Originally Posted by
DeadHead
In regards to the latest Capital Deployment Plan, what groups are still getting pensions?
Is the extra pension funding for current retirees who are still collecting pension payments, or is paying off some type of pension-related debt?
I was under the impression that most, if not all, employee pension programs were done with.
No, only the pilots pension is done with. The other employee groups have a "promise to pay" still in place varying from frozen DB to regular DB. It is one of the "elephants in the room" financially for DAL (the obligation is somewhere around the $20B-$30B mark). Additionally, the frozen FNW pilots pension does have annual funding requirements.
Draw your own conclusions about the effectiveness of organized labor on this one.