header links

___________________________For all Delta people who have truly touched the High Life!__________________________________
PCN Web Site____PCN FORUM___PCN Ads_____ About______ Calendar______ G-Group______ Links______ Sign Up______ FAQ______ Archives______ Contact ______________________High Life Theme Song: http://www.youtube.com/watch?v=Adw772km7PQ&ob=av2e

Latest High Life Issue

Latest HL 371 published Jun 19, 2025. Not all sections of Blog are on first page. Click OLDER POSTS to view additional newsletter sections. For PDF version and all archived list CLICK HERE. Look for next issue soon!

Airlines news

Sunday, January 4, 2015

Pension - HL 223 (3)



Regarding DP3 filed case in Atlanta court:
Roger Horrell jollyrog@gte.net                     
Re: PCN - HL 222 in another week. DP3 News  Dec 7 

A court case against Delta in an Atlanta court?  We don’t stand a chance.

Editor: Roger, your email post appeared in HL 222 but I got to thinking about it and wanted to respond.  I am not a spokesmen nor a trustee for the DP3, however, I don’t think Atlanta venue will necessarily be a bad thing.  The case isn’t against Delta but rather the government agency of the PBGC.  Many of our appellates live near the filing.  And lastly it may be easy for a number of retirees to get to to attend if they wish.  Admittedly the courts have not had a stellar history of holding our government accountable but the case is well written so let’s all hope for the best.  Should be interesting.  Mark

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
From: George
Date: 12/22/2014 8:35:06 AM
Subject: PBGC Pensions

He mentions AARP at the end.  Imho, they are nothing but another large insurance company themselves in bed with the left & worthless anyway.
 
Meanwhile in many royal blue liberal states like CA for one, you never see them cutting gov't pensions for the municipalities
that have declared bankruptcy.  Instead the courts cut elsewhere such as bondholders while holding the taxpayers still
responsible to pay for many of their ludicrous public employee union pensions via increasing fees & taxes for "the rest of us".

And some of "the rest of us" are the ones who have had our pensions either taken completely away or receive as low as 10 cents on the dollar
from the PBGC.  Yet we continue to pay for the public employees' pensions.  Talk about salt in the wounds!  

Bruce

PS   Think it will never happen to you.  Yeah & we'd never have a socialist president running us into the ground either!

3 minute video:
PBGC Pensions
 
 Dick Morris explains what is going on with Congress passing the PBGC Pension Reduction Act

++++
More on same subject:

From: George
Date: 12/27/2014 10:13:04 AM
Subject: DALRC & RAP, Inc.
 

DALRC & RAP, Inc.
December 26, 2014
               Pension Plan Legislation
                 Notice from DALRC, Inc.
Many of you may have recently seen headlines in the business section of newspapers or from other media outlets about recently passed federal legislation that could reduce pensions up to 30%.   You can relax because this does not pertain to our Delta pensions.  
This particular legislation is addressing multi-employer pension plans that are distressed and may become insolvent in the future. They are far removed from the caliber of Delta's ground and flight attendant plan which is governed under the Pension Protection Act of 2006.
However, this type of thinking in Washington could possibly open the door to additional retirement changes in the future. Rest assured that DALRC will continue to closely monitor any legislative winds that could affect pensions and income tax and notify you of any action we as a retiree group may need to take.

info@dalrc.org
DALRC & RAP, Inc.

 


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Full post disclaimer in left column. PCN Home Page is located at: http://pcn.homestead.com/home01.html

No comments: