SoCalActuary Posted January 24, 2008 Posted January 24, 2008 A PBGC distress termination will occur. Several older retirees have benefits exceeding the current guarantee. All have been retired for more than 5 years. Does the PBGC give them a haircut on their pension when it takes over the plan? Any recent court cases or rulings with a different result? What happened to the United Air pilots and Delta pilots who retired in the 90's?
JanetM Posted January 24, 2008 Posted January 24, 2008 The pilots got haircuts. The reductions apply to those in pay status and those who have not begun payment. Sorry, I don't know of any case cites. JanetM CPA, MBA
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