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AIR LINE PILOTS
RETIREMENT PROJECT
E-X-P-L-A-I-N-E-D

If you BUST your physical when you're 40—or 45—or 50—what will you do??? Get another job, of course! But—when? And what kind of a job? And what will it pay?

Right now, if you had to quit flying, you might get a pretty good job, although your income might be less than you make as a pilot... but in a period like any year before the war you may not get any kind of a job for quite a while - and when you do, you may have to go pretty far down the scale. Perhaps you'll work back up...and maybe you won't!!

Do you think your Company Pension Plan will help you? Let's see. Do you have a Company Pension Plan? Half of the active air line pilots must answer "NO" to this one. If you are in a Company which has a PLAN now, what assurances do you have that there will be one 10 years from now ... or 20 years from now, ... or, for that matter, 6 months from now?

Every pension plan can be stopped by the Company. The right to do it is always reserved. 

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,

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