As lockout looms, Canada Post should not be in the retirement business

As Canada Post prepares for a lockout, observers should ask one simple question regarding the demands of the Canadian Union of Postal Workers (CUPW). Would the workers receive such remuneration in the private sector?The answer may seem obvious, but its explanation shows why union bosses are jeopardizing the futures of their members.The key dividing line between the CUPW and Canada Post management, among many demands, is defined-benefit pensions. The CUPW wants Canada Post to be on the hook for specified retirement payments for decades to come—irrespective of whether the funds invested in the present garner healthy returns or flop. Canada Post

Read More - The Fraser Institute