Originally Posted by
sailingfun
Just so everyone understands. THe way the PBGC calculates benefits greatly favors already retired older employees. I know quite a few retired Delta pilots i their 60's. They were surprised at how much they are getting. Most saw only a modest decline in monthly payments. Some as little as a few hundred dollars. .
That is NOT the case for the USAir retirees. The ALPA reps held seminars w/ ppts for the 1st, 2nd and 3rd 'tranches' and told everyone the older guys in the first 'tranche' would essentially be made 'whole'. Right if one considers losing about 55% being made whole which I know to be
FACT. Delta's termination may have been and probably was structured differently. But suffice it to say, the boys/gals at USAir got hosed big time.