|Quoting aacun (Thread starter):|
Its ironic because the pilots pensions are whats hurting the most.
|Quoting tugger (Reply 6):|
However, as I read the OP, as the pilot's pensions are not being included in the "freeze don't dump" offer they are not seeking to keep/freeze them. In other words the pilot's pension is still in line to be dumped over to the PBGC to relieve the carrier of its cost burden.
|Quoting ckfred (Reply 7):|
My assumption is that the offer is meant to put some pressure on the APA to agree to some management bargaining points, such as the issue of lump-sum payouts, in order to also have their pensions frozen. Let's face it, if the pilots' pension are terminated and taken over by the PBGC, pilots will see less pension than if the plan was frozen, because of PBGC limitations on payouts to retirees.
|Quoting tugger (Reply 8):|
So now we have to see if the others will agree to what is being proposed.
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