Originally Posted by Buck Rogers

Sorry you lost me. I really have no idea what you are saying(my bad). What I threw out was a 2% COLA(like SS gets or military or civil service) for pilots hired before around 2004 that have a PBGC or frozen DB. My PBGC is around 60k a year paid for by the insurance and the PBGC(taxpayer)....so no cost to Delta. The 2% or roughly $1,200 per year it what the incremental cost is for me. So, I'm not sure where you get 3Billion for the contract, maybe more like 10 million per year for the 10,000 pilots(or so) that this affects Whether that is retro back to date of freeze, who it affects etc is all up for discussion. No point in muddying the waters if there is no support for any type of plan.



The nut I am attempting to crack is the impact inflation has on the frozen plans. If the money was in your own name(as it is today) you could manage that inflation risk. If the DC would have always been 16%....again, you can manage the inflation risk. Alas, for the folks that don't/didn't have 30 years of 16% DC to save in their own name...some sort of COLA to help defray the inflation costs and preserve the buying power of the frozen plan