Originally Posted by
Ottolillienthal
The answer is easy. This is Pfrends of Pfred 101 folks.
The senior bubbas and the grey beards at CAL (Old CAL Captains) nearly universally voted YES for POS 02. Why? Because they got to keep their A funds at the expnse of everyone else who lost time (time is money). We lost 5 years off our careers, 5 years of reduced earnings, and we lost our pensions due to a threat of a liquidity short fall. The only people who benefited from POS 02 were the senior grey-beards who froze their A funds and had their annuity or lump sum totally preserved with zero risk.
The senior guys want us junior guys to vote YES for anything that gives them more money on their way out the door. They would sell their grandmother's funeral dress if it got them a few more dollars at our expense.
I had one old CAL Captain tell me "screw scope" I am so senior scope won't bother me one bit. My response: "how many Airbus 330's would it take to get your attention being flown by offshored-outsourced labor? That doesn't bother me he says. Why not? I think once Jeffey sees the green light, he will expand his littler Aer Lingus Air Force and start taking out some real jobs and killing some real careers, Captains and Co-pilots alike will get hurt if the Aer Lingus thing is not killed.
Going after the lump sum option?
TA 22-B-2 Filing of Request for IRS Ruling
Within ninety (90) days following the effective date of this Agreement, the Company shall file a request with the Internal Revenue Service to determine whether, and under what terms and conditions,
airline frozen plan funding relief with respect to the CPRP may be voluntarily revoked. The Association shall have the right to review and comment upon the letter at least thirty (30) days prior to its delivery to the Internal Revenue Service and to participate in any resulting telephonic or in-person meetings with the Internal Revenue Service. The Company shall provide the Association with copies of any correspondence with the Internal Revenue Service relating to the request. If the Internal Revenue Service issues a favorable ruling, then the Company and the Association shall, within sixty (60) days following the issuance of such ruling, meet and agree regarding whether developing a cost-neutral defined benefit plan is practical. Neither party is under any obligation to agree to the implementation of such a plan.