Originally Posted by Stu Jamison (Post 1692402)

The controller was just looking out for him. After all there could have been an inbound -67 about to land on his taxiway. That's all.

Originally Posted by Stu Jamison (Post 1692409)

Well for starters your company dumped their pensions on the PBGC. My buddy who retired in 1997 with just under 35 years of service took a major hit on his pension. How's that for starters?

Originally Posted by Stu Jamison (Post 1692409)

Well for starters your company dumped their pensions on the PBGC. My buddy who retired in 1997 with just under 35 years of service took a major hit on his pension. How's that for starters?

Originally Posted by sailingfun (Post 1692432)

You should do a little research. For starters they dumped one pension on the PBGC. There was no plural. All other pension were kept. The one pension dumped on the PBGC was the pilot plan. The PBGC received a substantial stock grant in the reorganized Delta in the assumption of that plan. It turned out the PBGC basically made money on the deal and in fact had to pay pensions well above their normal max to Delta pilots because of that recovery. In addition you seem to have no idea that the PBGC is essentially a private insurance company not funded by the tax payers. It is funded by insurance premiums.
As far as your buddy who retired in 97 it's sad you consider him a friend when he is a flat out liar. He would have been 67 to 68 when the plan was terminated. They took at best a 200 to 300 dollar a month hit and if he was 68 probably nothing. They also received compensation in a claim sale.

Originally Posted by PBGC in denying the PC3 group's claims

When the Pilots Plan terminated, its total underfunding - i.e., the difference between the ' values of its assets and its benefit liabilities - exceeded $2.5 billion.

PBGC's guarantee under ERISA ensures that pension plan participants and beneficiaries will receive their pension benefits up to the statutory limits even if their terminated plan has no assets. Because the Pilots Plan had some assets when it terminated and because PBGC obtained significant recoveries from Delta, ERISA authorizes PBGC to pay additional nonguaranteed benefits to Pilots Plan participants and beneficiaries.

Overall, PBGC is paying over $1.8 billion of the Pilots Plan's nonguaranteed benefits, in addition to over $1.6 billion in guaranteed benefits. Nevertheless, PBGC is unable to pay nearly $1.1 billion of the Plan's benefits.

PBGC is unable to pay all Pilots Plan benefits primarily because ERISA places a cap, • known as the Maximum Guaranteed Benefit ("MGB") limit, upon the amounts that PBGC guarantees. For the Pilots Plan, the MGB is $47,659 per year for a participant who begins receiving PBGC benefits at age 65 in the form of a straight life annuity ("SLA"). Because the large majority of appellants have Plan benefits that exceed the MGB, PBGC is often unable to guarantee their full Plan benefit amounts.

Originally Posted by sailingfun (Post 1692432)

As far as your buddy who retired in 97 it's sad you consider him a friend when he is a flat out liar. He would have been 67 to 68 when the plan was terminated. They took at best a 200 to 300 dollar a month hit and if he was 68 probably nothing.

Originally Posted by forgot to bid (Post 1692239)

http://i938.photobucket.com/albums/a...ps9e1106a2.png

Originally Posted by MrBojangles (Post 1692456)

this guy needs to be called out for this..maybe he needs some help. ya'll remember that jetblue pilot that went nuts a few years back?

Originally Posted by NERD (Post 1692418)

Stu,

This pilot was out of line and will be handled by pro-stan or the chief pilots office. That being said, you seem to have a overly sensitive side to all things Del-duh. Who do you work for again?

Originally Posted by Alan Shore (Post 1692448)

Are you sure about that? I thought that everyone lost 100% of his unqualified benefits, which for those who took the lump sum would have been most of the remaining monthly benefit.

Originally Posted by Bucking Bar (Post 1692471)

Anone who has been on a Douglas product is nuts like Buzz Aldrin is nuts. After all, he took one of their products to the Moon and back; then punched someone in the nose.*

The rest of us look at those intrepid MD88 pilots returning from a mission with awe and fear. You know, you see the respect when you hear one of them print off a rotation (all those legs) and the rest of the lounge stops for a moment in guarded silence, lets him get his trip off the printer (no weather mind you, because they don't stop for nothin) and after a moment's respect, the rest of the pilots resume their talk Munich layovers and the women of Prague.

----

* In typical Mickey Douglas fashion it fell apart half way there, but Buzz was able to use a Bic pen to close the circuit to fire the lunar ascent rocket ... true story.

Mickey Douglas + Apollo = Dead Astronaughts
Mickey Douglas + Duct Tape + Chewing Gum + Improvised Circuit Breakers made of Bic Pens = Success and an Academy Award for Tom Hanks.

Originally Posted by Stu Jamison (Post 1692487)

It sure ain't deltuh. That's for sure.

Originally Posted by Al Czervik (Post 1692470)

Is this a German U-boat pic?

Originally Posted by Carl Spackler (Post 1692483)

This thread might very well hold the record for thread drift.

Carl

Originally Posted by forgot to bid (Post 1692495)

It's one of the most beautiful threads I have ever seen.

Originally Posted by Stu Jamison (Post 1692504)

Sure that's it. Just don't come hugging on me dude. I don't swing that way, but thanks anyway.

Originally Posted by Stu Jamison (Post 1692402)

The controller was just looking out for him. After all there could have been an inbound -67 about to land on his taxiway. That's all.

Originally Posted by johnso29 (Post 1692513)

If people are incapable of conversation without injecting foul language and name calling, they will be receiving a little break.

Originally Posted by forgot to bid (Post 1692521)

There is no test of one's back end at Delta.

But now we know you wouldn't pass a back end exam, not sure how you found that out, but to each his own.

Originally Posted by forgot to bid (Post 1692527)

Is "Juno" foul language?

Originally Posted by Carl Spackler (Post 1692483)

This thread might very well hold the record for thread drift.

Carl

Originally Posted by forgot to bid (Post 1692492)

Maybe.

http://lh3.googleusercontent.com/_hV...6ueryuerht.jpg

Originally Posted by Stu Jamison (Post 1692552)

No it's not. It's the examination room for pre-employment rectical exams

Originally Posted by johnso29 (Post 1692556)

What's a rectical exam???

Originally Posted by johnso29 (Post 1692556)

What's a rectical exam???

Originally Posted by Airhoss (Post 1692557)

Same as a rectal exam but with more force and volume.

Originally Posted by EYBusdriver (Post 1692548)

http://lh3.googleusercontent.com/_hV...6ueryuerht.jpg

Is this an MD 80 cockpit?

Originally Posted by forgot to bid (Post 1692492)

Originally Posted by Airhoss (Post 1692557)

Same as a rectal exam but with more force and volume.

Originally Posted by johnso29 (Post 1692556)

What's a rectical exam???

Originally Posted by Stu Jamison (Post 1692552)

No it's not. It's the examination room for pre-employment rectical exams

Originally Posted by Stu Jamison (Post 1692552)

No it's not. It's the examination room for pre-employment rectical exams

Originally Posted by Mesabah (Post 1692611)

What kind of golf clubs are you guys hitting this season? Just got some new Taylormade's, and they are fantastic.

Originally Posted by DD214 (Post 1692238)

I should hope so. This one yahoo represents Not just Delta pilots but the entire profession. I cringe when I walk trough the terminal and see my regional counterparts with spike hair the ear buds and the nap sack not to mentioned the wrinkled shirts and dull shoes. I dunno maybe it's just the Military still in me.