I don’t know about you…but it really upsets me to hear about companies that keep cutting retirement benefits for those who have worked all those years for those benefits. I really believe it should be illegal to change the benefits, due to a retiree. I think whatever benefits were in the contract at the time of the worker’s retirement should be enforced until death. A retired worker lives on a fixed income provided by the pension and benefits afforded them at the time of their retirement…taking that away or lessoning what they receive is at the very least immoral in a world that we all know is getting harder and harder to make ends meet. Reducing the income of a person who based their decision to retire on what they were promised at the time of the retirement just feels wrong. How can we expect them to survive in a world that the cost of living is rising disproportionately to the amount of money they receive on a monthly basis; reducing that amount should be considered criminal.
It seems to me that when a person works for a company for x amount of years, and retires out of that company with certain benefits…it should remain unchanged; meaning…whatever benefits are available to them at that time should remain in effect for life.
All of these companies who are restructuring by cutting those pensions and benefits appear to be ruthless to me. Cut back in other ways…but, dont cut the throats of the former employees on whose backs you built your business in the first place. Take care of your retirees; present employees, don’t resent the retirees… without all of their hard work…you may not have had the company that you now work for. Cut back on new hires in the work force, cut back on production costs, cut down perks for CEOs or executives, cut back on pay raises or some other means available… take care of your present employees and your retirees. Cutting your retirees benefits feels unethical to me. What do you think?
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