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View Diary: Hostess Brands Goes Bankrupt (Again), Stiffs Workers For a Billion (125 comments)

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  •  Re (0+ / 0-)
    for decades workers make concessions with regard to current pay with the promise of a longer payout down the road via a pension.  The company in theory is freed up to invest and grow.

    This is exactly why pensions (especially public pensions) are a bad idea. You are always better off demanding compensation up front. Always.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Wed Jan 11, 2012 at 09:13:44 PM PST

    [ Parent ]

    •  Pensions have tax advantages... (0+ / 0-)

      Same with health insurance- they're not taxed so you're better off taking, say, $2 an hour in tax free benefits rather than $2 an hour in taxable pay.

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