Labor & Economic News Blog


Monday, October 09, 2006

Pension loss jolts some ex-Delta pilots

Pension loss jolts some ex-Delta pilots
Jim Cochran expected bad news when he got the big white envelope from Delta Air Lines. What he found inside was worse. The retired Boeing 767 captain said he expected his $2,460-a-month pension to shrink by about 70 percent after Delta last summer won bankruptcy court approval to terminate its pilot pension plan. His benefit had already dropped by more than $3,000 when Delta cut part of the program after flying into Chapter 11 a little more than a year ago.

 



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