Thread: UPS retirement
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Old 04-02-2023 | 07:10 PM
  #9  
C2078
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Originally Posted by tnkrdrvr
It’s an accounting exercise to minimize pension liabilities that show up on the company’s books.
That’s exactly it. Nothing to do with affordability. By using the 1% FAE instead of the FDA for a large % of the pilot workforce they reduce their liability for the books and makes the IPA have to spend some negotiating capital to capture more people for the FDA at a later date.
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