Ding Ding Ding
AT pilots haven't been watching the news over the last 10 years considering what has happen to pension funds at various airlines and other companies.
You're confusing an A fund with a B fund.
An A-fund is a traditional defined-benefit Pension. Without pension reform (which we desperately need in this country), a COMPANY owns and controls the A-fund.
Case in point, when the market was at all-time highs and the A-fund portfolio had grown to several times what was needed to pay out pensions, corporate managers sold large portions of the portfolios to fund huge multi-million dollar bonuses to the managers.
When the market tanked, what was left of those portfolios wasn't enough to pay the pension obligations, the pensions were declared insolvent, and the PBGC had to take them over.
A B-fund is a defined CONTRIBUTION fund, which goes into YOUR retirement account. The company has ZERO control over it, YOU direct what investments to make, where to put your money, profit or loss, and if the company has a problem financially, they can't touch those funds, as they're part of a protected retirement account under similar rules to your 401(k) account.
I still stand by the "lateral equivalent" movement in longevity pay. If it goes to arbitration solely due to this item, then I think the arbitrator will not give FLALPA a windfall in "DOH longevity." IMHO.
Again, it doesn't work like that, but if you have your mind set on this idea, I'll bet you a C-note, how is that? I like easy money.
Again, the contract integration agreement will come long before and completely separately from the SLI. What that means is that, in all likelihood, longevity and pay will never reach the hands of an arbitrator, only the seniority list integration will. You can't hold pay as a carrot for agreeing to a lesser seniority integration, that's called "blackmail".