"This is an ACTUAL copy of the ANNUITY issued by John Hancock Insurance for TWA's Retirement Plan for Pilots."
NOTE 1ST PARAGRAPH BENEATH 'BENEFICIARY':
As a ""SELF-FUNDED" retirrement plan, TWA does NOT have to 'contribute' anything - - until the employee's contributions are 'USED UP'. In cases such as Capt. Heald's, after 27 YEARS OF SERVICE,
his 'contributions' lasted less than 3 years - - with TWA not kicking in 'their share' until his was 'used up' in 1994 - - the very year he died.
As Scott Hecht, TWA's lawyer, said in a letter of June 16, 1999, "....his benefits were exhausted when he died purely as a function of the operation of the Plan's terms." And... "in 1997, the United States District Court
for the Western District of Missouri confirmed that the Retirement Board had the exclusive jurisdiction to consider the matter."
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