It varies widely based on the benefit that had been accrued at the time of plan termination. I know there are many pilots hired in the 1999-2001 timeframe at Delta who's benefit from the PBGC is in the <$500/month area. I would think that everyone hired in 1992 or before would be in the group who are limited by the max PBGC limit, which for plans terminated in 2006 would be around $2300/month at age 60 or $3500/month at age 65. This is an oversimplification of it for sure as there are many other nuances that go into the total benefit calculation for an individual. For comparison, a pilot who was hired at 30 in 1988 would have been 48 in 2006 when the plan entered trusteeship with the PBGC. If that pilot had earned $200,000 per year prior to the soft freeze of the pension in 2004, they would have an accrued monthly benefit of $6,400 expected at age 60. Instead that pilot would get about 36% of that earned benefit due to the monthly max from the PBGC at age 60 of approximately $2500. That's about a $47,000 per year haircut in retirement for the first 18 years of service. That pilot would turn 65 this year.