Zone5
Veteran
- Dec 17, 2010
- 773
- 696
I could have given you a pretty good idea what happened 4 years ago at very little cost. The economic downturn that started in 1999 with 911 on top of it is the first part - the stock market hit a low only about $100 off what it hit in the most recent "worse than anything since the Great Depression" downturn. Add to that the different accounting rules for an ongoing pension and pension termination. The furloughs of 2002 didn't help the pension funding under either - the average age of the pilot group went up making the underfunding worse for either method. And there you have probably 90% or more of what happened.
Jim
Thanks for your opinion. I'm willing to pay the assessment to have a detailed look at the situation.
seajay