Judge Approves End of United Pension Plans

yahoo news ^ | 05/10/05 | american_pauper

[american_pauper]

Link

[Delta 21]

SUCKERS ! !

[Not A Snowbird]

More facts, less ranting, please.

Details?

[cripplecreek]

Braking news.

[wk4bush2004]

I've gotten the impression that the executives of United don't care out the company at all. They just want to suck all the money they can out of it.

Airline Executives need to focus on providing quality and affordable air service for people, not on personal enrichment.

[cyborg]

The article should be where the comments are.

[Not A Snowbird]

Okay, I see it now. I hate having to hunt for details! :-)

(What was Lazamataz's old tag line... "Proudly posting without reading the article since 1998"? That's me.)

[Not A Snowbird]

Braking news.

Snicker!

[JamminJAY]

How about embezzlement, since the money put into the pension fund, should still be there; unless the execs used that money for something other than what it was designated for.

Like a democratic Congress did for thirty years to Social security?

Well... Yes.

[oceanview]

its not just a "union" issue - its happening everywhere in the private sector, the conversion to cash balance pension plans have wiped out pensions at corporations all over the US. and retiree medical will be eliminated shortly.

once it all plays out, the only americans who are going to have work related pensions and retiree medical - are government employees.

[Not A Snowbird]

Why don't the execs cut their salary from $800,000 + bonuses to $100,000 even? That's a $700k savings right their.

That's a drop in the bucket and wouldn't change the outcome at all. It would just make everyone else "feel" good.

[MosesKnows]

Why don't the execs cut their salary from $800,000 + bonuses to $100,000 even?

How many United execs have $800,000 plus salaries? How much more money would the pension fund have if they all reduced their salaries to zero?

[Don Corleone]

This is not a practice reserved to United. All the major airlines have become ripe pickings for unscrupulous "managers" who know how to fill their pockets and couldn't care less what happens to the companies that they destroy. Its a "Good old Boys" network of thieves who after looting one company play musical chairs and sit down in the board room of another to work their magic once again. With a cash flow of more than 70 million dollars a day its easy to let a few stick to your fingers. No one will ever know just how much they have walked away with. Enron was chicken feed!

[Tripleplay]

once it all plays out, the only americans who are going to have work related pensions and retiree medical - are government employees.

And these government employees can opt out of Soc Sec................who is the bad guy here?

Government or Corporate America?

When is the last time you saw a government official do a "Perp Walk"?

[Not A Snowbird]

And these government employees can opt out of Soc Sec

This government employee can't. Tell me how and I'll gladly opt out.

[muawiyah]

Look, the employee unions agreed to the establishment of a retirement benefit program that was insufficiently funded.

[muawiyah]

Good point ~ yes, retired government employees will be the only ones with work related pensions and medical care programs ~ but on the other hand, it's the government employees who've been called upon repeatedly by the federal government to help balance the budget over and over and over.

That sort of nonsense cost me nearly half a million dollars in lost wages and benefits.

This is why the entire federal bureaucracy should be contracted out.

[muawiyah]

A government employee doing a "perp walk"?

On any given day there's a federal employee on trial somewhere.

BTW, since 1986 if you take a job with the federal governmnet you have to sign up with Social Security ~ no exceptions!

[JustAnotherOkie]

Check out who the exec's are at airlines all financial guys.

Bunch of syncopants.

[Tripleplay]

There may be trials, but the MSM never reports them

Sorry about the Soc Sec error, is it Congress that exempts itself?