03-20-2014, 10:07 PM
(03-20-2014, 07:59 PM)Eric.B Wrote: It's actually a developed world thing. In most of the developed world if you work in a trade skill that is represented by a union, that union attempts to get companies to invest in retirement funds or pensions for their members. I know this is true for most European and American manufacturers. It is probably the same for the AMWU as well...
It's a wording thing. As I said in Australia a pension is a federal government thing. We do have retirement funds but we call them Superannuation though I don't think they work the same as the American ones.
I would say if they are introduced their exact effect should depend on the country your mill is in (and be different for each mill in a different country). In Aus they are government regulated and essentially are just and extra 9% pay that gets put into your retirement fund which for us would simply appear as higher wages for Australian factories. I dare say the European and American ones not only work very different to that but also different to each other.