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Old 10-11-2011 | 01:15 PM
  #77847  
DAL 88 Driver's Avatar
DAL 88 Driver
At home on the maddog!
 
Joined: Mar 2009
Posts: 2,874
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From: Retired (mandatory age 65)
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Originally Posted by Pineapple Guy
Denny, I googled "Delta Air Lines Form 5500". Up popped a link to download that off the "Disabled Delta Pilots & Survivor's Association" website. If you reference that, it pretty much validates what slowplay said earlier. As of 6/30/10, the D&S has about $1B in assets, but $1.8B in liabilities, with the majority of those liabilities to pay current survivors and future survivors of current retirees. Considering, its substantially underfunded at present, it seems a bit unfair to drain the fund further to pay me a future survivor benefit, unless, of course, we want to negotiate to greatly increase the funding. But that would be significant cash, and I'd rather have that in my paycheck, rather than the D&S Trust.
Oh crap! Now I'm agreeing with PG too!!!