Originally Posted by sailingfun

I don’t like any of it either but Delta pilots claiming they lost their pension are pushing credible boundaries. My and your PBGC payout at age 65 matches my NWA pilot friend total benefit. Admittedly he was a under achiever and only flew his basic schedule but the MPP plan and note offset that. The MEC looked at both groups retirement numbers and found no real difference between former Delta and former NWA.
The one thing that really irks me is getting no real DC money during the period the plan was frozen. It was promised that if the plan was subsequently terminated the targeted DC plan would be retargeted to make everyone whole. Instead they went to a flat rate.
Overall considering the companies financial state and the 20% funding level of the DB plan we came out remarkably well compared to the other airlines in chapter 11 at the time.