Originally Posted by Roll Inverted and Pull
I don`t know where you got your info, but it`s wrong. The max is about $46,000. I predict that my last pension check will arrive on 1 March and then the PBGC will step in and take all of the assets in out retirement fund(s),two pilot accounts, qualified and unqualified and of course all of the money in the ground pounders accounts. Luckly the pilots that retired over the past 12 or so years, had the option of taking half of our retirement as a lump sum (which most did). After Delta management finishes screwing the active pilots (also on 1 March), they are gonna file a section 1114 brief and come after our (retired guys) medical plan, probably on or after 1 July. You folks would not believe what a great place to work Delta used to be...look at it now after the Harvard MBA`s finished with it and bailed out.
Roll,
I'm glad you got your lump sum, but you may want to educate yourself about the PBGC maximums and adjust your budget accordingly. Check out pbgc.gov, specifically
http://pbgc.gov/workers-retirees/fin...e789.html#2006
You'll find that for plans terminating in 2006 the maximum benefit for those who retired at age 60 is $30,972. (Airline pilots have to retire at 60 so they take a hit on the max amount guaranteed.) The DALPA web site has tons of info on the possibility of the plan terminating, but I'll assume you don't have access to it. If you have any friends still flying for Delta you may want to head over to their house with a six pack and log on to the union web site for more details. Best of luck.
