Wong, there's one huge flaw in your thinking. That flaw is your assumption that the plan can be "saved" at all. CSPF, as well as numerous pension plans - both private and governmental - are in bad shape. The basic problem underlying most all of them is that more was promised than can be delivered. There are many reasons for that - people promising more for political benefit, declining numbers of contributors, investment declines, mismanagement, declines in a particular industry, etc. There is no easy answer because there are many reasons for the problem. Not everything in life works out the way we want unfortunately. ::
:: happens sometimes. Blame YRCW all you want but what about all the trucking companies that shut the doors since the 1970's and 1980's. We did very well with pay and benefits during the 1970's but did any of us foresee the future back then? I don't think many did. We accepted the great pay and benefits and thought they'd go on forever. Some of that was just unsustainable in the long term.
PS - There you go again claiming I'm "sticking up for YRCW" when I'm only speaking reality. Come on in out of your fantasy world. YRCW didn't "take" anything from us. We (the majority anyway) accepted less in order to try and help the last large unionized ltl carrier to survive in what is an environment where a major part of our competition is non-union. That certainly wasn't the case decades ago. Don't you think it's time to back off the constant whining? How many years has it been now?