Any "Latest & Greatest" about Delta?
10-10-2011, 04:57 PM
At home on the maddog!
Joined APC: Mar 2009
Position: ATL MD-88A
Posts: 2,874
Yeah, that's just what I want...my survivors dependent on the financial health of Delta to pay their benefit...
I mean, what could go wrong? The pension was so overfunded that it didn't require any contributions since 1991 (until it was grossly underfunded). It was self-funding, just like the D&S!
Question: what happens to the funded status of the D&S Trust when all the current retirees die off and their survivors begin to draw the benefit?
I've seen how a Delta promise to pay works out, so I'd prefer to keep the $542K of insurance. My survivors don't pay tax on that money and it is completely independent of Delta. The pension termination and 1114 of the retiree medical benefits taught me to pass on Delta's promises that aren't funded in my name and portable.
So I'll pass on your option, thanks.
I mean, what could go wrong? The pension was so overfunded that it didn't require any contributions since 1991 (until it was grossly underfunded). It was self-funding, just like the D&S!
Question: what happens to the funded status of the D&S Trust when all the current retirees die off and their survivors begin to draw the benefit?
I've seen how a Delta promise to pay works out, so I'd prefer to keep the $542K of insurance. My survivors don't pay tax on that money and it is completely independent of Delta. The pension termination and 1114 of the retiree medical benefits taught me to pass on Delta's promises that aren't funded in my name and portable.
So I'll pass on your option, thanks.
10-10-2011, 05:08 PM
Gets Weekends Off
Joined APC: Jan 2009
Posts: 117
10-10-2011, 05:12 PM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
Also, I am not sure that the time frame for compliance in the production balance is public, but as I understand it, the length that it is allows for a range, and then when it deviates outside of this range (a few bias points on either side of 50-50) the corrective window is large enough to take in to account normal seasonal adjustments.
10-10-2011, 05:44 PM
Everyday is a weekend!
Joined APC: Jul 2008
Position: Seasonal Help
Posts: 317
Yeah, that's just what I want...my survivors dependent on the financial health of Delta to pay their benefit...
I mean, what could go wrong? The pension was so overfunded that it didn't require any contributions since 1991 (until it was grossly underfunded). It was self-funding, just like the D&S!
Question: what happens to the funded status of the D&S Trust when all the current retirees die off and their survivors begin to draw the benefit?
I've seen how a Delta promise to pay works out, so I'd prefer to keep the $542K of insurance. My survivors don't pay tax on that money and it is completely independent of Delta. The pension termination and 1114 of the retiree medical benefits taught me to pass on Delta's promises that aren't funded in my name and portable.
So I'll pass on your option, thanks.
I mean, what could go wrong? The pension was so overfunded that it didn't require any contributions since 1991 (until it was grossly underfunded). It was self-funding, just like the D&S!
Question: what happens to the funded status of the D&S Trust when all the current retirees die off and their survivors begin to draw the benefit?
I've seen how a Delta promise to pay works out, so I'd prefer to keep the $542K of insurance. My survivors don't pay tax on that money and it is completely independent of Delta. The pension termination and 1114 of the retiree medical benefits taught me to pass on Delta's promises that aren't funded in my name and portable.
So I'll pass on your option, thanks.
I have a problem with making changes to our benefits that affect retirees when they have no recourse and are dependent on the active pilot group to negotiate benefits. We will ALL be in that retired group at some point.
10-10-2011, 06:11 PM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
While I can see your point very well, what benefit is the insurance to a retiree after it goes to $50k? I would like that option a lot if the value of the insurance 10 years after retirement was more significant.
I have a problem with making changes to our benefits that affect retirees when they have no recourse and are dependent on the active pilot group to negotiate benefits. We will ALL be in that retired group at some point.
I have a problem with making changes to our benefits that affect retirees when they have no recourse and are dependent on the active pilot group to negotiate benefits. We will ALL be in that retired group at some point.
Most people's gripe about trailers these days is that they blow too much info about a film's plot. But not Sarah Deming. This Michigan resident is suing the distributor of the critically acclaimed Ryan Gosling thriller Drive – as well as the cinema where she saw it – claiming it was publicised as a Fast and Furious style action piece but turned out to be nothing of the sort.
In her suit, which was filed at the sixth judicial circuit court in Oakland, Michigan, Deming says the Nicolas Winding Refn film "bore very little similarity to a chase, or race action film ... having very little driving in the motion picture".
The plaintiff goes on to attack Drive for what she perceives as antisemitic leanings. The film "substantially contained extreme, gratuitous, dehumanising racism directed at members of the Jewish faith, and thereby promoted criminal violence against members of the Jewish faith", her suit reads.
Deming hopes to turn her appeal into a class action suit, which would allow cinemagoers across the US to sue on similar grounds if they found themselves watching films on the basis of a misleading trailer. Both the Emagine cinema in Novi, Michigan, and distributor FilmDistrict are expected to vigorously contest. Emagine has already pointed out that it would have been happy to refund the cost of the ticket bought by Ms Deming, which is the suit's only demand.
Drive, about a Hollywood stunt performer who moonlights as a getaway driver, has been warmly received by most critics. The winner of the best director award at Cannes currently holds a 93% "fresh" rating on the reviews website rottentomatoes.com.
In her suit, which was filed at the sixth judicial circuit court in Oakland, Michigan, Deming says the Nicolas Winding Refn film "bore very little similarity to a chase, or race action film ... having very little driving in the motion picture".
The plaintiff goes on to attack Drive for what she perceives as antisemitic leanings. The film "substantially contained extreme, gratuitous, dehumanising racism directed at members of the Jewish faith, and thereby promoted criminal violence against members of the Jewish faith", her suit reads.
Deming hopes to turn her appeal into a class action suit, which would allow cinemagoers across the US to sue on similar grounds if they found themselves watching films on the basis of a misleading trailer. Both the Emagine cinema in Novi, Michigan, and distributor FilmDistrict are expected to vigorously contest. Emagine has already pointed out that it would have been happy to refund the cost of the ticket bought by Ms Deming, which is the suit's only demand.
Drive, about a Hollywood stunt performer who moonlights as a getaway driver, has been warmly received by most critics. The winner of the best director award at Cannes currently holds a 93% "fresh" rating on the reviews website rottentomatoes.com.
10-10-2011, 06:23 PM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,539
The change from a DB plan to a DC plan has some advantages for our survivors. Under our old pension we had to buy the survivor annuity if you wanted 50% of your non-lump pension benefit to continue to be paid, and it was very expensive insurance. The pension survivor benefit plus the D&S survivor benefit essentially kept your survivors in the same income stream. If you died without the pension survivor benefit, only the D&S benefit was paid, essentially cutting the income stream in half. When the pension failed, there were survivors that lost just like retirees. That's similar to the risk of an annuity funded through the D&S that isn't in your name, and it would have even fewer ERISA protections.
Under a DC plan, whatever money you have survives you. Those that have a PBGC benefit (again expensive) can purchase the survivor option should they want to protect 50% of your survivor's PBGC annuity stream.
10-10-2011, 06:25 PM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,539
10-10-2011, 06:35 PM
No longer cares
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Position: 767er Captain
Posts: 12,109
10-10-2011, 06:37 PM
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Yeah, that's just what I want...my survivors dependent on the financial health of Delta to pay their benefit...
I mean, what could go wrong? The pension was so overfunded that it didn't require any contributions since 1991 (until it was grossly underfunded). It was self-funding, just like the D&S! And how did that grossly underfunding happen? A combination of factors not the least of which was 1000's of guys taking their 50% lump sum plus the stock market tank plus the low GATT(?) rate that made lumps even larger plus the fact that Delta did NOT fund it when it went below the funding level. I don't see a "run on the bank" so to speak for D&S plan. How can there be? Do you?
Question: what happens to the funded status of the D&S Trust when all the current retirees die off and their survivors begin to draw the benefit? Is/was this not one of the purposes of the D&S plan in the first place? What is the purpose now of having a billion dollars in a D&S plan that essentially leaves out the "S" part.
I've seen how a Delta promise to pay works out, so I'd prefer to keep the $542K of insurance. My survivors don't pay tax on that money and it is completely independent of Delta. The pension termination and 1114 of the retiree medical benefits taught me to pass on Delta's promises that aren't funded in my name and portable. Your survivors don't pay taxes on $542K if, and it's a big IF, you die while active. After you retire it's a different story. I'm not adverse to the insurance part but the retiree "benefit" needs to be greatly enhanced.
So I'll pass on your option, thanks.
I mean, what could go wrong? The pension was so overfunded that it didn't require any contributions since 1991 (until it was grossly underfunded). It was self-funding, just like the D&S!
And how did that grossly underfunding happen? A combination of factors not the least of which was 1000's of guys taking their 50% lump sum plus the stock market tank plus the low GATT(?) rate that made lumps even larger plus the fact that Delta did NOT fund it when it went below the funding level. I don't see a "run on the bank" so to speak for D&S plan. How can there be? Do you?Question: what happens to the funded status of the D&S Trust when all the current retirees die off and their survivors begin to draw the benefit?
Is/was this not one of the purposes of the D&S plan in the first place? What is the purpose now of having a billion dollars in a D&S plan that essentially leaves out the "S" part.I've seen how a Delta promise to pay works out, so I'd prefer to keep the $542K of insurance. My survivors don't pay tax on that money and it is completely independent of Delta. The pension termination and 1114 of the retiree medical benefits taught me to pass on Delta's promises that aren't funded in my name and portable. Your survivors don't pay taxes on $542K if, and it's a big IF, you die while active. After you retire it's a different story. I'm not adverse to the insurance part but the retiree "benefit" needs to be greatly enhanced.
So I'll pass on your option, thanks.
All of the above happened in bankruptcy court. Do you expect that to happen again? What is the money in the D&S plan for if not for disability AND survivorship. What is all that money really doing for us now (beyond the disability part)?
I should also add it's funding the first 60 million dollars of our sick leave too!
Denny
Last edited by Denny Crane; 10-10-2011 at 06:54 PM. Reason: added text
10-10-2011, 06:41 PM
Back on TDY
Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
Yeah, that's just what I want...my survivors dependent on the financial health of Delta to pay their benefit...
I mean, what could go wrong? The pension was so overfunded that it didn't require any contributions since 1991 (until it was grossly underfunded). It was self-funding, just like the D&S!
Question: what happens to the funded status of the D&S Trust when all the current retirees die off and their survivors begin to draw the benefit?
I've seen how a Delta promise to pay works out, so I'd prefer to keep the $542K of insurance. My survivors don't pay tax on that money and it is completely independent of Delta. The pension termination and 1114 of the retiree medical benefits taught me to pass on Delta's promises that aren't funded in my name and portable.
So I'll pass on your option, thanks.
I mean, what could go wrong? The pension was so overfunded that it didn't require any contributions since 1991 (until it was grossly underfunded). It was self-funding, just like the D&S!
Question: what happens to the funded status of the D&S Trust when all the current retirees die off and their survivors begin to draw the benefit?
I've seen how a Delta promise to pay works out, so I'd prefer to keep the $542K of insurance. My survivors don't pay tax on that money and it is completely independent of Delta. The pension termination and 1114 of the retiree medical benefits taught me to pass on Delta's promises that aren't funded in my name and portable.
So I'll pass on your option, thanks.
Alright...who the hell is hacking into slowplay's account?
Carl
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