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To: JDN who wrote (298410)9/19/2002 4:24:12 PM
From: Mr. Whist  Respond to of 769670
 
When the company proposed the pension revision, the first thing I did as union local vice president was to buy a few hours' time of the best tax attorney and best actuary in town. I also got on the phone to the international's top pension person.

All three said emphatically: "Don't change what you've got."

Our defined pension plan is fully funded. In fact, the overfunding is what the company had its eye on with the conversion.

Yeah, JDN, I really felt bad denying some of the corporate suits a big, fat bonus for screwing the workers. These guys had to drive their Cadillacs another year instead of trading 'em in a new model.