Significant Boost In The Executives' Pension Payme

[Hatu]

Even as the danger to pilot pensions increases, executives at Northwest are sweetening their severance payout.

Its bankruptcy filing says Northwest used to calculate the payout for eight unnamed executives based on their highest-paid three years with the company. But their paychecks may shrink in bankruptcy. Now, Northwest says it will calculate those executive pensions based on their highest-paid 36 months with the company, no matter when those months occurred. The result will be a significant boost in the executives' pension payments.

http://biz.yahoo.com/ap/050916/airlines_service.html?.v=4

 

[robbedagain]

As I mentioned before in another post ( onthe Delta board, but one guy called mean ass for it) mgmt is and are willing to sacrafice the employees pension so that their wallets get bigger and fatter. I feel for all of you employees at NWA and DAL!