Originally Posted by
Denny Crane
Wrong on so many accounts. Do you know how ERISA law works? A DB can only be terminated if it meets the criteria for termination. THAT is a pretty big hurdle. You do know that American tried (while in bankruptcy) and was denied.
An increase in DC helps all pilots but helps younger pilots more...as long as you get yours right?
A DB helps all pilots too. If a DB is terminated, you do realize it gets turned over to the PBGC. It doesn't just disappear. You just have to wait longer to get yours and with a millennial attitude like yours it's "screw the old guys." See I can name call and pigeon hole too. Why don't you try and a make a cogent argument without the drama.
Denny
I’m quite confident that NONE of you ever thought your pension was going to be overturned in court either. And guess what? It was. Believe it or not Denny, I have sympathy for you all. To have the rug yanked out from your feet absolutely sucks, and I recognize that it had dire consequences for some.
So, with that knowledge, that our courts are wildly unpredictable, and the little guy doesn’t always win the fight, why, in my right mind, would I want to go down the same road? When my retirement picture is pretty solid in its current state, why would I want to waste negotiating capital on retirement? Our retirement as it stands today is quite terrific. Why would I not want to negotiate for better QOL, pay, and tightening up our porous scope language?