Poor Delta Pilots
The horror . . .
They lose their pension plans today.
Thank God I don't have a pension. I'd suffer like they will.
Delta estimated that after the plan is terminated, retired Delta pilots' average pension benefit will be $75,200 on an annualized basis, including the lump sum. Some retired pilots dispute that amount.
.
.
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Pilots have already taken a large financial hit during Delta's Chapter 11 case. Wage rates for active pilots have been cut almost in half under two contract agreements since 2004, and pilots are now on a 401(k)-style retirement plan going forward.
Oh the horror!
They lose their pension plans today.
Thank God I don't have a pension. I'd suffer like they will.
Delta estimated that after the plan is terminated, retired Delta pilots' average pension benefit will be $75,200 on an annualized basis, including the lump sum. Some retired pilots dispute that amount.
.
.
.
Pilots have already taken a large financial hit during Delta's Chapter 11 case. Wage rates for active pilots have been cut almost in half under two contract agreements since 2004, and pilots are now on a 401(k)-style retirement plan going forward.
Oh the horror!
posted by Ga Mongrel at 10:09 PM
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