Petition - HL 187 (1)

As Rob and his wingman prepare for a meeting with the company scheduled in November, we are also assembling a story about our pension loss that we hope to get some traction with.  Some volunteers will be asked to give personal testimony as to the losses experienced.  For those asked, please respond to my email request to help this effort.  The more known our situation becomes the better chance of making some headway. 

By the way, here is a quiz.  For most of you who received a stock payout for the terminated “formula account” or terminated Non-Qualified, here is a little question.  Because a retiree cannot eat stock, most of us had to sell the payout.  What do you think the average stock price would have been from the time of distribution for a period of 5 years?  In other words, the average of each day close of DAL stock for 5 years after we received our non-qualified payout.  

 

The answer:  $10.78 per share.  That Non-Qualified money was being paid out of the formula account in the form of a monthly annuity.  If any of us did sell the one time stock payout and then re-purchased an annuity at going rates to receive a replacement monthly annuity, that average loss would vary between 80-90%.  Interesting, ehhhh!!!

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