Sailing - not sure where you got your numbers but PBGC is NOWHERE CLOSE to covering the A-Plan.
Maximum Monthly Guarantee Tables
PBGC Maximum Monthly Guarantees for 2012*
Age2012 Straight-Life Annuity2012 Joint and 50% Survivor Annuity** 65 $4,653.41 $4,188.07 64 $4,327.67 $3,894.90 63 $4,001.93 $3,601.74 62 $3,676.19 $3,308.57 61 $3,350.46 $3,015.41 60 $3,024.72 $2,722.25 59 $2,838.58 $2,554.72 58 $2,652.44 $2,387.20 57 $2,466.31 $2,219.68 56 $2,280.17 $2,052.15 55 $2,094.03 $1,884.63 54 $2,000.97 $1,800.87 53 $1,907.90 $1,717.11 52 $1,814.83 $1,633.35 51 $1,721.76 $1,549.58 50 $1,628.69 $1,465.82 49 $1,535.63 $1,382.07 48 $1,442.56 $1,298.30 47 $1,349.49 $1,214.54 46 $1,256.42 $1,130.78 45 $1,163.35 $1,047.02
There are the numbers and the link to the actual data. I sincerely doubt that 60-65 y.o. pilots are only getting that small of a pension (which I presume most have 25-30 years). PBGC guarantees were not made for white collar professionals and don't come anywhere near what their pensions should have paid. Find anyone who had substantial benefits (even most NB CA have 20+ years and lost a lot of money with Pension termination.