Again, that's my point....with my company matched 401K, along with our portable pension, $3000 a month won't be half of mine either!!
Your retirement is your responsibility...period. The problem guys have with our pension is that is was only instituted about 8(?) years ago, before then, the company offered a bigger percentage match toward our 401K. Guys who have 20 years with the company only have about 8 years in the pension which is why their projected payout is so little but they don't realize for years, our 401K was our retirement. Just because they either didn't contribute or they did and played it safe which resulted in small returns is their fault, no one else's!! Now they want the company to provide a secure retirement because they didn't plan for it themselves when they were given the opportunity!!
I don't despise the union, only the teamsters, there are other good unions out there.
Compared to our competitors, we're right in line with where we should be...we enjoy the best compensation package of all of the non-union carriers and we aren't far behind the union carriers....and we don't have to put up with the baggage that the IBT brings with them!!