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In reply to the discussion: Sunday's Doonesbury- Day Laborers [View all]The Jungle 1
(4,552 posts)Which is why the trade unions in my area have excellent early retirement plans. These workers have to get a certain amount of hours in over time and then can retire. It amounts to 30 and out. But you may have to put in more years because of bad years of little work. Retirement at 55 is not unusual. I never said the work was cushy, it is low stress.
The issue you bring up is important because republican keep talking about raising the retirement age. For the Americans who do physical labor for a living increasing the retirement age is not something that can happen. 65 year old carpenters or iron workers is not something that will workout.
What I would like you to consider is if the Unions can offer and fund these early retirements then so can corporate America. The trade unions run/manage their own pensions. They collect the money from the companies and invest it. They have an excellent record with these funds. So the question is why can't corporate America and our state governments do the same?
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