Houston chron (in the paper) reports on sat that the pension is underfunded by $1.4 billion. got to love the crack management team.
The potential issues with this are huge.
What happens if the pilots take a run on the fund? IE lump sum. It is a double edge sword. short pilots and money. the senior guys who do not take the money soon will loose out on the lump sum option, but hey they haven't been too bright to begin with.
The potential issues with this are huge.
What happens if the pilots take a run on the fund? IE lump sum. It is a double edge sword. short pilots and money. the senior guys who do not take the money soon will loose out on the lump sum option, but hey they haven't been too bright to begin with.