Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: muawiyah

http://www.latimes.com/business/investing/wire/sns-ap-delta-hearing,1,7331296.story?coll=sns-ap-investing-headlines

The LA Times says about $75,000


24 posted on 09/06/2006 9:39:43 AM PDT by TUAN_JIM (Sic Semper Tyrannis)
[ Post Reply | Private Reply | To 22 | View Replies ]


To: TUAN_JIM
No, LA Times didn't say that ~ Delta said that. However, the government's tables say differently.

Maybe Delta's lawyers lied? Or, maybe the "newsie" putting together this story didn't comprehend what 39% of existing retirement liability really means when the company is talking in the sense of "if the plan is terminated".

That 39% is about $30,000, or 2/3 of the maximum table value.

Remember, that would include existing and newly retired pilots as of 2006, on average, and the article has no information at all on what the current average really is.

All Delta has to pay when the plan is terminated is enough money to support an annuity that pays pilots annuities according to the government's schedule.

25 posted on 09/06/2006 9:50:24 AM PDT by muawiyah
[ Post Reply | Private Reply | To 24 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson