Pension Math Proves Elastic

Airmech

Member
Aug 31, 2002
19
0
Can't say that I understand how airlines jumble numbers, but this does not sound very good for the rank and file pilots.

"Now the airline is out of bankruptcy but back in court, arguing that the plan was not so very sick after all. If the airline wins this time, the government will receive a smaller equity stake in the airline. That, in turn, will reduce the amount available for the pilots' pensions, and some pilots will lose out again."

<http://www.nytimes.com/2003/10/21/business/21PENS.html>
 
What a screwing. Some people should go to prison for this crap, but that is probably unlikely. :rant:
 

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