Originally Posted by
sailingfun
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.
Im curious, just for clarity, is that during or after one retires? I can understand not reducing someone that is retired and has no voting rights but if 100% vote to reduce their A plan to 10k for a 5 million dollar bonus, would that not be allowed?