Fed. appeals court rejects United flight attendants: pensions terminated

[Bluebear]

CHICAGO _ A federal appeals court today rejected an appeal from United Airlines' flight attendants challenging a ruling that allowed the company to terminate its pension plan.

The three-judge panel of the US Seventh Circuit Court of Appeals said they saw "no reason" to undo the bankruptcy court's approval of a plan for United to unload its plans on the Pension Benefit Guaranty Corp.

The Pension Benefit Guaranty is the government's pension insurer.

The Association of Flight Attendants argued the pension termination violated its labor contract.

A federal judge in Chicago in July had rejected the flight attendant's challenge.

http://www.kwqc.com/Global/story.asp?S=4060382&nav=7k7NJ1IJ

[SoCalDem]

1. Just like THAT..!

Years of give-backs ion lieu of an "enhanced pension package later"..years of taking less because the company promised this or that in the pension plan.. and then wham! it's no more..

These companies are STEALING the labor of the present and the peace of mind of the future

bastards.

[Bluebear]

2. BASTARDS!!!!!

Just had to repeat it.

[The Backlash Cometh]

3. And yet retired employees from Unical keep their pensions intact.

Isn't that a hoot?

[flyarm]

4. WELL FOLKS..every american just became the pension barers

of united airlines!! yes all of you are paying the pensions instead of united airlines..this was * es plan from the get go to get the airlines out of paying pensions for their employees!!

i say..send the bill to only republicans..THEY VOTED FOR THIS LET THEM PAY FOR IT..DAMN IT I AM SO SICK OF THESE SON OF A BITCHES!!

I WOULD LIKE TO STICK THE BILL UP THE ASSES OF EVERY REPUBLICAN!

what this doesn't say is if it was reduced or if it remains the same compensation...who wants to bet its a reduced pension??


heil fucking * and fucking republicans!

FLY

[Bluebear]

5. Anything from PBGC will be at a discount.

It's the GOP family value's way! But I'd rather have a beer with Bush, and Kerry had a fake tan. MF idiots.

[SoCalDem]

6. We should not be surprised. It happens every generation

..this is how big money stays with its 'rightful owners"..the rich :puke:

They cannot bring themselves to share any of it.

[endarkenment]

7. And every major corporation

with a guaranteed pension plan is going to look closely at this and weigh the merits of going through bankruptcy to shed their pension plans vs having to pay out on their commitments.

Note that the 'bankruptcy reform' crap applied to personal bankruptcy not corporate and that corporate bankruptcy remains as easy as it ever was.

[CountAllVotes]

8. *bingo!*

This legal decision sets a precedent in law. In other words, you may well be fucked out of that pension you are getting or were thinking you would get.

FUCK THESE SOB CROOKS!!!

May they ALL rot in hell!!!

:kick:

[Bluebear]

9. AND Social Security is in "trouble" so we'll all be eating cat food.

But why should the GOP bother their beautiful minds about that?

[chat_noir]

13. when you've got nothing, you've got nothing to lose

Tyler Durden: It's only after you've lost everything that you're free to do anything.

[endarkenment]

15. Janis Joplin?

Freedom's just another word for nothing left to lose.

Janis? Where the fuck are you? We need some new tunes.

[flyarm]

10. then every american should file papers and become a corporation@!

no shit its not that difficult..every american should today go out and file papers to become a corporation!!

hire wife as bookkeeper..kids as laborers...and make yourself a corporation!!

fuck the bastards..play hard ball!!

fly

[flyarm]

11. it duped on me!! n/t

[Bluebear]

14. .

[tallahasseedem]

12. Saw no reason?

This is pathetic.

[Karmadillo]

16. Where are leading Democrats on this one? Any statements or

promises of corrective legislation?