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Airline Pension Crisis. Effect on Railroad Retirement?
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To LimitedClear - I stand corrected that RRB and SSA are not connected. <br /> <br /> It would appear that the UAL pension obligation would go into the "Pension Benefit Guaranty Corp." (PBGC) which was started, as I recall, with the failure of Bethlehem Steel. This would be where UAL retirees would wind up with, in some cases, with lower payments than the UAL plan. <br /> <br /> Adding them to the RRB , I believe, would require an act of Congress which I am sure would surely rile up the RR unions and Brotherhoods. <br /> <br /> <br /> Interesting topic looking from the outside. <br /> <br /> <br /> Regards, Jerry <br /> <br /> <br /> <br />
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