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January 20, 2007

Government takes over US Airways pension plan for pilots

By Jonah2015

The government's pension protection program assumed control of US Airways pilots' underfunded pension plan, but only will fund about a fourth of the losses...about $600 million. "To prevent this from happening to other workers, pension plans need to be funded in a way that better protects the benefits participants have earned." My article, "A Direct Route to Social Security Reform" applies this approach to government pensions.

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The government's pension protection program assumed control of US Airways pilots' underfunded pension plan, but only will fund about a fourth of the losses...about $600 million. "To prevent this from happening to other workers, pension plans need to be funded in a way that better protects the benefits participants have earned." My article, "A Direct Route to Social Security Reform" applies this approach to government pensions.

Authors Website: http://apocalypseprophesied.blogspot.com/

Authors Bio:
Christopher J. Patton is the president of Faith in the Future Foundation and is an evangelist with the International Ministerial Fellowship. Formerly a biblical archaeologist, he holds a Masters in Archaeology of the Land of Israel from the Hebrew University in Jerusalem and a Masters of Business Administration from the University of St. Thomas in St. Paul, MN. Experienced in web design and electronic publishing, Patton is also an adjunct college professor teaching in the Twin Cities area.

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