The APFA Union has informed it's flight attendants that the Company is weighing in on the benefits of "De-risking" their pension pla
Posted On: Apr 11, 2019
The APFA Union has informed it's flight attendants that the Company is weighing in on the benefits of "De-risking" their pension plan. The Company's motive may be to reduce the risk posed by unfunded pension liabilities, which must be carried on the books as debt. The real risk is if the pension is turned over to a third party, it is not protected by the PBGC, but in order to privatize the company would have to fully fund the pension. Another fight might be brewing in the future for the APFA in contract negotiations.