SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: lisalisalisa who wrote (219819)2/8/2003 2:31:54 PM
From: Bid Buster  Read Replies (1) | Respond to of 436258
 
Edit: Have you heard whats happening to US steel pension come March?
correction, Bethlehem steel



To: lisalisalisa who wrote (219819)2/8/2003 2:46:56 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 436258
 
airline industry pensions will do in the future what steel industry pensionos are doing today.



To: lisalisalisa who wrote (219819)2/8/2003 3:59:11 PM
From: Alias Shrugged  Read Replies (1) | Respond to of 436258
 
>>>Do you (or anybody) have any idea how well airline stocks pensions might hold up?>>>

uhhh...they are more sound than the steelmaker pension plans. There, I took the high road and said something positive!

<<<Is it possible he could be screwed out of his pension entirely in the coming years? >>>

Yes, the pension will pay him a fixed dollar amount whose value will be crushed by Uncle Al's 24-7 Print-a-Rama. Tell him to pray for deflation or buy gold.

Mike



To: lisalisalisa who wrote (219819)2/10/2003 10:42:10 AM
From: Horgad  Respond to of 436258
 
I don't know about the other airlines, but United pensioners stand to lose about 1/3 of their pension because of the bankruptcy. This might be a special case since the airline is employee owned.