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#14
September 20th 05, 01:55 AM
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Sounds like you are talking about the unions. The unions struck in order to get this pension that UAL couldn't afford. However, you don't know if it was underfunded BEFORE or AFTER the discount carriers ate their lunch. It's a pretty safe bet that it was underfunded well before. There not many companies that fully fund the pensions - simply because they don't have to. An intersting note is that company executives usually don't get personally bit by the pension disasters. Their plans are often seperately and fully funded. 
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