Old 03-17-2011 | 03:53 AM
  #8  
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Originally Posted by Fresh Hot Pizza
What brings this up is a conversation regarding pensions in the "Cargo" forum of this website. I was debating another individual, and he stated that the pensions that were deleted [my term] from the pilots at Delta and United were actually purchased away, something that I had never heard of. Here's a link to the thread:

http://www.airlinepilotforums.com/ca...tml#post965162

What actually happened?
I think what he's referring to in that other thread, is he'd like to see his FDX DB pension bought out - meaning an insurance company would pick up the commitment to pay his benefit rather than FDX. That can theoretically be done, if there's enough money in the pension fund to purchase annuities for every participant; but I doubt it has that much money, particularly at today's historically low interest rates.
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