Yes we did get something and I am thankful for that, but,the banckruptcy payout was peanuts compared to what some of us would have accrued. It really depended on how long one had remaining to fly. Some of us were kind of in the dead zone. Not many years until retirement, yet not very much of a pay out either. Secondly, all of the pretend (Preferred ESOP) stock DAL was using to fund our 401k's was vaporized. Additionally, unless one put that pay out money in a shoe box waiting for the laws regarding taxing it to change, nearly all of it was taxable income added to one's normal year's earnings. That meant a very high tax rate for most of that money. Thirty plus percent of it was given to the Governement to spend. There were also some other smaller tax benefits that we didn't qualify for because of the pay outs, but that's a whole nother animal. Also, the PBGC account (if it is actually there when we retire) is about a third to half of the promised and earned annuity pay out. Better than nothing as you say, but still a kick to the financial groin.