Okay gang-

This is probably a huge can of worms, but maybe we can at least get some rough comparisons. Our MEC R&I people at Delta keep telling us we're better off than NWA because we don't have a pension (I know, I know...but stay with me.)

So, perhaps I can get somebody at NWA "similarly situated" to tell me in rough terms what their frozen DB will pay at age 60. My numbers are as follows:

Currently age 48
Hired DAL in 1990
Currently 767 F/O

My PBGC benefit at age 60 (year 2020) will be $2,702/month.

Can anyone similarly situated at NWA- hired in 1990 and about my age- tell me roughly what your frozen DB monthly check will pay when you turn 60?

I'm mostly curious about the fixed monthly payment portions at this point. But if it helps to compare, I also have the MPPP account distributed from our old DB plan currently worth around $65,000 and the bankruptcy Note money currently worth around $40,000.

If you find this discussion interesting or enlightening, go ahead and post your own data-points- age, hire date, original airline, and monthly benefit at age 60. I've not been able to find these comparisons from any "official" sources so thought this would be worthwhile.

Thanks!

Soup

Soup,

Let me dig into it for some exact numbes......after I take momma to her Friday afternoon movie

I'm older but junior to you and as I recall my pension was frozen as a 10 year 757FO (10year/25s) and is around $2600ish as I recall.

Interesting question.

Ferd

Soup

You think the PBGC will be around in 2020? I'm right behind you. I need it to be around in 2023. Wait until they get all the automakers' pensions. We're doomed. We need a significant increase in the DC % next round of negotiations.

Sky-

I agree on all points- and I share your concern. Smarter guys than me have predicted that both the PBGC and Social Security will be gone- and that our 401Ks- even those in the most "secure" money-market investments- will be essentially gone as fund after fund "breaks the buck". I could go on and on...but instead I'd like to try to keep this thread somewhat narrowly on topic. Specifically to compare monthly cash benefits of "similarly situated" DAL and NWA pilots.

Numbers anyone to add to mine?

Soup

If the PBGC fails and Social Security fails and 401K's fail, what do you think the chances of the NWA pension plan actually paying a hard frozen benefit are?

I'm thinking probably about the same odds as keeping this thread on-topic!

Any NWA 1990 hires out there who could post what their frozen DB is supposed to pay at age 60? Did NWA provide you that number?

Soup

No On-Topic Posts for you!!!

As an April 87' hire, my defined benefit is supposedly 6450 a month.

Ouch (for me). Anyone closer to a 1990 hire at NWA to compare with?

Soup

If I remember correctly, percentage wise where are very few NWA guys who are '90 hires. I think that was year that got hit by furloughs and some didn't come back. So, the chance of one of them being on here is lower.