Fly and Doitfordave are correct. In addition, if the company ceases to exist private insurance could cost an individual $500 to $1000 per month.
Who can afford this?
I agree with those who said management must take cuts and step out in front of this extremely sickening situation.
However, we all have a choice on whether or not we want to work at this company, provided it survives past January.
With ratified agreements every employee is better off. For those who remain employed they have the option to stay at US Airways or quite. For those involuntary furloughed they get severance pay, COBRA, term pass privileges, J4J, recall rights, and a better than PBGC awarded pension (for those who have a DBCP).
I believe it is better to have the items listed above while job hunting than to not have any of this.
All of the labor unions are recommending TA approval. Why? Simply put, the union leaders know this time a "no vote" means almost instant liquidation/POR rejection and none of the benefits listed above will be available.
Chip