US Pilots Labor Discussion 7/13- STAY ON TOPIC AND OBSERVE THE RULES

[luvthe9]

Show me where he terminated the pilots pension. You can't. All he said is they met the criteria, supposedly.

 

[700UW]

The company filed a motion, a hearing was held, the judge approved it.

How much clearer does it have to be for you to understand it?

Any move US made in Bankruptcy had to be approved by the Judge and the Court.

GO read section 1113.

Federal judge approves US Airways' proposal to terminate pilots' pension plan.

A federal judge has ruled that US Airways can terminate its pilots' pension plan in an attempt to save the carrier.

Judge Stephen Mitchell of the US Bankruptcy Court for the Eastern District of Virginia approved the airline's proposal to replace its pension plan with a cheaper one. The pension plan covers 3,600 active and 1,100 retired pilots, some of whom could lose up to 75% of their benefits under the proposal.

The airline reportedly claimed that it could no longer afford the pilots' retirement plan and was seeking to replace it with one that offered USD850m over seven years.

 

[luvthe9]

AS DETERMINED, RENDERED A DECISION, do you need to look it up in Websters?

The court's findings.

Do I need to get some crayons or markers and draw you a picture?

YES, post his decision. DO it in crayon if it makes you happy. Post where he took it.

 

[700UW]

All ready have, its in the court records.

How many articles and links do I have to post for you to get it?

 

[luvthe9]

Post where he made a court ruling that he was taking the pilots pension.

 

[700UW]

Federal judge approves US Airways' proposal to terminate pilots' pension plan.

A federal judge has ruled that US Airways can terminate its pilots' pension plan in an attempt to save the carrier.

Judge Stephen Mitchell of the US Bankruptcy Court for the Eastern District of Virginia approved the airline's proposal to replace its pension plan with a cheaper one. The pension plan covers 3,600 active and 1,100 retired pilots, some of whom could lose up to 75% of their benefits under the proposal.

The airline reportedly claimed that it could no longer afford the pilots' retirement plan and was seeking to replace it with one that offered USD850m over seven years.

 

[luvthe9]

I make no boast to be able to access the records now. You seem able and willing. You have posted all except the one thing this boils down to. Mitchell making the ruling that he was TAKING THE PILOTS PENSION, in a court order. You can't. You have lied over and over.

 

[luvthe9]

Federal judge approves US Airways' proposal to terminate pilots' pension plan.

That isn't it. All it said is they COULD take it. He said he would not do it. It was up to the pilots. YOURS, was taken. You spread an awful lot of misinformation and lies. Post the ruling where he took it. You can't.

 

[luvthe9]

are any of you others on line now seeing how a guy is posting without being signed in on this subject?

 

[700UW]

By Frank Reeves, Pittsburgh Post-Gazette Knight Ridder/Tribune Business News

Mar. 2--US Airways moved closer to successfully emerging out of Chapter 11 yesterday after a federal bankruptcy court judge ruled that the airline could cancel its pension plan for more than 7,000 pilots and begin steps toward replacing it with a less costly one.

Although U.S. Bankruptcy Court Judge Stephen Mitchell approved the company's request to terminate the plan, he said the airline must begin negotiations with the pilots union over the terms of a follow-up plan.

"I will approve the termination," Mitchell said at the conclusion of four-day hearing in Alexandria, …

Link

 

[700UW]

Gee you still dont believe it and I posted what he said as reported by the Pittsburgh Post Gazette Reporter Frank Reeves.

By Frank Reeves, Pittsburgh Post-Gazette Knight Ridder/Tribune Business News

Mar. 2--US Airways moved closer to successfully emerging out of Chapter 11 yesterday after a federal bankruptcy court judge ruled that the airline could cancel its pension plan for more than 7,000 pilots and begin steps toward replacing it with a less costly one.

Although U.S. Bankruptcy Court Judge Stephen Mitchell approved the company's request to terminate the plan, he said the airline must begin negotiations with the pilots union over the terms of a follow-up plan.

"I will approve the termination," Mitchell said at the conclusion of four-day hearing in Alexandria, …

Link

GAME, SET and MATCH!

 

[luvthe9]

Link

Oh, here comes the truth. The follow up plan. The million dollar target. Tell us what you know about that stocker. I want to see what you know about Davie Dollars and the million dollar target. He would not terminate it. The pilots had to. They did. and they did because the company came up with the million dollar target. Which they later walked from again. Mitchell did not, not terminate it.

 

[luvthe9]

Wow,

I just posted Mitchell's quote.

You have been proven wrong.

I am done, I have shown you where he said he would.

Game, set and match.

C O M P R E H E N D.



Link

Did you think, for once, maybe he APPROVED it after, after, after, after, AGAIN after the company came up with a FOLLOW UP PLAN, and the MEC APPROVED IT WITH THEIR VOTE????THAT, is how it went down, not like you say. He approved it AFTER THE PILOTS WERE SATISFIED WITH A FOLLOW UP PLAN THAT THE MEC VOTED YES ON. Is that how yours was taken? No.

 

[Dog Wonder]

Silence is golden.

 

[700UW]

Having failed in these efforts to meet the $850 million contribution level, US Airways filed a notice of intent to terminate the pension plan on January 30, 2003. See 29 U.S.C. § 1341(c)(1)(A). Under the
Employee Retirement Income Security Act (ERISA), US Airways could effect such a "distress termination" only upon the bankruptcy court’s finding that, "unless the [pension] plan is terminated, [US Airways] will be unable to pay all its debts pursuant to a plan of reorganization and will be unable to continue in business outside the chapter 11 reorganization process." Id. § 1341(c)(2)(B)(ii)(IV). Appellant, in addition to ALPA and other pilot groups, opposed US Airways’ motion. ALPA also filed a grievance, alleging that a distress termination would violate the terms of US Airways’ collective bargaining agreement with its active pilots.

On March 2, 2003, the bankruptcy court entered an order finding that US Airways had demonstrated the financial requirements necessary for a distress termination. The court therefore permitted US Airways to terminate the pension plan, subject to a determination that doing so would not violate the collective bargaining agreement. US Airways then resolved the collective bargaining agreement issue on March 21, 2003, when it reached an agreement with ALPA to terminate the pension plan effective on March 31 and to replace it with a new pension plan for its active and other non-retired pilots.

Then, on March 18, 2003, the bankruptcy court issued a confirmation order approving US Airways’ reorganization plan. US Airways subsequently obtained approval from ALPA, the PBGC, and the bankruptcy court to terminate the pension plan and to put the new pension plan for active and non-retired pilots in its place. On March
28, the PBGC executed the termination of the pension plan and assumed the plan’s liabilities. US Airways successfully emerged from Chapter 11 bankruptcy on March 31 and received the $1.24 billion in exit financing and equity investment as a result of meeting its financial projections. Since that time, US Airways has continued its business operations and has entered into hundreds of transactions with third parties.