Does this article, if true, have any bearing on negotiations in regard to projected growth in retirement obligations?
Not to me.
M&R is well over 50% over 50. The company has made clear that after decades of promises, they want nothing to do with us once we are too old to make them money. They want to bail out of providing Health benefits when we retire and pocket the millions thats for us, remember Pre-funding was a concession, it used to be completely funded by the company. If the average refund is $6000 they stand to pocket as much as $66million ($6000 x 11000 workers).
We agreed to a dollar for dollar match now they want to keep the match.
They want to switch the new hires to a 401K. The laws may be different but that could change, who is to say that twenty years from now, when the company wants to buy 500 new planes to replace the A320s and 737s they are buying now they dont try and pocket that match as well?