AAWF,
I borrowed that contrast answer thing from Mr. Owens; I knew you would appreciate it.
"Bomer:
Of course AA is availing itself of Congressionally-passed funding relief. As much as the typical employee paints management as stupid, when they are "screwing the employees," they are brilliant, right?"
AA was dishonest, as were you, when AA and you repeatedly claimed that the pension obligations were fully funded without disclosing that the funding requirements would have been much higher had political expediency not intervened. But don't worry, you KERP/SERP babies are in good company: the TWU has their own pension plan so they really wont mind getting rid of mine.
"Too bad the sh!theads running UAL and USAir couldn't be bothered to do the same and fund their employees' pensions. They chose to walk away from their obligations instead of paying hundreds of millions in required contributions to their DB plans."
UAL and USAir are in bankruptcy. AA would never ask for a distressed termination of the pensions in the event that we were forced into BK, right? After all, both the TWU and AA plan to get us to vote a voluntary change away from the DBP, right?
Would you be happier as a mechanic at those airlines? Both of which will soon be completely out of the overhaul business. I guess if you're on the line (like Mr Owens) it wouldn't matter to you if AMR closed down all three overhaul bases.
Blah, blah, love it or leave it, blah, blah. I'm forced to pay Union dues for a non-Union contract, to a Corporate Union. You guys just keep telling the press how you have created a new relationship. Just remember that the majority of those belonging to the TWU trust neither of you.
In 2003 and 2004, combined, AMR conrtributed over $800 million to its DB plans. If AMR was gonna shaft its employees (like at UAL and USAir) by abandoning its pension obligations, wouldn't they have done that in 2003 before wasting that $800 million?"
Again, AA has not declared BK and outside of BK there is not really much of an opportunity for a distressed termination. Besides, the $800 M was short change compared to what was owed if S.2282 had not been passed. The real problem is that if the PBGC becomes a secured creditor before AA can persuade the TWU to voluntarily give up the DBP, the cash outlays for the years between 2006 and 2013 will be enormous. But, shush, that will just be our little secret.
I borrowed that contrast answer thing from Mr. Owens; I knew you would appreciate it.
"Bomer:
Of course AA is availing itself of Congressionally-passed funding relief. As much as the typical employee paints management as stupid, when they are "screwing the employees," they are brilliant, right?"
AA was dishonest, as were you, when AA and you repeatedly claimed that the pension obligations were fully funded without disclosing that the funding requirements would have been much higher had political expediency not intervened. But don't worry, you KERP/SERP babies are in good company: the TWU has their own pension plan so they really wont mind getting rid of mine.
"Too bad the sh!theads running UAL and USAir couldn't be bothered to do the same and fund their employees' pensions. They chose to walk away from their obligations instead of paying hundreds of millions in required contributions to their DB plans."
UAL and USAir are in bankruptcy. AA would never ask for a distressed termination of the pensions in the event that we were forced into BK, right? After all, both the TWU and AA plan to get us to vote a voluntary change away from the DBP, right?
Would you be happier as a mechanic at those airlines? Both of which will soon be completely out of the overhaul business. I guess if you're on the line (like Mr Owens) it wouldn't matter to you if AMR closed down all three overhaul bases.
Blah, blah, love it or leave it, blah, blah. I'm forced to pay Union dues for a non-Union contract, to a Corporate Union. You guys just keep telling the press how you have created a new relationship. Just remember that the majority of those belonging to the TWU trust neither of you.
In 2003 and 2004, combined, AMR conrtributed over $800 million to its DB plans. If AMR was gonna shaft its employees (like at UAL and USAir) by abandoning its pension obligations, wouldn't they have done that in 2003 before wasting that $800 million?"
Again, AA has not declared BK and outside of BK there is not really much of an opportunity for a distressed termination. Besides, the $800 M was short change compared to what was owed if S.2282 had not been passed. The real problem is that if the PBGC becomes a secured creditor before AA can persuade the TWU to voluntarily give up the DBP, the cash outlays for the years between 2006 and 2013 will be enormous. But, shush, that will just be our little secret.
