Originally Posted by
sailingfun
Or perhaps it was the plan being basically fully funded. There were a bunch of other retirement plans besides the pilots at AMR. None were terminated or in real danger of termination. Nine were even close to a distress funding situation and certainly did not meet the "but for test" required by the courts. Quite different then the situation at Delta.
again, you are missing the gist of the point....their retirement was 'fully' funded precisely
because of the manner in which the benefit was structured.
if my memory is correct, there is reference to this in flying the line....it was one wedge issue that drove the American pilots from alpa.....something about alpa being 'crazy' for putting all the retirement eggs in one basket.