Originally Posted by Timbo

Frozen means they kept all of what they had accrued to that point, as in they didn't lose any of it.

Not like Delta's DB fund, where it was flushed down the PBGC toilet.

Here's the funny part. When American was in bankruptcy, they were told they had to flush their DB (A fund) too.

There was just 'no way' they could keep it.

Guess what?

They kept it.

I've spoken with some guys who were on the 'inside' back when Delta was in bankruptcy. We knew our plan was underfunded, and met the levels to be given to the PBGC, but I was told that if we had reduced our payout to 49% FAE instead of 60% FAE, our plan could have survived.

I was told Lee Moak wanted all or none, not a reduction to 49% FAE.

What's Lee's ALPA retirement plan now that he's an A4A lobbiest I wonder...