Originally Posted by
Skyone
Moak showed his true colors during the DAL BK, basically taking a bribe on ALPA's behalf to not make objections (grievances) to the termination of the pilot pension plan.
That "bribe" put $650M into our collective DC accounts that, when combined with the claim, gave us about a $2B headstart on replacing a DB plan that, by all accounts, we would have lost one way or the other.
Originally Posted by
Skyone
No grievance to the termination of the unqualified pensions either.
I don't know much about R&I stuff, but aren't unqualified funds always at risk if the carrier goes under or the plan is terminated?