Freight Dog
Well-known member
- Joined
- Nov 26, 2001
- Posts
- 2,232
They "planned" to have their pension. They didn't "plan" to have their pension taken away with nothing to replace it.
Hoover, tell that to Enron employees who "planned" for their Enron stock to split a number of times. Instead we all saw what happened.
A-plan was a promise! It was nothing more than company promising to fund a pension plan. When the managements ceased funding it, we ALL got hosed. Under federal rules, it became too cost prohibitive to bring the pensions back up to their required levels hence the bankruptcies. The previous generation could have converted DB plans to DC plans, instead they chose the risks associated with DB plans. They gambled and they lost.
Now they want to stay and work til 65 at the detriment of every FO and junior captain out there, and ALPA National is okay with that.
Well, this FO will no longer give a rusty penny to ALPA-PAC. I feel bad enough already paying $150/mo in dues. I'd rather pay $200/mo for APA at my same pay. At least I know they're doing something aside from surrendering... but then again, Prater sounds French...