WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
- 10,662
- Banned
- #31
DL has said it has no intentions of dumping its pensions; instead it wants to convert its plans to cash balance plans which essentially freeze its defined benefit plans and convert future pension benefits to a defined contribution. Unlike some airlines that start w/ U, not every company believes that it is necessary to screw its retired employees in order to remain viable. They recognize there are obligations which have to be honored and intend to generate revenue and lower other costs so that those obligations can be honored.
