Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

ESOP Valuation Writer
Unique ESOP Valuation Provider
Enrolled Actuary
Loren D. Stark Company logo
Loren D. Stark Company

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn

<< Previous news item   |   Next news item >>

United Pilots to Receive Shrunken Pension Checks; PBGC Covers Only So Much
MarketWatch via Human Resource Executive Online; free free registration required Link to more items from this source
June 22, 2006
Excerpt: Pilots face a double whammy: Their high salaries mean their expected pension payout is big compared to other workers (pension checks are calculated based on earnings), far exceeding the PBGC's maximum payout. On top of that, federal law requires pilots retire at age 60, but the PBGC considers that early retirement -- 65 is 'normal' -- and dings their benefits.

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020, Inc.