Originally Posted by max767capt
It took me around 40 days to get my lump sum check from DAL after I early retired last year. I hope the 1 Sept guys get their checks before a bankruptcy judge and the PBGC get envolved in our pensions. I don't think even the guys that left 1 Aug have all gotten their checks as of this week.
If the process at UAL is any indication, I think pilots DAL still have "plenty of time". Remember UAL moved to cancel the pensions only after about 18 months in BK. UAL and ALPA came to an agreement that was intented to save the A-plan (at the expense of almost everything else). Then the company came ofter that too. The first contract in chapter 11 was intended to save the A-Plan, the second was intened to stave off the 1113 process.
While it doesn't hapen over night, it WILL happen (IMO) and any DAL pilot that wants a lump sum would wise to go now.
Good luck to all of us.