Originally Posted by
sailingfun
Tim, every Delta pilot was provided with a statement when the plan was frozen detailing what they had in the plan. It's not hard to run numbers from there. I know you said you spent all the money on booze and hookers however I suspect that's not quite the case.
Well, I would have had a lot more fun spending it on booze and hookers, no doubt!
Putting 4 kids through college after a 42% pay cut did a number on my Note/claim money, and being out on LTD (at 50%) for 9mo. from that little bug I picked up in Kuwait City sure didn't help my cash flow or DC plan contributions.
I wonder if some numbers guru could figure out how much money you'd need to have saved up and invested, and at what rate of return, to net you what the 60% of FAE did, on a per year basis.
I'm guessing investing 15%/yr. of our bankruptcy pay today isn't going to come close to what we expected when we were hired with a 60% FAE DB plan.