Labor & Economic News Blog

Monday, August 20, 2007

Delta pilots get pension boost

Delta pilots get pension boost
The news has been getting better for Delta Air Lines' retired and active pilots. A pension agency told the Atlanta carriers' current and former pilots Monday that, starting in November, about 3,300 will be getting somewhat bigger monthly pension checks than previously estimated. The Pension Benefit Guaranty Corp., a quasi-government agency that insures workers' traditional pensions up to certain limits, said it expects to cover a greater share of the pilots' pension benefits because it also received more valuable stock and other assets than expected as part of Delta's bankruptcy reorganization. The agency pays pensions above its guaranteed limits when it recovers enough assets to do so.

 



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