Center.
Greek pensions were a problem for that country
Why Greece's pensions are key to the debt deadlock
Just passing the bill to later generations that’s all it is… Socialism is for the fucked in the headMost of these fat pensions were created long before the global business landscape became hyper-competitive.
Yes, letting people retire in comfort was a terrible idea.
Hey, Mac, keep telling us how you are a liberal. That never gets old.
People that think pensions are a good thing want something for nothing, much like socialismThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
What's to blame for the problems at Sears? Amazon? Bad management?
CEO and primary shareholder Eddie Lampert has another idea: It's the company's own retirees.
Sears turned in another bleak quarterly earnings report on Thursday, and Lampert complained about the billions of dollars that Sears owes its former employees through pension plans.
Lampert said Sears has paid almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
The whole concept of pension programs are fucked up, embraced by fucking spineless cowardsSears made the deal with their employees......it was part of compensationThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
What's to blame for the problems at Sears? Amazon? Bad management?
CEO and primary shareholder Eddie Lampert has another idea: It's the company's own retirees.
Sears turned in another bleak quarterly earnings report on Thursday, and Lampert complained about the billions of dollars that Sears owes its former employees through pension plans.
Lampert said Sears has paid almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
Sears should have funded its pension plan
Sears poor corporate decisions killed the companyThis is too bad...Sears has been my go to for decades....now their own retirees are killing it off....just like the nations cities and counties....and just the reason why American made cars are over priced and less than dependable.....
It is part of total compensationPeople that think pensions are a good thing want something for nothing, much like socialismThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
What's to blame for the problems at Sears? Amazon? Bad management?
CEO and primary shareholder Eddie Lampert has another idea: It's the company's own retirees.
Sears turned in another bleak quarterly earnings report on Thursday, and Lampert complained about the billions of dollars that Sears owes its former employees through pension plans.
Lampert said Sears has paid almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
