Originally Posted by
Denny Crane
All of the above happened in bankruptcy court. Do you expect that to happen again? What is the money in the D&S plan for if not for disability AND survivorship. What is all that money really doing for us now (beyond the disability part)?
I should also add it's funding the first 60 million dollars of our sick leave too!
Denny
Do I expect it to happen again? I certainly hope not, but the list of airlines that have gone to the courts twice is quite long. Remember when Delta had 17 years in a row of customer service awards? How about when DAL and NWA were the models of financial success in the industry? Sorry for my pessimism. I work in the airline industry....every day is a new day.
You're right, the money is for Disability and Survivorship. Right now I'm told the majority of the funds are paying disability benefits (mostly non-seniority list), but supposedly there's a big wave of survivor benefits that will start being paid. I think most of the funds in the Trust are allocated to fund those future survivor benefits. I can see us hitching our wagon to a D&S survivor benefit just as the Trust gets sucked on hard, potentially leaving our survivors with an empty bag. Again, no thanks. JL's idea is a non-starter with me.
Show me the money in my name, please.