Per Roy Freundlich
Communications Chairman
Mar 1, 2003
The court ruled in favor of the companies motion that it met the financial conditions under ERISA to seek termination with the pilots pension plan with the PBGC.
The judge declined to rule whether the termination of the pilots pension plan is a violation of our contract. This ruling was in favor of ALPA’s objection. The grievance ALPA filed on Feb 5th must be resolved prior to a distress termination.
A code-a-phone with additional information will be posted later this evening with further details of today’s court proceedings.
Communications Chairman
Mar 1, 2003
The court ruled in favor of the companies motion that it met the financial conditions under ERISA to seek termination with the pilots pension plan with the PBGC.
The judge declined to rule whether the termination of the pilots pension plan is a violation of our contract. This ruling was in favor of ALPA’s objection. The grievance ALPA filed on Feb 5th must be resolved prior to a distress termination.
A code-a-phone with additional information will be posted later this evening with further details of today’s court proceedings.
