Originally Posted by
Merle Haggard
Windfall is a poor choice of words. Every cent of A plan value currently held and into the future has been either earned or negotiated. It is an asset (owned by the collective we) that must only be sold at what WE view as a fair price. We agree that this price is ENORMOUS. It is certainly not something that should be sunsetted for free because it's too difficult to do math.
"We're switching you to a new plan that will give you way more money and cost us a lot less"
Must be weird to live in a fairy tale.
Be aware that neither the company or the union can take away a earned and accrued pension benefit under federal law. You can freeze the A plan going forward but you can't reduce or change any accrued benefit. Regardless of what you negotiate under a new plan the company will be paying A plan benefits until the last pilot on the list at date of signing retires.