Originally Posted by
acl65pilot
There was also the simple fact that we had given in LOA 46. The claim was as good as it was because all things considered the pension was no that underfunded.
It happened because of a few things. One was a need or desire for a merger. We got something from it.... CAL sold the farm to keep their pensions. We sold our pensions to keep a few other things. NWA sold a bunch of stuff to keep their pensions.
We got a percentage of the company, which is great. We on the South side got 17% over four year. Not great, but not bad. We agreed to leave scope on small jets where it is, and that is the one place I think we could have seen gains on in the JPWA.....
You write about things that you were not here for and through those writings you show you know nothing about them.
The ALPA Claim had nothing to do with the pension. If the pension had been preserved, the Claim would have still been paid. The number was the same. You weren't a Delta pilot when it was paid out.
The pension was grossly underfunded (about 38% at termination) and according to PBGC will cost them $900 million of their money. It will cost the plan participants (the guys who were actually here and had real losses) a lot more than that.
The pension was terminated because it met the standards for termination.
A qualified ERISA benefit cannot be negotiated away. Your assertion is insulting to those that worked so hard to make sure you had a company to come to work for.
Oh, and the JCBA tightened small jet scope. You know that. If you added up the total number of NWA and DAL permitted aircraft, it was far greater than the 255 limit.
So please, how about sticking to facts. All these facts have been clearly presented in official Court and ALPA publications.
Now back to your regularly scheduled "I want more" Latest and Greatest...
