Originally Posted by
Timbo
What I would really like to see would be if ALPA National went to the PBGC, and showed them the amount of money Delta and United and US Air is making today, and how many billions those companies are blowing on stock buybacks, while the PBGC is going to be stuck with paying our retirements. I would hope the PBGC would force those plans back to the companies that flushed them in the first place, and we could all be restored to our pre-bankruptcy retirement plans.
That would be only fair, but Delta would argue that the PBGC has already agreed in writing never to attempt this. I think it would take a proof of fraud or misrepresentation in the original pension-dump negotiations to void that agreement.
