Sunday, November 23, 2008

Canada Post Pension Loss



"Since December 2007 the CPCPP has lost $2 billion as a result of investments in stock markets." http://www.cupw.ca/index.cfm?ci_id=11351&la_id=1

Since Moya Greene bragged about how the corporation didn’t have to make any contributions to the Pension Plan in 2007 because the plan performed so well, does that mean they now have to put twice as much into the plan since it performed poorly this year?
http://www.moyagreene.com/mgep.htm

If Moya Greene insists employer contributions are based on fluctuations in the market instead of the age old matching of employee contributions to the plan, then it has to go both ways. Last time the Plan performed poorly the employees had to give up their severance pay. Then as soon as it has a good year Canada Post stops making contributions to the plan. What about now?

Since the plan has performed poorly this term and Canada Post made zero contributions when it performed well, then natural justice cries out that they make up the difference. That is Moya Greene’s deal not ours.

Since she told the world the Pension is fully indexed then she has publicly committed herself to that contractual obligation. Don’t let her destroy the pension any more than she already has. Save the Dream get rid of Moya Greene:

http://www.moyagreene.com

Mary Mary quite the contrary. Mary Travesty is quite the Travesty: http://www.canadapost.ca/AboutUs/News/Letters/NationalPost7.aspx

Mind you she’s just writing what Moya Greene tells her to. Moya Greene is the real travesty of justice. She admits that Canada Post is a large and successful company. At least it was. Before Moya Greene.

If they gave the Union two years notice of the closure of the Quebec Post office, why did the Arbitrator order Canada Post to hold on the move until they notified the union? Canada Post lies. At least under the direction of Moya Greene they do.

Closing the Quebec Post office did not improve services it dramatically reduced them in a huge city with a vibrant history. Moya Greene is not good at business. If you reduce all your services in a service based industry you will lose your business revenue. Employees did lose their job. They were displaced and all those positions disappeared.

Just as Eva:

http://www.youtube.com/watch?v=EE6LUhcIAYE

Eva was a former postal worker from Quebec who won Canadian Idol.


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