Agreed, but what about that person who puts in 20 and finds that their 50 yrs old and only having 1/4 of their pension paid in on? Are they supposed to work until their 90? As I stated before,nobody wants to take A cut,but everybodies situation is different. I look at us as the mirror of social security,not enough people paying in and to many taking out. The only answer is more people paying in. When was the last time we organized anyone? If that does'nt happen the govt will wind up taking over the pension. You can guess what that will do to it! Sadly if the union does'nt have A pension to offer,no nonunions will be interested in joining.
It would be a most difficult position to be in... to be in your 50's and have only a relatively small number of credits towards a full pension at this point in time...Your concerns are valid ones....True.. no one wants to to take a cut..Consider how much more frustration you would feel if you had already worked 30 yrs or more and then took a cut at a time in life you wouldn't have any options or hope to make it back up again?.. ..We, the Unions, are not really " the mirror of social security"... Social Security is paid for by every worker through deductions in their wages.. without respect to Union membership or not..each new worker in the work force pays in...With Unions...only Union Members pay in..and yes it's sad to note that declining membership means that more are, and will be, receiving rather than contributing especially as we go forward without solving the fundamental issue of contributing employers..... Every ones situation is different...but not all that much different in the regard that we all consider the Pension an important part of Retirement...You are right about the answer...it lies in bringing in more contributors...that part of the equation needs more serious discussion on how to achieve that...and yes I already know that it is an uphill battle to say the least..but not impossible.....