x300Udriver
Newbie
- Sep 10, 2002
- 8
- 0
Roy Freundlich, a U MEC spokesman''s, comments that we are angered by the company''s shifting of the funding that was supposed to go into our plan being transferred into the plans of other employees, is breakin'' my heart. If you''re a little miffed, Roy, try polling the thousands of U employees, like myself, who were put on the street.
Dave''s proposal to change from the old defined-benefits plan to a new defined contribution plan to keep the ship afloat sounds like a great idea to me. Senior pilots who have set some of their bloated salaries aside will weather the storm. Junior pilots will benefit in the long run when the storm passes and the economy recovers.
I can''t help but liken the current situation to an inflight emergency. The mark of true leadership is how one acts in the face of true adversity. Pilots get out front and lead, like the Eagles who have gone before you. Lead with your brains, and not with your pocketbook.
p.s. To those on the MEC who still need a little more comfort. Despite my 16,000 plus hours and years of U service, my new retirement check is well below PBGC minimums. I''m making it. Don''t worry you will too. You won''t miss any meals.
Dave''s proposal to change from the old defined-benefits plan to a new defined contribution plan to keep the ship afloat sounds like a great idea to me. Senior pilots who have set some of their bloated salaries aside will weather the storm. Junior pilots will benefit in the long run when the storm passes and the economy recovers.
I can''t help but liken the current situation to an inflight emergency. The mark of true leadership is how one acts in the face of true adversity. Pilots get out front and lead, like the Eagles who have gone before you. Lead with your brains, and not with your pocketbook.
p.s. To those on the MEC who still need a little more comfort. Despite my 16,000 plus hours and years of U service, my new retirement check is well below PBGC minimums. I''m making it. Don''t worry you will too. You won''t miss any meals.