CA Defined Pension

[NYer]

What work groups at Continental have a Defined Pension Plan? And how long have they had it?

 

[gtd]

What work groups at Continental have a Defined Pension Plan? And how long have they had it?

They all do. Not sure for how long. I also believe the plan is frozen.

 

[NYer]

Maybe the question should be what group has an active Defined Pension Plan

 

[IORFA]

I am pretty sure that the F/A's still do.

 

[Go Figure]

The technicians at CAL are still in a Defined Benefit Pension plan. The IBT secured a LOA in their current agreement that the company will still maintain the plan. In the LOA it states they will not freeze the plan until a replacement plan is agreed upon or established and implemented. It is amazing to me of the responses from some people that post here with no knowledge of the truth and reality that is going on in this industry currently. The info is readily available ----you just have to be open minded enough to not cloud your judgement due to personal agendas trying to be pushed.
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[NYer]

So, aside from that group everyone else has a frozen Defined Pension Plan as per the results of the Bankruptcy?

 

[Go Figure]

What bankruptcy are you referring to? All the work groups at legacy CAL were involved in the Continental
Airlines Retirement Program-referred to as CARP. The pilot group modified there retirement plan in previous contract talks but all other work groups are still in CARP currently.What happens in the future with workgroup integration and contract amalgamation is anyones guess. It will be up to future negotiations for the work groups to decide on the new UAL. That is why the CAL technicians secured a LOA in its previous CBA to retain CARP for the near future moving forward.

 

[whoop whoop]

The technicians at CAL are still in a Defined Benefit Pension plan. The IBT secured a LOA in their current agreement that the company will still maintain the plan. In the LOA it states they will not freeze the plan until a replacement plan is agreed upon or established and implemented. It is amazing to me of the responses from some people that post here with no knowledge of the truth and reality that is going on in this industry currently. The info is readily available ----you just have to be open minded enough to not cloud your judgement due to personal agendas trying to be pushed.
[\quote]

We see where you are going with your agenda. He said he BELIEVES, not that it was fact. You are the person trying to push an agenda.
The ibt secured nothing.

The company can not freeze the pension out of bankruptcy on a whim at any time they want. What the ibt has done is push us one step closer to their failed WCPP pension plan. Why would the ibt put in the LOA it has to be transfered to another defined benefit? What other option do we have to go to a defined benefit besides CARP or the failed ibt option?

And, could you please explain what the hard truth and reality our industry is going in?

 

[Go Figure]

I am stating facts for an answer to a question. Facts. You take it how you want but I am not going to get into one sided argument-I have seen your previous posts and your one sided irrational agenda. It is easy to sit back,criticize and throw rocks. The reality in the airline industry is the merging and consolidation of the carriers currently going on-all the way from the prop feeder network to the major carriers. Once all the dust settles and the economy recovers and stabilizes it will be a total different industry than it is today.

Think about it and have a nice day.