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Old August 27th 04, 08:22 PM
Newps
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Mike Rapoport wrote:




Additionally the $200k is somewhat of a farce because the pensions are so
underfunded. There is a recent newspaper article on the United
restructuring saying that many of the pilots recieving $175K a year in
retirement may be getting $28K from now on.


One of the guys at work his father is a retired United pilot. They are
expecting to lose everything. No pension. Also United is not paying
into the pension fund, as ordered by the bankruptcy court.