Originally Posted by whaler

Money grab is correct. New and people with many years to work don't be fooled. If you cash out folks with with lost pensions with a cash out/catch up lump sum based on a negotiated contractual retirement increase who's taking all the risk that we keep the keep the contractual gains over a career? Esop and pensions went away when the company needed the money as will any retirement contribution in the contract that the company pays if we have a downturn. If we get 25% it won't last in the next downturn i.e concessions but senior folks will have got their money and we'll be holding the empty money bag. Don't be a fool and think we'll never have a downturn.