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Article: UNITED RULING MAY BE FIRST OF MANY TRADITIONAL PENSION PLANS BECOMING RARE BREED.(BUSINESS)
- Article from:
- The Wisconsin State Journal (Madison, WI)
- Article date:
- May 12, 2005
CopyrightCOPYRIGHT 2005 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Adam Geller Associated Press
NEW YORK -- On the morning after United Airlines won the right to walk away from his pension, Jerry Jedynak woke up groggy and depressed.
"Imagine being with a woman for 31 years and having that relationship shattered one day to find out you've been lied to and cheated," said Jedynak, a customer service agent at Chicago's O'Hare International Airport since 1974. "You're going to ask yourself, were you a fool? Why didn't I see it coming?"
Jedynak and his coworkers at United aren't the first to feel betrayed. First in steel, now in airlines, tens of thousands of workers and retirees counting on promised pension ...