08-08-2023Quote:
It seems that the only danger anyone ever speaks of, when they argue against a lump-sum provision, only concerns an A-fund at a company going bankrupt.
So using that logic...I guess we should base all of our negotiating goals on what would happen if FDX entered bankruptcy? Just in case?
American sill has a lump-sum option - they still have both A and B plans.Originally Posted by Busboy
Just curious...Does anyone know how long USAir and Delta had the A-fund "lump-sum" provision available? And, does any solvent airline currently have it?It seems that the only danger anyone ever speaks of, when they argue against a lump-sum provision, only concerns an A-fund at a company going bankrupt.
So using that logic...I guess we should base all of our negotiating goals on what would happen if FDX entered bankruptcy? Just in case?
Their pilots took a 23% pay cut across the board and also gave up MAJOR concessions in work rules with their 2003 contract to keep the pension (specifically lump sum option) - and to "save the company" from bankruptcy.
But, for now, they still have the lump sum option - A and B funds.....
As for the methodology I usually use my alternative APC personality and we go at it in PMs (as the language is to rough for the public forum).
