Originally Posted by
Denny Crane
Ones PBGC benefit is based on the year the pension was terminated. Not the year in which benefits begin. The maximum PC-4 benefit from the terminated pension is a lot less than the 2019 maximum benefit. PC-5 benefits are added to that maximum. Not all pilots will get a PC-5. If their earned benefit was the maximum or under, they won't get an additional benefit.
Denny
After reading the PBGC again, I apparently glanced over some key notes regarding which year chart to use.
So since the DB was terminated while DAL was in bankcrucpy, we would use the 2005 year charts for when bankcrupcy was entered.
Max at age 65 is $3,801.14 per month for $45.6K per year.
Is that more accurate?