Numbers moved over from a JF post, with permission.

PSPP what if's:
Let's assume we voted to approve the PSPP last year (Pilot Stabilized Pension Plan was the last iteration of the name following the adoption of an additional benefit calculation to protect those folks who choose to work 60% of their lines and stay Senior as FO's)

Pilot payroll roughly $1.3B

FedEx was formerly contibuting 5-8% of payroll to the FedEx Portable Pension plan to our non CBA fellow employees, something FedEx terminated last year and switched them over to an expanded 401k starting in 2020.
As Senior employees at FedEx, I'll use 8% as the contribution amount for 2019

$1.3B * 8% = $104M

Let's assume that $104M lost 30%

That puts the value of our PSPP Trust at $72M

Don't recall the total number of retirees last year, but if they were all Capt's their PSPP Pension Benefit would've been $5600,
At 200 pilots retiring that's $1.12M in benefits
At 300 pilots retiring, that's $1.68M in benefits.

So rounding up, that leaves $70M in our new Pension trust with another $104M rolling in for 2020.

Shoot, if all 5k of us earned the DC limits, that would've been a $28M in promised Pension benefits. Even at that level of promised benefits, our Pension Trust funding level would be in excess of 60%.