Originally Posted by
Jamo
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?
Whatever you have accrued to that point cannot be reduced by federal law. For example if you had 20 YOS and an FAE at or above $260k, you couldn’t have less than 2%*20*260k = 104k pension.
ALPA can be sued if it doesn’t represent the pilot group fairly. So it cannot negotiate one demographic’s future benefits away to improve another without opening itself to legal liability.
You guys who want a meaningful pension increase are going to have to accept the split retirement. Otherwise, you’re going to screw everyone out of a lot of money.