Judge tosses suit saying pilots got sham divo
#31
Gets Weekends Off
Joined APC: Mar 2006
Position: retired
Posts: 560
FYI pensions are real property in a marriage and if one party decides to take his her share by this method there is not much anybody can say/do. When i first read this about a year ago i figured this would be the out come. In this day and age to let a company to decide what is a divorce not going to go too far . Hope the folks get their jobs back.
#33
Gambling with your money
They are allowed to choose where to invest the pension money, so they pick investments which project high returns (but are also subject to greater risk). In this way, they don't need to contribute as much cash each year as would be required if they bought safe, low-yielding bonds or T-bills (which they usually do for executive pensions). When the market eventually slumps, the pension is suddenly underfunded -- sometimes by a great amount.
#34
HOSED BY PBS AGAIN
Joined APC: Mar 2005
Posts: 1,713
FYI pensions are real property in a marriage and if one party decides to take his her share by this method there is not much anybody can say/do. When i first read this about a year ago i figured this would be the out come. In this day and age to let a company to decide what is a divorce not going to go too far . Hope the folks get their jobs back.
#35
On Reserve
Joined APC: Jan 2008
Position: Captain 777
Posts: 16
Erisa
i wonder how it is that guys like EWRBASEDPILOT thinks they have the right evaluate someones marriage and personal life? How do u get off or are u just one of those guys that love rumors and think they are fact? I wonder how much u know about ERISA and how that protects you and your rights. You need to get educated on the importance of ERISA and why it was established. One reason it was established to is protect emoloyees from company bullies.
#36
Where are you getting this information? Their fellow pilots are getting screwed. That money is for retirement purposes, NOT sham divorces. Seriously, do you REALLY think 8 "friends" would ALL be getting divorces AT THE SAME TIME, getting their lump sums, giving it to their wives, and then ALL of the getting back together at the same time isn't just a "little" bit fishy? It's a sham and they all deserve to go to jail, plain and simple. Personally I hope their greed and stupidity puts them in the poor house.
#37
HOSED BY PBS AGAIN
Joined APC: Mar 2005
Posts: 1,713
i wonder how it is that guys like EWRBASEDPILOT thinks they have the right evaluate someones marriage and personal life? How do u get off or are u just one of those guys that love rumors and think they are fact? I wonder how much u know about ERISA and how that protects you and your rights. You need to get educated on the importance of ERISA and why it was established. One reason it was established to is protect emoloyees from company bullies.
#38
On Reserve
Joined APC: Jan 2008
Position: Captain 777
Posts: 16
#39
If, in fact, they ACTUALLY went to the courthouse and were legally divorced, then I don't think anyone has much to complain about. It doesn't matter why they were divorced. There is nothing in the law that prevents a divorced couple from re-uniting. Now if they only CLAIMED to be divorced, without getting the paperwork signed by the judge, then they go to prison.
They found and exercized a loophole--much like some claim management finds and exercizes scope loopholes all the time.
I'd be more worried about a Contempt of Court citiation. I'll bet that, during their divorce proceedings, the judge asked them point blank something like, "Is there any chance of this marriage being reconciled?" to which they probably answered, "No." (Which wasn't "the whole truth" as they were sworn to.) That might be perjury, or at least contempt. I don't know too many judges that like being lied to in their courtroom...
They found and exercized a loophole--much like some claim management finds and exercizes scope loopholes all the time.
I'd be more worried about a Contempt of Court citiation. I'll bet that, during their divorce proceedings, the judge asked them point blank something like, "Is there any chance of this marriage being reconciled?" to which they probably answered, "No." (Which wasn't "the whole truth" as they were sworn to.) That might be perjury, or at least contempt. I don't know too many judges that like being lied to in their courtroom...
#40
Nice, companies can get sham bankruptcy's to hose its employees. They use loopholes in union contracts to jerk them around. Just sounds like a little poo flinging back in thier direction using their own tactics against them. Not so fun on the other side, huh Continental?
Thread
Thread Starter
Forum
Replies
Last Post
B727DRVR
Cargo
14
08-22-2008 02:23 PM