Originally Posted by
OldFlyGuy
Apparently not enough people asked for this item as it didn't make it on the list. I'm not sure exactly how we would calculate the "loss." My own math counts both Claim and Note monies and the PBGC $; some would not. Last I checked the single employer PBGC is about 75% funded and that is what I use. Backstopping the future PBGC payments would be the "right thing to do," but I'm not holding my breath. OFG
Couldn't Delta just take out an insurance policy in the event of a PBGC failure? Kind of like the golf outings that offer a car if you make a hole in one on a par 3? They don't buy the car, they buy an insurance policy! Just in case someone actually drains one. I'm sure we could find an insurance company to underwrite it. Determine the risk, and estimate how much money it would take to cover what we have coming from the PBGC.
Personally, I'm not counting on the money being there when I retire, but it sure would be nice to believe it's going to be there.