Originally Posted by
FDXLAG
Name one company. Ask a guy who retired from NW in 2000 if he got screwed, make sure his buddy from USAIR is in the room. Getting screwed is relative (redneck jokes please).
Ask a NWA guy who is planning on retiring in 4 or 5 years how great a frozen A plan is.
You must realize that Pensions are deferred compensation. That is money you already made years before just agreed to as a pension in lieu of a higher hourly rate.................................It is like taking a retro active Pay cut from 15 years ago.
Freezing a pension is still a screw job!