Value of Our Flight Attendant Pension Plan
April 11, 2005
May 9, 2005 Correction
In the video "Value of Our Flight Attendant Pension Plan" it was stated that United plans to terminate our pension plan and replace it with a defined contribution plan in which contributions are equal to 3% of flight attendants' pay. Since the video has been released, United has increased the proposed contribution rate from 3% to 4%. While this change would increase our future defined contribution account balances, the replacement plan would still be a significant reduction in our retirement benefits. Based on a 4% contribution rate, the specific examples shown in the video would be:
| Name | AGE | Service | Monthly Benefit Current Plan | Monthly Benefit Replacement Plan | Replacement Percentage |
|---|---|---|---|---|---|
| Raul Miller | 52 | 32 | $1,728.12 | $1,626.51 | 94% |
| Raul Miller if age 49 at termination | 49 | 29 | $1,943.90 | $1,342.14 | 69% |
| Robin Gilinger | 42 | 19 | $2,184.85 | $776.29 | 36% |
| Anel Ramirez | 31 | 10 | $3,413.18 | $1,343.43 | 39% |
| New Hire | 25 | 0 | $2,101.79 | $1,070.40 | 51% |
This video is no longer available and has been archived. If you have any questions, please contact the MEC Office.
