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Old 01-11-2020, 04:26 PM
  #21  
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Originally Posted by Noworkallplay View Post
If you head over to the Delta forum you will see that the pilot group willingly gave it up because of fear of being forced to give it up. It sounds like some got a lump sum and some get a PBGC payment. It sounds as if it was given up to “save” what was left of it. Now this is just my takeaway from my reading in a few of the recent threads they have started in regards to them trying to get a DB plan back. It was the thread in regards to “Deadzoner”
There are multiple news articles plus a Delta press release that says that it was taken away in bankruptcy. Are you saying that the Delta pilots voted to give away their pension? The only thing I could find is that the Delta pilots decided not to challenge the judges decision due to cost and the unlikely chance of success.
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Old 01-11-2020, 06:44 PM
  #22  
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Delta’s pension plan was terminated in bankruptcy. They certainly didn’t give it away voluntarily so a few people could get a lump sum payout and the rest of them crumbs from the PBGC.
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Old 01-11-2020, 06:57 PM
  #23  
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Obviously confusing it with the NWA pilots who froze theirs and kept benefits earned even after the merger.
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Old 01-11-2020, 08:52 PM
  #24  
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Originally Posted by Fdxlag2 View Post
Obviously confusing it with the NWA pilots who froze theirs and kept benefits earned even after the merger.
Ahh maybe that was my confusion. Good thing is we still have ours. Now let’s get it back to today’s dollar value and income replacement ratio. I hope it’s at the top of the list for all in our group.
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