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Posted March 29, 2017 1:05 pm by WirePoints Comments (3)
Comment: We’ll be writing soon about this pending pension legislation. One thing for sure is that it shouldn’t be called “comprehensive.” Maybe “comprehensive given court rulings” would be fair.
A salary freeze would not have to include all employees. A Tier 2 employee should have a higher salary than his Tier 1 equivalent as their retirement benefit is smaller. Just create 2 salary schedules: freeze Tier 1 and let Tier 2 have its normal increases, thereby having no impact on attracting new employees. No age discrimination as Tier 1 contains folks in their 20’s. In fact, a Tier 2 employee should file a discrimination suit for doing the same job as a Tier 1 employee for lower pay.
I think you are probably right, and the unions will challenge this based on what they’ve said in the past.
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