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Old 03-25-2020 | 02:37 PM
  #42  
FXLAX
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Originally Posted by Noworkallplay
And you answered the biggest question of why do we need to look at other formulas. Our current plan is not common anymore bc the rules changed in 2006 Pension Protection Act. Those who didn’t have their pension whipped out by bankruptcy are now left with a pension that is massively expensive and the fundamentals were not built around the new regulations. It’s massively expensive to raise the benefit. You want to fight that fight again and loose be my guest. Oh and guess what no arbitration is ever going to rule in your favor to increase it if it gets to that point. It’s a ticking time bomb about to blow up and leave a bunch of pilots holding the bag going “but they promised me”. Just ask your buddies who lost theirs. Change the equation or loose it bottom line.

Just to correct one thing, there are no arbitrations in section 6 unless both parties agree to it. And I don’t believe management would ever agree to arbitrate anything to do with A plan negotiations. The A plan becomes less and less expensive to fund each year.
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