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Sunday, April 21, 2013

Pension - HL 166 (1)


From: top gun

Date: 4/13/2013 8:19:10 PM


Subject: Delta Pilot Retiree's Pension

Mark,

 The discussion with the company on 'making good' the pensions, which were cut short by the bankruptcy and the handover of the terminated pilot pension fund to the PBGC, should be directed at a lump sum settlement.  It seems this would be a more favorable solution to the company as an immediate accounting writeoff, favorable for tax considerations, and a simple method to make mends with those pilot who were directly affected by those earlier actions. The issue would then be over in a reasonably favorable manner, and that one major blemish against an otherwise great company would be erased.

Tom Carey, Capt. ret.

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