There is so much wrong with his reply I will only mention one thing.

Pennies on the dollar for retirement? Most pilots will recover between 70 and 85 percent of what they were due. I would hardly call the pennies. There are 4 different components to the recovery. The MPP money, The note Money, the PBGC money and DC plan contributions. New pilots may actually exceed what the old plan provided because of front loaded contributions. Notice I did not mention the claim or merger stock money. Both of those were to help offset the pay cuts under the 1113 contract. Yes it went into the retirement fund up to the 415 limits but you could have recouped a portion of that in cash by a reduction in 401k contributions to equal the amount deposited. One other thing to keep in mind. The Delta MEC made a decision to allow the plan termination because they felt that the cost to retain the plan would have impacted the junior pilots far more then the senior pilots. They felt that going for the note payment and stock to the PBGC in the termination would better serve the entire seniority list. Keep in mind the plan was frozen under the Malone administration.