Originally Posted by
Grumble
How about the guys who were already retired, and had their pension stolen? How’d they do? How about the guys who were on their way out, or only had a few years left? The market has its ups and downs but it’s never been worth zero.
Depends on who you are talking about.
Eastern pilots saw what happened at Braniff and restructured their "A" plan. Retirees continued received 100% of their A fund annuity payments after the bankruptcy.
Continental had/still has a lump sum...frozen in 04.
United Pilots took stock.
