Originally Posted by
NoSoupForYou
Yes- only the extremely obvious one. Delta froze, then terminated the Delta Pilot DB plan. The former NWA pilots still have their frozen DB. I don't know of any precedent of merged ALPA pilots flying together where one in the cockpit has a pension and the other does not. This needs to be addressed and fixed.
As a 1990 hire, I had accrued a fairly significant pension at time of freezing and termination, yet my PBGC and bankruptcy recovery cover only a small portion of that. If, as Bastian has been trumpeting up in MSP, Delta is committed to its employee's pensions, then Delta needs to admit its illgotten windfall at terminating its own pilot's pensions and make the DAL pilots whole.
One suggestion might be a "matching fund"- i.e. money used annually to fund the NWA pilot pensions be matched for the original DAL pilots on the basis of their shortfall and added to their DC plan.
Soup
An interesting point that no one is discussing is the fact that the PBGC can go back to a company and make them resume their pension obligations that were turned over to the PBGC. DAL during bankruptcy got some five year deal with the PBGC that prevents them from coming back to Delta to do this until the end of the five year term. I believe we have around 2 1/2 years left on this. It's my understanding that if the PBGC feels DAL can resume the pensions they can force Delta's hand on this. So, the battle as I understand it is far from over.