Originally Posted by
CousinEddie
It can’t be forgotten that we once voted during a time of crisis believing that a major reason for saying yes was to save the A-fund. We all know how that turned out. To throw salt in that wound, we got to watch UAL’s lead bankruptcy attorney flat out admit in an interview years later that they had quietly considered the pensions doomed from day one of the bankruptcy process. It had to be done that way, he said, to keep “the hearts and minds” of the employees engaged. Hard to forget a bait and switch like that in a world of unintended consequences.
Saving the A plan was a handshake deal. There was no contractual agreement to save the pension.