Originally Posted by
interceptorpilo
Don’t forget the Note & Claim and PBGC payments either that pilots got as part of the bankruptcy.
Someone sent me their numbers:
Stock $141,760
PBGC $6,800 Monthly, $9,900 if deferred to age 65 (?)
MPPP contract value $1,700 per month, but there was a distribution of $96,000
He stated his were about 20% lower than most around his seniority.
FWIW the FedEx defined benefit plan caps at $130/yr which is about $10,833 a month. Not far off what this pilots PBGC is at age 65.
He wasn't in a place to explain all of this to me. I am ***NOT*** an expert on this stuff. Open to corrections.