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For example, the United Plan says, 

“The Company hopes and expects to continue the Plan indefinitely but necessarily reserves the right to change, modify, or discontinue it at any time.” 

But pilots can be adversely affected even if the plan is only modified— which can be done at any time. And in one case the plan in effect can be automatically changed. This is the Braniff plan which says, “The amount of the retirement income… is dependent upon the rates included in the Group Annuity contract. These rates are guaranteed with respect to contributions made before June 30, 1948, and may be changed with respect to subsequent annuity purchases.” The Braniff employees haven’t been told the bad news yet, but before very long they will find out (if this doesn’t stop it) that, come July 1, 1948, the annuity they’ve been getting for $10 is going to cost them $11 to $11.50. 

But, suppose the plan is in effect and you 

BUST your physical at 40. What will you get 

out of any of the Company pension plans?