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Old 03-15-2023 | 09:04 AM
  #151  
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Originally Posted by overqualified52
which pilots still have pensions ? Fed Ex and UPS do I think but other than that no one. Hopefully everyone’s 401K doesn’t go by the way of Silicon Valley Bank. 💀
some (not all) former NW pilots have a frozen pension. In some cases it’s worth a substantial amount.

Most DL pilots hired prior to 9/11 have a PBGC benefit. It may not be a pension but it’s an annuity that’s paid out for the rest of their life.

Worth noting this isn’t much of a benefit at all for those hired in the late 90s- early 2000s. But from the numbers thrown around by guys hired in the 80s and early 90s, it’s not insignificant.
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Old 03-15-2023 | 10:16 AM
  #152  
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Originally Posted by beernutt
Kaboom. Somebody had to say it. Thanks.

I don’t think Delta pilots are better than anyone else or any of the hate that’s going to come from this post but when you remove the last chance at any QC whatsoever then you get what you get and it’s not always what you want.
The QC is presumably the mandated qualification testing. Clearly they meet the QC standards of Delta corporate since they keep them on payroll. The real test though is if you are going to refrain from the free ride in the back. If you don't feel too unsafe to nonrev with them then they must be ok. Anything else is posturing. "We only fly mainline in this house!"
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Old 03-15-2023 | 01:58 PM
  #153  
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Originally Posted by Gone Flying
some (not all) former NW pilots have a frozen pension. In some cases it’s worth a substantial amount.

Most DL pilots hired prior to 9/11 have a PBGC benefit. It may not be a pension but it’s an annuity that’s paid out for the rest of their life.

Worth noting this isn’t much of a benefit at all for those hired in the late 90s- early 2000s. But from the numbers thrown around by guys hired in the 80s and early 90s, it’s not insignificant.
Literally everyone from the bankruptcy era except pre merger Delta pilots has a frozen pension.
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Old 03-15-2023 | 03:51 PM
  #154  
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Originally Posted by notEnuf
Literally everyone from the bankruptcy era except pre merger Delta pilots has a frozen pension.
yeah. Pretty effed up they froze everyone else’s pension but terminated the pilots.
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Old 03-16-2023 | 08:01 AM
  #155  
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Originally Posted by Gone Flying
yeah. Pretty effed up they froze everyone else’s pension but terminated the pilots.
The pilots voted for it.
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Old 03-16-2023 | 08:05 AM
  #156  
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Originally Posted by hockeypilot44
The pilots voted for it.
Watch out, you are going to wake up the we had no choice crowd.
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Old 03-16-2023 | 08:06 AM
  #157  
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Originally Posted by Whoopsmybad
Watch out, you are going to wake up the we had no choice crowd.
Is that the same crowd that says they did it to save Delta so that everyone else could get hired here? "Without us doing that, you wouldn't even be here!"
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Old 03-16-2023 | 12:51 PM
  #158  
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Originally Posted by notEnuf
Literally everyone from the bankruptcy era except pre merger Delta pilots has a frozen pension.
Does ANYONE know what literally means????? and oh, BTW not true.
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Old 03-16-2023 | 12:52 PM
  #159  
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Originally Posted by formerdal
Does ANYONE know what literally means????? and oh, BTW not true.
Literally no one does.
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Old 03-16-2023 | 05:18 PM
  #160  
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Joined: Dec 2008
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From: NYC 330
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Originally Posted by Gone Flying
yeah. Pretty effed up they froze everyone else’s pension but terminated the pilots.
Not exactly true, I am former NWA w a frozen pension.
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