Originally Posted by
pinseeker
There's a big difference between giving something up during negotiations and having it taken away from you during bankruptcy. The bankruptcy court ruled that Delta couldn't come out of chapter 11 without terminating the pilot pension.
If you head over to the Delta forum you will see that the pilot group willingly gave it up because of fear of being forced to give it up. It sounds like some got a lump sum and some get a PBGC payment. It sounds as if it was given up to “save” what was left of it. Now this is just my takeaway from my reading in a few of the recent threads they have started in regards to them trying to get a DB plan back. It was the thread in regards to “Deadzoner”