Thread: New Contract Opener 22 Dec 15
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Old 12-23-2015 | 05:53 AM
  #37  
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Timbo
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From: Going to hell in a bucket, but enjoying the ride .
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Originally Posted by MDPilot
All the talk about restoring retirement to 60% FAE, the PBGC would consider that a "follow-on plan" which it considers "abusive" to the insurance program. Result, the PBGC will undo the original pension termination and the company would be liable for all the original underfunding. What do you think the chances are that Delta would agree to any of that in a new contract? http://www.pbgc.gov/documents/lfad/ltv-restoration.pdf
I would say that if the PBGC tells them they HAVE TO take the pensions back, Delta doesn't have a choice, right?

There should be a law to prohibit buying back stock with underfunded pensions, where are our PAC dollars going on this?
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