For the umpteenth time, if you believe this you are STUPID. Management WANTS the lump sum option as it reduces the plans liability and administration costs once it is exercised. Are you too stubborn to see this? Management has NO right to the money in the plan once its there except if the plan is terminated and you have overfunded funds in there (which is not the case now). Call any ALPA R&I rep and please get FACTS before spouting off.
CAL MEC Blastmail, 11 Mar 09: "We have senior pilots who are rightfully worried about another liquidity shortfall later this month due to management’s refusal to adequately “Fund the Future” of our frozen “A” plan, and we have junior pilots clinging to the bottom of our seniority list who are, as a whole, unified and not afraid to fight. Management has set the stage for a perfect “divide and conquer.” "