*MINIMUM BALANCES* New Polling Needed
01-02-2020, 03:43 PM
#271
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
It's not that I don't want to tell you (I have mentioned how much it is at 65 on this or some other thread here) but I think what it is at 65 is irrelevant to the discussion. Having read ERflyers comments here and on other forums, I'm not inclined to give him any information. Based on his previous posting history I'm pretty sure I know what side of the pendulum he swings to.
Denny
01-02-2020, 04:04 PM
#272
Gets Weekends Off
Joined APC: May 2012
Posts: 1,418
All I can tell you is the truth - which it seems some people can’t handle.
Date of hire: PBGC age 65
1986. More than $7,200
1987. $7,200
1989. $6,500
1991. Don’t know.
1997-2001 Not much PBGC $
$300-$1,000 maybe
Yes, there are actuarial, earnings, and other variables. Big furloughs began for those hired in 1991. Years 2000-2001 were furloughed too.
Date of hire: PBGC age 65
1986. More than $7,200
1987. $7,200
1989. $6,500
1991. Don’t know.
1997-2001 Not much PBGC $
$300-$1,000 maybe
Yes, there are actuarial, earnings, and other variables. Big furloughs began for those hired in 1991. Years 2000-2001 were furloughed too.
01-02-2020, 04:15 PM
#273
Gets Weekends Off
Joined APC: Apr 2016
Position: Looking left
Posts: 3,390
01-02-2020, 04:16 PM
#274
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
All I can tell you is the truth - which it seems some people can’t handle.
Date of hire: PBGC age 65
1986. More than $7,200
1987. $7,200
1989. $6,500
1991. Don’t know.
1997-2001 Not much PBGC $
$300-$1,000 maybe
Yes, there are actuarial, earnings, and other variables. Big furloughs began for those hired in 1991. Years 2000-2001 were furloughed too.
Date of hire: PBGC age 65
1986. More than $7,200
1987. $7,200
1989. $6,500
1991. Don’t know.
1997-2001 Not much PBGC $
$300-$1,000 maybe
Yes, there are actuarial, earnings, and other variables. Big furloughs began for those hired in 1991. Years 2000-2001 were furloughed too.
Ones PBGC Payment is based on the PBGC maximum payout the year the DB was terminated and, for PC-4 pilots, when one chooses to begin taking it. (I don’t think it mattered when one started taking it if they were PC-3). Subsequently PC-5 benefits were awarded adding some to that amount.
Denny
01-02-2020, 04:18 PM
#275
Gets Weekends Off
Joined APC: Nov 2018
Posts: 314
You are gonna have to prove that one to me. Just looking at the returns on the attached website, I'd say the bull market from 1991-1999 beats the current one to heck........especially when the DJIA actually lost over 5.5% in 2018, 2.23% in 2015 and over 33% in 2008. The only reason I bring up the 2008 figure is that it was right after BK exit. Talk about a double whammy for DZers.....
https://www.macrotrends.net/1319/dow...storical-chart
Denny
https://www.macrotrends.net/1319/dow...storical-chart
Denny
The current bull market that started in March 2009 is the longest bull market in history. It's topped the bull market of the 1990s that lasted 113 months. However, the current bull market, which has seen the S&P 500 rise 330% in its 10+ years, is still second to the 90s bull run, which returned 417%.
01-02-2020, 04:20 PM
#276
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
I stand corrected, while this bull market is the longest...it is the second greatest bull market in history:
The current bull market that started in March 2009 is the longest bull market in history. It's topped the bull market of the 1990s that lasted 113 months. However, the current bull market, which has seen the S&P 500 rise 330% in its 10+ years, is still second to the 90s bull run, which returned 417%.
The current bull market that started in March 2009 is the longest bull market in history. It's topped the bull market of the 1990s that lasted 113 months. However, the current bull market, which has seen the S&P 500 rise 330% in its 10+ years, is still second to the 90s bull run, which returned 417%.
Denny
01-02-2020, 05:05 PM
#277
Gets Weekends Off
Joined APC: Apr 2018
Posts: 3,246
All I can tell you is the truth - which it seems some people can’t handle.
Date of hire: PBGC age 65
1986. More than $7,200
1987. $7,200
1989. $6,500
1991. Don’t know.
1997-2001 Not much PBGC $
$300-$1,000 maybe
Yes, there are actuarial, earnings, and other variables. Big furloughs began for those hired in 1991. Years 2000-2001 were furloughed too.
Date of hire: PBGC age 65
1986. More than $7,200
1987. $7,200
1989. $6,500
1991. Don’t know.
1997-2001 Not much PBGC $
$300-$1,000 maybe
Yes, there are actuarial, earnings, and other variables. Big furloughs began for those hired in 1991. Years 2000-2001 were furloughed too.
It's hard to relate and get a sense of the problem without seeing what the average DZ pilot will have for monthly income retiring at 65 with their PBGC plus 4% withdrawal from retirement accounts plus any other company provided retirement monies.
01-02-2020, 05:15 PM
#278
Gets Weekends Off
Joined APC: Jul 2008
Posts: 5,028
01-02-2020, 05:51 PM
#279
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
01-02-2020, 06:24 PM
#280
Gets Weekends Off
Joined APC: Feb 2007
Posts: 1,057
Also, for the newer guys that don’t know, all DL and NW pilots got several thousand shares of DL stock after the merger. Depending on how many shares you got, it could be worth a couple hundred grand now. If you retire at 65 and plan on having a 20 year retirement, that’s >10k a year. It’s not gonna sustain you solely, but it’s not nothing.
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