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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