boycott united forever

"gatt" wrote in message
...


So boycott United forever and make sure that the rest of the executives in
the aviation industry don't try to pull the same stunt on America's pilots
and airline industry workers.

So they can really go bankrupt and take away the other half of his pension?
Seems to me that there are better ways to handle this.





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"Marco Leon" mmleon(at)yahoo.com wrote:


So they can really go bankrupt and take away the other half of his
pension? Seems to me that there are better ways to handle this.

They are bankrupt, and the pensions will now be paid by all of us.

It's quite dishonest in a very real way. The company contracted to make
payments that it is now refusing to make. Rather than selling off all
assets to help fund those promises, they've been passed on so you and I
will be paying them.

It's especially unfair to those of us that receive no benefit from
guaranteed pensions (because we don't get pensions).

- Andrew

The funding for the PBGC does not come from taxes. You will not be
paying them.

-Jim

On 13 May 2005 16:26:53 -0700, "Jim" wrote:

The funding for the PBGC does not come from taxes. You will not be
paying them.

Heh-heh. Where did we hear that before?


-- all the best, Dan Ford

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Andrew Gideon wrote:

They are bankrupt, and the pensions will now be paid by all of us.

It's quite dishonest in a very real way. The company contracted to make
payments that it is now refusing to make. Rather than selling off all
assets to help fund those promises, they've been passed on so you and I
will be paying them.

It's especially unfair to those of us that receive no benefit from
guaranteed pensions (because we don't get pensions).

As the Pension Guarantee Board is currently set up, only companies that
have guaranteed pensions will pay to make up the difference. Those who
don't get pensions don't have to pay.

However, as I noted in another post, the Board's obligations are getting
so big that Congress might have to step in to financially support the
plans.

The roots of the problem are similar to those affecting Social Security
and Medica The number of people paying into the plans has diminished
compared to the people collecting money. Further, many of the private
plans invested in the stock market, and the value of the money invested
tanked along with the market, meaning there now isn't enough money to
fully support all those who are expected to retire and collect
benefits. Many of the companies are close to bankruptcy, so they can't
afford to increase contributions. It's a catch-22. They make partial
payments and go bankrupt, or they don't and perhaps stay solvent. Either
way, the employees lose.

What was it the head of the pilots' union said several years ago about
making sure they got every last egg from the golden goose? Sounds like
they succeeded beyond their wildest dreams. When a later CEO opined
that United was in trouble and might not survive, he was crucified by
the union reps on the Board of Directors for negative thinking.

Decisions always have consequences, often un-intended.

Lets see. I'm already boycotting US Airways forever (They gave away our
seats on a connecting flight for a weekend trip). Now I have to boycott
United.

Damn good thing I've got my own plane.




"gatt" wrote in message
...

So boycott United forever and make sure that the rest of the executives in
the aviation industry don't try to pull the same stunt on America's pilots
and airline industry workers.

Lets see. I'm already boycotting US Airways forever (They gave away our
seats on a connecting flight for a weekend trip). Now I have to boycott
United.

Damn good thing I've got my own plane.

Sir, you are a role model. :

-c

I feel a lot of sympathy for your dad, but he will still get a pension
(I heard up to 3/4th of what it was supposed to be) at taxpayers'
expense. If United is boycotted, where will all the layed off employees
go? No pension, but no job!

gatt wrote:


So boycott United forever and make sure that the rest of the executives in
the aviation industry don't try to pull the same stunt on America's pilots
and airline industry workers.

-c

RomeoMike wrote:

where will all the layed off employees
go? No pension, but no job!

If they're smart, they'll leave. The company has already shown what its
word is worth. Would you work for someone that broke promises to pay you?

- Andrew