Originally Posted by
Bucking Bar
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.
Point of order: No one got that amount of stock with the JCBA. The most senior captain was less than half that. After ALPA released the shares from Athena? Capital, the highest value was less than 1/8th. Maybe that stock has grown in value over the past 15 years, but it was never accrued that high back in the day.