"Bob Moore" wrote in message
. 122...
Not at PanAm, the pilot group (unlike the other employee groups) insisted
that our pension plan be held by an outside source, in this case,
Prudential Insurance, and PanAm paid monthly on behalf of each of us. We
felt fairly safe when the axe fell on PanAm.....WRONG! Prudential went
to the NY Federal Court and obtained permission to dump the obligation
off to the PBGC. You can't trust anyone.


What was their "justification" for dumping it off, do you recall?