United proposes 94 seat RJ's

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sherpa said:
I hope all the older guys who are a couple of years away from retiring care enough about the newer generation to bypass a small monetary gain for the good of the next generation. Unfortunately I don't think thats how life works.
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so they can feel good about themselves? It would have been good if ALPA had protected the retirements of the guys already retired...but they didn't...
 
Bumblebee said:
I know that AFL CIO protects the firefighters pensions(at least for local522)
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In the Airways case the pension fund was managed by the union, separate from the company to prevent this all from happening, but the bankruptcy judge approved the raiding of this fund and a transference to a government funded program, resulting in the near destruction of these pensions.

Pretty raw deal.
 
Bumblebee said:
I know that AFL CIO protects the firefighters pensions(at least for local522)
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There's a world of a difference between a state/federal worker's pension and a public corporation's pension. Check Wisconsin to see how hard it is to dump a state worker's (especially safety) pension.
 
jtrain609 said:
Airways.
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Actually, the MEC at Airways voted to terminate the pension. It wasn't the judge, although he certainly would have done it in short order, as Airways was going Chapter 7 pretty quickly if they had to make another pension fund payment.

In the real world, it doesn't matter whether it's done by a judge, or just under threat of a judge, because there isn't a judge in the country who won't terminate a pension in order to save a company. It's fantasy to think that you can protect the pension, even if just for the guys already retired. Pension funds are simply too expensive, and it's an easy target for a judge trying to save a company from liquidation. Until we have real pension reform for bankruptcies, they are just too risky.
 
ATN_Pilot said:
Actually, the MEC at Airways voted to terminate the pension. It wasn't the judge, although he certainly would have done it in short order, as Airways was going Chapter 7 pretty quickly if they had to make another pension fund payment.

In the real world, it doesn't matter whether it's done by a judge, or just under threat of a judge, because there isn't a judge in the country who won't terminate a pension in order to save a company. It's fantasy to think that you can protect the pension, even if just for the guys already retired. Pension funds are simply too expensive, and it's an easy target for a judge trying to save a company from liquidation. Until we have real pension reform for bankruptcies, they are just too risky.
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Which is unlikely to happen, and hence the best protection you have is to have your own pension funds in your own account with your name on it.
 
wheelsup said:
United had the option to continue operating eighteen 88 and 100 seat aircraft with Air Wisconsin but chose not too. I wonder why the change of heart.
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CA and I were talking about that the other day. I think it had something to do with flying on the west coast... Whisky locals want to remain cheeseheads. Will see if they will go back to United flying near 2015
 
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