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.
Delta, however, wasn't. I don't think it's really relevant that another pilot group was able to hold onto it while we weren't. The point is that it has already happened in the past so there is definitely a level of uncertainty with it.
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 already know where the "doesn't just disappear" phrase is going to go. You're going to get a response of "then why are we trying to get something back that didn't go away?"
Before you get caught up in me bringing that up, I don't have that attitude... but I don't really consider it as simple and friendly as "you just have to wait longer."
I've said this elsewhere, if we are going to make changes to the retirement plan with the idea of being "fair" to the deadzoners, then there needs to be something for those who already retired as well. There should not just be a cutoff where a pilot who retired one day gets nothing and another who retires the very next day gets restoration. Anything else is the same thing, except it's current deadzoners saying "I got mine, so screw the older guys."
I don't like the idea of a traditional DB plan for the very reason that it's been taken away before. I don't really care that American kept theirs or that it's difficult. The point is that it's possible and has already happened once, that's not something to plan retirement with when there will always be a cloud hanging over your head that it will go away.