BUT (there's always a but) if your income is so low you get GIS, that will be reduced because of the 'income' from the rrsp/rrif withdrawal. AND won't you be taxed on it too? Heads they win, tails you lose.
YES WE KNOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LIE-berals are GRAVY GRABBING SWINE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LIE-berals consider that any cash we have in our pockets is merely TAX REVENUE that has yet to be collected!!!!!!!!!!!!
Here is an older article illustrating an insidious problem that LIE-berals are ignoring! With some comments of my own in brackets):
Two-tier pension plans, at issue in the Canada Post talks, give millennials the short end of the stick
By Paul Daniel Müller, Special to Montreal Gazette.
Published: April 8, 2017
The labour dispute at Canada Post offers a telling example of how boomers are shifting the burden of their financial woes to the young.
(This is NOT being done by Boomers- its being done by LIE-berals buying civil service Hog votes at the expense of ALL others in Canada! Canada Post has ALWAYS been a greedy, selfish, costly thorn in the sides of Cdns- and never more so than in 1970 when then Letter carrier union president Darryl Bean crowed- after an especially nasty strike: “that Cdn letter carriers are now the best compensated civil servants in the world!)
(Further- there are a lot of Boomers in fixed incomes after having been forced to take early retirement regardless of what they could reasonably afford such people are just as frustrated with their situation as the kids!!!!!!)
In the current round of bargaining with the Canadian Union of Postal Workers, Canada Post Corporation is proposing that future postal workers — those to be hired from day one of the next collective agreement — get an inferior, defined-contribution pension plan, whereas current workers would keep their defined-benefit plan.
(LIE-berals are simply recognizing that there is NOT enough gravy to keep ALL the Hogs happy! Some may have to go short! And of course Posties are essentially operating the nearly obsolete adult equivalent of a delivery boys paper route in an era of e-mail and texting!!!!!!!!!)
(In my own case- the defined benefit pension the private company I worked for was switched over to an open ended mess fund by company profit sharing! But as the company was being badly managed -there was no profit and therefore NO PENSION! This is the UGLY REALITY of bankruptcy!)
(In 2017 -Wynne-bag LIE-berals altered corporate law related to pensions- becasue so many company pensions were in the red - LIE-berals wanted to make things LOOK BETTER! So LIE-berals decreed that pensions that had enough funding to cover 85 percent of their obligations would now be considered FULLY funded!)
(This is - in part- why General Motors pensioners have suffered through 3 pension reductions as the company withers! And it is why former Sears pensioners will be getting MUCH LESS than they expected! It is LIE-berals fiddling with debts yet again!!!!!!!!!!)
As usual, management is asking for concessions, while the union is trying to make some gains. This is normal. What is striking is that compensation rollbacks, should they occur, would be borne not by all Canada Post workers, but primarily by new hires.
(Clearly this is not fair to the kids- but senior Hogs will go berserk if their demands for gravy are not met!!! And there are a lot of retired Posties with their own demands!!!!!!!!!!!!!!!!!!!)
(Aging union Hogs are the minority among Boomers!!!!!!!!!!!!!)
If compensation for postal workers is greater than what is observed in the job market for positions requiring comparable skills, you might think that current employees, who benefit from this premium, might legitimately also be those called upon to shoulder the burden of adjusting to market realities. You might think that a new hire, typically a young man or woman in their 20s or 30s, with a fresh mortgage or a burgeoning family, might need the money more than a 50-something empty-nester with a paid-off mortgage. Not so. Nowadays, according to some twisted interpretation of intergenerational solidarity, it appears that it is the young, not the old, who are asked to bear the brunt.
(LIE-berals speak often -with passion - of fairness and equality- but all they really want is to remain in power at any price! Posties are essentially operating the same kind of newspaper delivery job I had as a kid! Their fall from being lords of the working world has been harsh but necessary!)
(The Postie monopoly stranglehold on mail delivery has been BROKEN as a result of their own GREED!! Govt gave companies like Fedex permission to operate in Canada as a result of Postie GREED and repeated strikes!!!!!!!!!!!)
Humans and animals are biologically programmed to protect their young — the future of the species — before saving their elders. But in our aging society, elders are off-loading to the young the burden of adjusting to market conditions. In the context of collective bargaining, this practice has been termed “orphan clause,” because younger workers cannot rely on the protection of their elder colleagues.
(Young Posties are not children! They are ADULT HOGS and they have equal access to ballot boxes at union halls and election polling booths! In addition - ALL unions are programmed to protect those with SENIORITY!!!!!!)
(Some species such as Bass and Alligators- and LIE-berals as well apparently- are not hesitant to turn cannibal and gobble up young who are to slow to hide! Frankly this LIE-beral “eat the young” policy is a function of the fact that so few kids bother to vote! LIE-beral logic is simple and direct- if you don’t vote in protest then you must not mind being screwed by LIE-berals!!!!!!!!!!!!)
Orphan clauses establish two tiers of workers, performing the same work, with the same skill sets.
Do you believe in equal pay for equal work? Labour standards, as well as the Charter of Rights, already prohibit wage discrimination based on gender, race and age. What about date of hire? Barring the unlikely event that new hires are not generally younger than the existing workforce, discrimination according to date of hire is a systemic form of discrimination based on age.
(Sadly, Cdns are now so angry at civil service Hogs that they seem not to have sympathy for young Hogs that are being discriminated against by older PIGS!)
How do orphan clauses occur? In collective bargaining, management and unions each defend the interests of their constituency: shareholders and workers. Future hires are outside union membership during bargaining, and so cannot be heard at the bargaining table. Some employers look for expedient ways to cut costs, irrespective of ethics. They push for two-tier systems, in wages or benefits, understanding this is the line of least resistance by unions.
Usually, unions initially resist such proposals. But at the end of the day, they often prefer to sacrifice new hires than give ground on something that hurts their existing base.
(Govt is working to close down the money losing Post Office- gravy grabbing posties or at least push them into break even mode so govt does not care what happens to kids who may be fired when the Post Office dies? How to divvy up the available work is up to the union!!!!!!!!!!!)
The labour code is a device designed to balance the strengths of management and unions, and thereby achieve fairly bargained outcomes. The device fails when both parties agree to shift the burden of cost cutting to a third party — future hires — that is absent from the bargaining table. Legislative action is therefore warranted to correct this failure.
(Except that our labour code was NOT designed to deal with a union possessing a monopoly/stranglehold on an essential service- which is what the Post Office USED TO BE! NOR is the labour code set up to deal with a now nearly irrelevant Post office!!! But all Hogs stand together- regardless of what is fair to tax payers - its Hog one for all and all for one. Its how Toronto Garbage men got jobs for life!)
(Unions are quite happy to see kids hired as Posties- but union management does NOT CARE about wage discrepancies! Now retired union Hog Buzz Hargrove was representing striking Air Canada workers and Hargrove actually BLAMED prime minister Mulroney for not stopping the strike!)
(Hargrove pointed out that if only Mulroney would forget about collecting $20 million dollars in income tax from Air Canada Hogs- then the union and company would have enough money to make a deal! Just too bad for other tax payers who would have to pick up the Hog slack! Mulroney wisely SHUNNED that deal!!!!!!)
Orphan clauses on wages are already prohibited by Quebec’s labour standards law. Canada Post could argue that federal law contains no such provision, either for wages or benefits. It could also argue that orphan clauses are not new. Still, it could be suggested that the government of Canada has a fiduciary duty to younger workers unable to fend for themselves within the framework of collective bargaining. Canada Post reports to Public Services Minister Judy Foote. Thus, the government could and should instruct Canada Post to pursue cost-cutting by other means than by shifting its burden to youth.
(That`s nice! Quebec also gets $11 billion dollars a year in federal transfer payments in exchange for voting LIE-beral! So Quebec can afford to be more generous with the Hogs!!!!!!!)
(The obvious problem with prohibiting such wage cuts for the Hog young is the fact that private sector is also doing similar wage cuts! This is why so many kids are working in short term, and contract and temporary positions! Alleviating wage pressure on civil service that is ALREADY being paid one third more on average than private sector gets for similar work is clearly discriminatory and will give rise to even greater friction between public and private sectors!!!!!!!!!!!!!!!!!)
Politicians of all stripes love to speak of their commitment to youth, hand on heart. But talk is cheap. If the Trudeau government allows its largest Crown Corporation to balance its books by soaking the young, millennials might take note.
(LIE-berals appear to have decided that Posties are disposable and thus fair game for LIE-beral grand standing! LIE-berals do not like that the public accuses them of bending and licking the boots of any civil service union that demands it- so LIE-berals are showing their`independence` by being `tough` with Posties??? But we KNOW LIE-berals will cave in time since they NEED those Hog
votes !!!!!!!!!!!!!!!!!!)
Paul Daniel Müller is a consulting economist in Montreal.
(Postal union has averted this threat to the young for now- but it has NOT gone away! It is just flying under the radar- hidden by more urgent issues and will resurface once new contract talks begin! With additional pressure being brought to bear by dead broke kids in the private sector as election time approaches!!!!!!!!!!!!!!!)
