Originally Posted by
acl65pilot
As for the pension, at termination yes, because all of the early outs. A longer payout period for the company would have solved that. I am not going to start splitting hairs on this crud.
I'll let slow take a breather. He's got real work to do. A longer payout may or may not have saved the pension, because of the lump sum feature. Furthermore, a longer payout wasn't a legally permissible option until Congressional legislation approved it, and our plan was terminated before it could take advantage of that. And there wasn't a thing ALPA could have done to prevent that.
BTW, the DAL pilot DB set the record as far as I know for the lowest funded plan on record, the ONLY plan that I'm aware of that went into liquidity shortfall because the fund balance was dropping so fast, and one of the largest plans to EVER fail. To say that ALPA gave it away is complete BS.
Now, back to your regularly schedule ALPA bashing....