Insurance - HL 347 (2)

Why is a PBGC and Delta Trust question under Insurance? Well, the PBGC is actually a single life annuity paid out to pilots for their natural life then it stops.  However, the D&S Trust (if still viable) pays out approx 35% of FAE to our surviving spouses, if they qualify, and though its a trust, it really functions as an insurance policy for our pilots and their families.  

From: Joel Payne
Sent: Friday, February 24, 2023 5:32 PM
To: mark sztanyo
Subject: Survivor benefits

Mark;

Apologies, but couldn't find a link to the "pilot Communications Network- PCN" on my search engine. Had a phone call from a fellow DAL pilot, concerning Survivor Benefits. He was under the impression That once a pilot passes away, being covered by the PBGC, after bankruptcy,  his spouse is entitled to ZERO BENEFITS. I, on the other hand, thought we would revert to the "pre- bankruptcy" rules, where in the surviving spouse would be eligible for 50% of the deceased pilots retirement pay. At least my spouse has always said I'm [retired pilot] worth MORE, in the horizontal position, than the vertical one.

If you know of a "PCN", or "DeltaNet" link that explains this, I would be grateful if you sent it to me, so I can forward it to him. Thanks for your time- Joel Payne B-767A [ret.].

Joel,

You are correct on this one,  $0 from the PBGC as it is a single life annuity and stops after the death of the recipient, but to the survivor,  it is about 35% of FAE paid from the D&S trust.   Here is the link to share with him and tell him and his wife to join the PCN and for $0 cost our volunteer effort will keep him informed.

https://pcn.homestead.com/DLSurv.html

Mark Sztanyo

PCN Dir

Mark.pcndir@gmail.com

 

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Under this insurance section, I am, in this issue re-printing a few helps for pilot survivors and families since we are unfortunately losing so many of our pilot colleagues.  Here at the PCN we have a website with s DL Survivor Page which links to many many helpful sites and info. 

 

1.   PCN Delta Suvivor Page of INFO and Links: http://pcn.homestead.com/DLSurv.html

 

2.   Delta produced Death Checklist for Survivors:

 

http://pcn.homestead.com/files/Misc_Files/2022_Delta_Retiree-Death-Checklist-and-Survivor-Benefits.pdf

 

3.   ALPA (DAL MEC) produced ‘worksheet’ that can be filled out and stored for Survivors and Families.  This worksheet is located with the ALPA Ret & Insur Handbook in the last section:  http://pcn.homestead.com/files/Misc_Files/2022_ALPA_Ret-Insur-handbook.pdf

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