Originally Posted by
captjns
The pension grab, silently supported by the group of pilots wiped out a major portion of their retirement benefits. Those within a couple years of their reitrement had budgeted their lives based on the terminated pension plan. You're OK with that. Tell those who lost their retirement that you're OK with the pension grab. I'm sure they'd love to pat you on the back while you drink that special glass of Koolaide.
On another note, are you that naive to think that LH pilots, for example, would stand still for even a nanosecond if their retirement benefits were terminated?
By the way Grumble, how many years were you with FR?
JNS:
If you have time, check out this documentary on the UAL pension fiasco. It's a story that goes far beyond one company. You can judge for yourself where to point the finger at. We also spent several years under a court injunction for "misbehavior" in the wake of all this. Not sure how such a scenario would play out for LH. With that, I'll get off the thread. Merry Christmas.
http://www.pbs.org/wgbh/frontline/film/retirement/