(by Dr. Goldfinger)

A strong opposition towards the pension plan of the U.S. United Airlines was disclosed in the draft letter signed by congressmen and senators ahead of presidential elections.

Two congressmen, George Miller from California and Jan Schakowsky from Illinois, and senator Ted Kennedy were the coordinators of the campaign against the airlines company, which has an option to terminate benefit pension plans in order to reduce costs.

The main problem is that the White House has no desire to see benefit cut before the election. “The White House does not want to see a termination before the election.” said one person that is against the plan.

United’s main target now is saving as much as $3 billion within the next four years and it is going to fulfil it by replacing benefit plans by defined contribution plans, which are much cheaper. As for the election concern, the company said it would not take any steps before the U.S. presidential elections.