Remaining financial items for retirees to watch:
After
Aug 2007 these are retirement items remaining with financial
consequence.
1.
PBGC 2nd look re-calc at qualified annuity benefits — completed 8/24/07
2.
PBGC make up lump payment for underpayments since termination: most reported received 1/31/08
3. Final claim distribution
by DAL through BSI – distributed at or around
Mar 23, 2011.
4.
Class Action suit against DAL concerning 5 yr look-back worth in excess
of $100 million — withdrawn
5. Appeal of Final Benefit
Determination Letters (BDL’s) PBGC re-calc “determination” of qualified annuity
(likely after claim stock sale) – in process until end of year (only 45 days to appeal) Appeal extensions generally granted in Nov 2010 now extended by our
law firm for all to: revised to Feb 18, 2011 Now Mar 18, 2011, April
29, 2011, July 29, 2011, Aug 29, 2011, Filed with PBGC on Oct 28, 2011 Ruling rendered on appeal Sept 27, 2013!!
6.
Pension reinstatement/contribution request by DP3 representing the
retired pilots. Very long shot….pending
8. Expiration of HCTC 80%
premium subsidy will expire on December 31, 2010. Action has continued 80% for Jan & Feb. Action expired and subsidy effective April 1, 2011 payment,
the HCTC is at 72.5%.) Expiration of whole HCTC program scheduled for January 1, 2014.
9.
Financial
condition of the D&S Plan—a plan that pays benefits to eligible survivors
of deceased pilots as well as to disabled pilots. A form 5500 for the D&S
Plan is filed annually.
10. Formation of a VEBA
Health Insurance plan by DP3 – VEBA has been created and in effect.
11. Rob Moser’s petition led effort to address the
terminated non-qualified benefits (terminated along with the defined benefit
plan) with an inadequate stock payout solution. Began in Spring of 2013 and have meeting with company scheduled in Fall of 2013.
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