A discussion about the airline industry, airline employees, and all things related

Continental Airlines has agreed to contribute to the fully-funded IAM National Pension Plan at the discretion of the IAM and the Continental Airlines flight attendant membership. However, the IAM National Pension Plan would be activated immediately if the current Continental Airlines Retirement Plan is frozen or terminated. IAM flight attendants now have the security of knowing they do not have to depend on Continental's poorly managed, grossly underfunded pension plan for retirement security.

Terms of the four-year agreement also include preservation of wage rates and progressions for current flight attendants; top base pay rate increased to $50 per hour prior to the amendable date; furlough protection; enhanced crew rest; improved commuter and reserve issues and ensures participation in profit sharing and stock option plans.