I don't think Delta has to do anything "abusive" of ERISA to trigger a PBGC decision to restore the pension. They can do it at their discretion. As long as the decision to do so is not arbitrary or capricious.

It might be worth exploring efforts to convince the PBGC that Delta has recovered financially to such an extent that restoration of the pilot pension plan is warranted.

Lobby the PBGC to restore our pension.
THAT would be money well spent by ALPA-PAC.

What do you do with the 3500 guys that get squat?

What are the options for those of us who don't trust pensions and want nothing to do with them BUT think the guys nearing retirement or retired deserve to have it restored for them?

Isn't this our counter proposal to the failed TA? If this is just an opener to negotiate down from I'm underwhelmed.

DB pensions create a dependency on the company that promises them or the government. I want neither. The DC plan works but 20% over a career with 7% returns is needed to get to an equivalent of the old 60% FAE.

But don't forget, the DC plan creates a dependency on Wall Street, which is why most Unions went to a DB plan in the first place.

Remember the Great Depression?

Remember 2008?

Think it can't happen again?

Think you can't lose your life's savings if it's tied up in stocks?

The airline bankruptcies of 2004 were orchestrated to allow for consolidation, unopposed by the government, funded by wall street, with our pensions flushed with the help of ALPA.

What was it Deep Throat said?

Follow the Money.

Where are our former ALPA leaders today?

Moak? Babbit? Woerth?

They all have pensions, we do not.

I'm wit you on that. I don't see this company lasting 50-60 years as is.

I get that too. I just worry about it being used against us. But for those who just rerouted or within a decade, I feel like there ought to be something but I'm far from the type A that can create a solution on retirement plans.

Do you know why Congress bailed out AIG when the market crashed in 2008?

Guess who insures their retirement plans?

So, before Delta spends billions on stock buybacks, they should buy us retirement plan annuities from AIG, Congress won't let them go under!

Where do you think the money is going at the rate of $1B a year to fund those who still have pensions? Wall street. Specifically 25% of AeroMexico now. If you have the money and the responsibility, then you can invest in REITs or individual stocks or bonds through the brokerage link etc. You have control.