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Article: ALPA Defends US Airways Pilots' Earned Pension Benefits in Court.
- Article from:
- PR Newswire
- Article date:
- February 21, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. 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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ALEXANDRIA, Va. -- ALEXANDRIA, Va., Feb. 21 /PRNewswire/ -- The Air Line Pilots Association, International (ALPA) is proceeding with its legal objection in U.S. Bankruptcy Court today to prevent the unilateral distress termination of the US Airways pilots' defined benefit pension plan.
ALPA is challenging US Airways' assertion that it can first terminate the pilots' contractual defined benefit plan without ALPA's consent, and then impose a defined contribution plan into the pilots' working agreement.
"US Airways pilots have already agreed to annual pay, work rule and retirement concessions totaling $646 million, enabling US Airways to proceed with a ...