They also, on average, get a $50,000/year benefits package, including a fixed-benefit pension. Plus paid overtime. That's not high, or astronomical, it's absolutely outrageous.
They also, on average, get a $50,000/year benefits package, including a fixed-benefit pension. Plus paid overtime. That's not high, or astronomical, it's absolutely outrageous.
Wow. One of the factors contributing to the problems that many, many cities across the country have. Pensions should always be tied to rates of return of what the employee and employer put into the plan, otherwise future workers or tax payers will end up footing the bill when the market goes lower than the pension requires to break even.
Fact: California and Illinois have huge debt problems. They both have really high taxes yet still can't fix them. These problems are both, funnily enough, related directly to underfunded government pension liabilities, related directly to public services with strong unions involved. In essence, precisely what you are saying is false is exactly what has happened in these states.
https://news.ycombinator.com/item?id=5975252
"Did you know that there are currently 3,459 BART retirees, and that the average pension payment per retiree/beneficiary is only $21,049?"
The news organization didn't even bother to cite their source. We don't know where they're getting their information from. Seeing a slide doesn't tell us anything. They could be reporting the misleading information that the comment I linked to you goes through. Or information given to them from management over at BART. Especially when there's conflicting information, it makes no sense to trust one side over another. Especially when it's management vs. labor because both sides want to appear as best as they can to the general public.
(Assuming you live in America, that is.)
Not much else to say, just wanted to point out that the decision to strike is not taken lightly by any union. The potential downside is huge.
It is also hard to even hire temps. They must cross the (sometimes aggressive) picket line, get called names (like scab), etc. Then there is the chance that the would-be temps are also in a union and therefore unable/unwilling to take the temp job.
There was that one time that all the striking air traffic controllers got canned and permanently replaced[2]. But that was federal and Pres. Reagan got in on it. So that is not likely to be an option with BART.
[1] http://en.wikipedia.org/wiki/Extortion [2] http://www.politico.com/news/stories/0808/12292.html