Fairly sure that isn't it... I think it just means that US Airways can stop funding the pension and sever all ties. At that point, it would become insolvent and enter PBCG protection. Of course, that also means benefits are likely to decline and never again reach current levels. _____ From: B787300@xxxxxxx [mailto:B787300@xxxxxxx] Sent: Thursday, January 06, 2005 5:05 PM To: Skyone@xxxxxxxxxxxxxxx Subject: Re: [Sky-1] Federal bankruptcy judge cancels US Airways contract with machini... Damn, what a cross to bear when you are older and can't return to work (as if anyone will hire old people) due to medical problems, etc. Does the PBGC step in at this point or are the people screwed? Jose Prize In a message dated 1/6/2005 4:30:21 PM Eastern Standard Time, TravelPages@xxxxxxxxx writes: Subj: Re: [Sky-1] Federal bankruptcy judge cancels US Airways contract with machinists Date: 1/6/2005 4:30:21 PM Eastern Standard Time From: TravelPages@xxxxxxxxx Reply-to: Skyone@xxxxxxxxxxxxxxx To: Skyone@xxxxxxxxxxxxxxx, skyone@xxxxxxxxxxxxxxx, AIRLINE@xxxxxxxxxxxxxxxxx, airline2@xxxxxxxxxxxxxxx Sent from the Internet <<US Bankruptcy Judge Stephen Mitchell has also agreed to terminate the pension plans for machinists and flight attendants, as well as a frozen pension plan that was still providing benefits to 28-thousand retirees.>> I guess this means just what it says -- 28-thousand retirees are about to lose their incomes. SkyOne--The Airline News Channel To Post message: Skyone@xxxxxxxxxxxxxxx To Subscribe: Skyone-subscribe@xxxxxxxxxxxxxxx To Unsubscribe: Skyone-unsubscribe@xxxxxxxxxxxxxxx List owner: Skyone-owner@xxxxxxxxxxxxxxx Skyone URL: http://www.yahoogroups.com/group/Skyone _____ Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/Skyone/ * To unsubscribe from this group, send an email to: Skyone-unsubscribe@xxxxxxxxxxxxxxx <mailto:Skyone-unsubscribe@xxxxxxxxxxxxxxx?subject=Unsubscribe> * Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service <http://docs.yahoo.com/info/terms/> .