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View Diary: My 62-year old father was let go yesterday (295 comments)

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  •  It's about benefits costs = long-term liability (8+ / 0-)

    My organization still offers defined benefits, so they have a stake in paying lower salaries as well as paying out less per month for health care, which they would also have to continue for employees who had done enough time.  They're currently enjoined from hiring "independent contractors" to do the work without benefits, but it's only a matter of time before they buy a waiver from the state legislature.  

    "A city for sale and doomed to speedy destruction if it finds a purchaser!" -King Jugurtha of Numidia

    by LucyandByron on Sat Jul 23, 2011 at 10:40:23 PM PDT

    [ Parent ]

    •  Defined benefits pension plans (4+ / 0-)
      Recommended by:
      angel d, mmacdDE, midwesterner, Seamus D

      have mostly gone the way of the Dodo bird unfortunately. Ironically, in the past, pension plans were tremendous leverage in keeping older workers salaries from growing. If you have 25 years with a company and 5 years to go before pension vesting, you're not likely to get much if any raises over the last 5 years.

      As for independent contractors (1099s), I think its hay day is over. The IRS has been cracking down fiercely. And now with ACA, we'll see even fewer 1099s.

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