The Judge Finally Stands Up

[uafa21]

The Judge ruled today that the company must continue to pay $6 million per month to the unqualified pilots pension plan.

Ua planned to quit paying the payments in March but now must continue to pay the judge ruled. This is good news for the rest of us and our pension plans unless we have flakey employees that will vote to terminate the plans.

 

[Fly]

The pilots voted to terminate theirs.....so why does it continue to get paid? Do you think they are flakey too?

 

[Busdrvr]

The pilots voted to terminate theirs.....so why does it continue to get paid? Do you think they are flakey too?

[post="248870"][/post]​

After several hours searching for any press release that acknowledged UAL's pilots voted to terminate their pensions, I came up empty. Could you please show me when and where that happened? <_<

 

[Fly]

The first TA, which passed but was later thrown out by the judge, allowed for the termination of the pension. (I was just stating that they had voted to terminate their pension)

Link to page

4. Defined Benefit Pension Plan:

o ALPA will not oppose A Plan Termination if Bankruptcy Court determines it is required for exit,

o Company will not terminate and will oppose efforts to terminate prior to the earlier of May 1, 2005 or bankruptcy exit.

 

[Dizel8]

The pilots said yes to termination, the judge said no. I guess he was concerned about the pilot only going with that one, as long as everyone else agreed to termination.

I am sure he would have approved the pilot deal, had it only concerned the pilots and not the other employees.

 

[Busdrvr]

o ALPA will not oppose A Plan Termination if Bankruptcy Court determines it is required for exit,

Show me again where you think ALPA agreed to pension termination? ALPA said, DON'T terminate it now (things can only get better WRT the pension if interest rates rise), and that we wouldn't needlessly jepardize your job (as well as ours) fighting something that THE COURT has determined is REQUIRED for BK exit. In other words, ALPA said they wouldn't force the company into LIQUIDATION over the pension. What's AFA's position? Ironically, ALPA members will lose SIGNIFICANTLY more with pension termination than any other union group, yet the lies are spread about the ALPA deal. 🙄

 

[Fly]

Just repeating what was written Bus (don't get mad, nothing personal)

 

[Busdrvr]

Just repeating what was written Bus (don't get mad, nothing personal)

[post="249189"][/post]​

HA!! ME MAD?!!

😛

I'm merely making the point, trying to clarify what REALLY was in the contract, correcting the disinformation. Luckily, I cashed out most of my A fund a year ago!! Besides, I could NEVER get mad at YOU!!! :wub: :wub: :bleh: :blush:

 

[Ukridge]

Hold on Busdrvr! You are supposed to be the impersonal, disinterested, third-party moderator - a position for which you were appointed at the end of the "Boeing/United/Windy City thread. If Fly (the cheerleader for the Sophists of the Flat Earth) has already set your heart a-twitter and shorn you of any pretense of impartiality, then I foresee a fine season for the Sopshists in the debating arena. I just wonder what we could do when faced against a panelists of analysts and writers from the FT and other self-perceived august publications. Bring on all-comers. 😀

 

[Fly]

 

[UALDC767]

Fly,

I have been able to minimize the distraction of your icon over tha past couple of weeks....but the "bring it on" pic was too much....

So much for the sensible, factual post I was gonna write.

Thanks a lot.

DC

 

[Dizel8]

From previously, with regards to UAL ALPA TA and the pensions. It sure looks to me, like the proposal required ALL pensions to be eliminated, not just the pilots. Apparently, that is also how the judge read it.

"Bankruptcy Judge Eugene Wedoff said several aspects of the proposed agreement would "unduly tilt the bankruptcy process," including the requirement that other unions' pension plans also be terminated.

Wedoff said he hopes the company and pilots can craft a contract based on the previous one, but he warned that he would also reject any future agreement that was tied to the elimination of other unions' pensions, saying those should be considered on their own merits".

 

[Farley]

o ALPA will not oppose A Plan Termination if Bankruptcy Court determines it is required for exit,

Show me again where you think ALPA agreed to pension termination? ALPA said, DON'T terminate it now (things can only get better WRT the pension if interest rates rise), and that we wouldn't needlessly jepardize your job (as well as ours) fighting something that THE COURT has determined is REQUIRED for BK exit. In other words, ALPA said they wouldn't force the company into LIQUIDATION over the pension. What's AFA's position? Ironically, ALPA members will lose SIGNIFICANTLY more with pension termination than any other union group, yet the lies are spread about the ALPA deal. 🙄

[post="249131"][/post]​

First there was monochromatic internet screaming. Now Busdrvr brings us full color internet screaming! Thanks for that.

 

[Busdrvr]

First there was monochromatic internet screaming. Now Busdrvr brings us full color internet screaming! Thanks for that.

[post="249342"][/post]​

I'm like a kid with a new toy



😀 😛

 

[Fly]

Boys with toys!

Bring it on AGAIN!