Thread: Bankruptcy !!
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Old 02-28-2009, 03:39 PM   #48
Hylton


 
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Join Date: May 2008
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Quote:
Originally Posted by dbotsfordtat View Post
Not true, the military gets that deal after 20 years, sooner if medically retired. I am not sure, but I believe municipal employees get a similar deal. Also, I have heard the term double dipper applied to Florida state employees, where they retire from a position such as Fire Chief after a certain number of years and are rehired the following day in the same or similar position, they then receive retirement pay and salary for the position. My father-in-law is retired UP and making out like a fat rat, before 65. Plenty of people living the good life besides UAW members.
I'm all for that actually. Most military don't make enough money to begin with and if they served their country for 20 years, then they deserve a decent retirement.

The problem with GM is that you have more GM retirees then you do have employees. How can GM possibly afford to keep doing that?
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