Apparently not enough people asked for this item as it didn't make it on the list. I'm not sure exactly how we would calculate the "loss." My own math counts both Claim and Note monies and the PBGC $; some would not. Last I checked the single employer PBGC is about 75% funded and that is what I use. Backstopping the future PBGC payments would be the "right thing to do," but I'm not holding my breath. OFG

Couldn't Delta just take out an insurance policy in the event of a PBGC failure? Kind of like the golf outings that offer a car if you make a hole in one on a par 3? They don't buy the car, they buy an insurance policy! Just in case someone actually drains one. I'm sure we could find an insurance company to underwrite it. Determine the risk, and estimate how much money it would take to cover what we have coming from the PBGC.

Personally, I'm not counting on the money being there when I retire, but it sure would be nice to believe it's going to be there.

backside of the clock flying --> shorter life span --> DB pays out for a shorter time.

OFG.......The criminal shame of it all is for $50M/year and a CBA called THE AIRLINE PILOTS ASSOCIATION....... filled with financial and legal experts......NO ONE SHOULD HAVE TO BE ASKING FOR THIS ON A CONTRACT SURVEY.

This is a national issue. The signatory party to alpa pilots working agreements is ALPA.......That is where the gatekeeper resides for this issue.

ANY airline that used bankptcy to relegate an alpa pilot groups pension to the insolvent pbgc should be held accountable in backstopping that benefit payment.

We are not talking about defunct, fragmented carriers..... we are talking about viable multi-billion profitable corporations that USED bankruptcy for arguably the EXPRESS PURPOSE of shedding pension obligations...

If alpa refuses to ratify a Ta without this provison....it can get dun.

Of course.. Why didn't I think of that?.... Oh! Now I remember, neither aviation departments existed then... Sheeesh...

Not to mention Timbo was here for 2 decades or more before the pension was cancelled.

Well Z, When they canned the DB DL made the case they couldn't restructure AND maintain the DB plan and PBGC bought it. Doing the "right thing" now and "what's legally required" now might be quite different. I don't know how successful anyone has been at post-termination efforts, but obviously DL can afford a fix.. I just doubt they will. I think we are truly in a weird position. Plan terminated and a few years later the company is minting money. Hmm. We should at least ask. OFG

we should be listening to this guy....he speaketh with straight tongue....

OFG because of thru criminally incompetent manner in which alpa had structured our DB plan..... with nearly half the benefit streaming from current year operating revenues..... just like fuel and leases..... it was an argument any 5 year old could have made to the court and prevailed.

That is why.... the morning after the bk filing..... the very first operating expense the corporation asked the court to terminate..... was the payment of the unqualified portion of the pension plan.

And the retired guys got zeroed out immediately.

What I am advocating is an effort to prevent history from repeating itself..... again.