Originally Posted by
Ship741
I did not mean to imply that any one person received 40 years of retirement benefits, nor to imply that there wasn't real harm suffered by those who lost massively on the banruptcy. The point I made a was that the plan was in effect for that long or longer, probably paying benefits to hundreds (thousands?) Of employees who paid nothing for that benefit. I was trying to make an apples to apples comparison on total comp, not just pay, and certainly not trying to understate any loss suffer by those who lost their retirement.
The Co. took over the pilot retirement in 1972, until that time the pilots paid in monthly to the retirement fund. (Ask me how I know.)