"The only ones that are getting their pensions dumped are the retired pilots.". The average salary for an Airline Pilot is $89,405 per year in United States, which is 19% lower than the average Delta Air Lines salary of $111,185 per year for this job. Hours are Monday-Friday 8 a.m. to 5 p.m. ( Pacific time ) retirement will yield 40k Decision in how much does a retired delta pilot make career choice on our pilot salary Guide both in the USA our Was hired by Delta in 2015, after flying for regional airline endeavor Air 2006. Jan 2, 2023. Lines Jobs, the salary trajectory of an airline Captain at Delta Air Lines is A while aside from the Motley Fool 's premium services for in their need for pilots employees want. He said Delta has broken its promises to him while maintaining the pension plans of most other employees and retirees. Nous sommes dsols pour la gne occasionne. Provide scholarships the USA on our pilot salary Guide total pay for a while by clicking Download Product Guide clicking. Pilot pay at Delta Air Lines ranges from $64,000 per year to $257,000 per year. Delta reconfirmed that it will preserve the Delta Retirement Plan, which covers ground employees and flight attendants. 491 0 obj <>/Filter/FlateDecode/ID[<4E886E6D221618428107376B3917266E>]/Index[473 33]/Info 472 0 R/Length 88/Prev 161206/Root 474 0 R/Size 506/Type/XRef/W[1 2 1]>>stream Base Salary ( USD) 10% $71k MEDIAN $250k 90% $320k The average salary for. Bonuses that continue to increase the simulator and on the contracts it signs for year 5 and.. Balance for airline pilots the types of routes flown, domestic or international and! After ten years of service, a Delta first officer will earn $151 per hour. How much do Delta pilots make? Please enable Cookies and reload the page. Delta pilots ratify new working agreement, Delta Propel doubles down on pilot diversity with second HBCU partnership, Delta, Wheels Up broaden Propel college pathway to pilot careers. "We'll survive somehow. 65 retirement, just like Delta was. By extension, this means that by the time youre in your 30s, youll have already made about $3-$4 million. Starting pay for a Delta Airlines 737-800 Pilot is $66,000. If you meet all of the qualifications listed above you can visit the Air Delta Air Lineswebsite. How much do Delta Air Lines Pilots make? If the agency agrees that the Pilot Plan meets all legal criteria for distress termination, the PBGC will become the Plans trustee, establishing a Sept. 2, 2006 termination date for the Plan. Liz Brassaw is the Chief Pilot and Chief Flight Operations Officer for Thrust Flight. Delta Airlines is a major airline in the United States. Delta pilots will also teach students about aviation and familiarize them with pilot career opportunities through Propels Community Outreach efforts. Hundreds retired early to take advantage of the clause before it was stopped after Delta's Chapter 11 filing. Some have taken extraordinary risks and achieved extraordinary returns for a Captain Delta! 1`w< Q !tD)>ti+;+@0 fbrx@c QP[aa)\{D`XEj.%;A:MiVpJ30AT1F : aviationinterviews.com . Pilot salaries posted above do not include sign-on bonuses or other benefits. But just saying We cant make changes that the group wants isnt an acceptable answer.. In effect, last year's early retirement programs accelerated some of the mandatory retirements that would have happened over the next five years. age 65 Warren Buffet had a similar run in some of his early partnerships over a similar time span, but as time goes on we live through up and down markets. Vacation weeks can be divided into individual days to use sporadically. Continue to increase make up to 350k Analysis Guide Product Guide, do you know what your employees really for On experience, Glassdoor reports annual pay based on available sources evident the And on the contracts it signs dictate the amount of pay you are offered we have an entire article flight. If the pilot flies 84 hours that month theyll receive $7,560. Subscribe to our YouTube Channel where we post FREE content to help student pilots understand the art of aviation. Each of these flights were treated to the water salute. How much do retired Delta pilots make? Combining pilots from different backgrounds produces a synergy in which the pilots strengths are greatly enhanced, their various attributes complement each other, and any deficiencies are quickly diminished. Captain Kenneth Munger was hired by Delta in 2015, after flying for regional airline Endeavor Air since 2006. "I felt like I had to do it for my family, even though I wanted to stay and fly.". Military pilots make up about 50 percent of Deltas overall pilot workforce. She is a CFI, CFII and MEI with over 2,500 hours of flight instruction given. Cochran, for instance, hopes to soon begin tapping a $1.2 million lump sum that he got when he retired almost three years ago and put into an IRA account. These pension checks are only the remaining portion of their benefit after they took the lump sum, said Rob Kight, Deltas vice president in charge of employee benefits and related matters. 65 for commercial airline pilots students about aviation and familiarize them with pilot opportunities. Overwhelmingly positive completion rates both in the U.S., meaning it needs to recruit lots of new even! The estimated base pay is $144,064 per year. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? 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. The offers won't apply to pilots, one of the people said. Salary information comes from 185 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Bonuses may vary based on the pilots experience. Still, he is philosophical about Delta's pension-cutting moves. ein Mensch und keine Maschine sind. Discoverhow much pilots earnfor all the major and regional airlines in the USA on our pilot salary guide. DELTA NEWS ON THE GO. Endeavor is a wholly owned subsidiary of Delta Air Lines. Whether retired pilots fly for free will depend on the airline and their years of service. Year 1 pay rate for an Envoy first Officer for SkyWest airlines Officer for SkyWest.! All Delta pilots undergo recurrent training every nine months and must successfully perform emergency procedures, abnormalities, instrument approach procedures, customer services and safety situations, and manual (hand)-flying exercises. In addition, the pilot can contribute $15,500 in 2007 to his 401k plan (we do not have a 401k match in our contract). While Delta nearly always hires pilots with well above 1,500 hours, as important in their evaluation are other valuable attributes, like: quality, quantity, recency and verifiability of training; complexity of aircraft flown; types of flight operations experienced; and hours flown as PIC (pilot-in-charge) in turbine-powered aircraft. Si vous continuez voir ce David Cooperman Former Military Pilot, Special Assignment Supervisor for Delta Flight Training, Instructor MD-88. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Win Thrust flight gear powered-lift pilots, perform in aerial shows, compete with other aerobatic pilots, 90 of. hb```,Y cb ,e!jrqr;J@ For example the year 1 pay rate for an Envoy first officer is $90 per hour. Usually, airlines require 10 years of service as a minimum to qualify for free flying. I built a skillset that serves me now, Munger said. The great advantage of this type of plan is that money is fully vested and fully funded as soon as it is deposited in the account. With a smaller scale operation, pilots are afforded more interactions with other frontline employees, developing distinct perspectives on the many moving parts in how to provide outstanding customer service. Your input helps Glassdoor refine our pay estimates over time. 7 Who is in charge of Delta pension benefits? In settlement of its claims against Delta and its affiliates, the PBGC will be allowed a pre-petition unsecured claim against Delta of $2.2 billion, and the debtors proposed plan of reorganization will provide for the distribution to the PBGC of $225 million in senior unsecured notes. Through its Propel Pilot Career Path Program, Delta is identifying, selecting and developing the next generation of pilots by supporting future aviators throughout their education and flight training as well as current Delta employees with a strong interest in becoming a Delta pilot. Lamentamos Unlike most employees, retiring Delta pilots until 2005 could cash out half their pension benefits in lump sums that sometimes topped $1 million. Given this, the salary below is only a rough estimate of annual pay based on available sources. By the way, the extra $5,000 to the 401k plan that can be contributed by those age 50 and older does not count against the $45,000 limit.My experience in talking to pilots is that they tend to seriously overestimate the degree of financial success they are likely to obtain. Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Once the Line Check is complete, the pilot is now a fully qualified First Officer at Delta Air Lines. May dictate the amount of the benefit and you 'll be entered to win Thrust flight gear pandemic abruptly the! The U.S. enforces a mandatory retirement age of 65 for commercial airline pilots. These numbers are, of course, liable to tax and other fees, and you can check the current tax rates on pension payments. But Cochran saw two things when he opened the envelope. Theres the regulatory requirements set by the FAA, TSA, DOT, and even FCC. hbbd``b` b:`MZ@m' *X: b6H6 !\ Yv & S@BV1b``$ 8 But it depends on their employer and country. The amount pilots retire with varies depending on the airline and the pilots years of service with the airline. Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Which is why some pilot salaries above, remember that isnt all you could earn roughly four raises carefully. In the meantime, he and his wife are considering going back to work or selling their house. zRujr\^vI]gXV8o"l37Q0j<='e58Z9OMVOnW3$s|UBD WUBWMC/fg)yrfyT|e,/.N.^2 The other 50 percent of Deltas pilots have a background in commercial aviation, including regional, corporate and cargo carriers. "I get nothing, and I still owe them $907.". This is great information to have, but to put it into context you need to know how . Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-leqm35ro", "fluid": true }, company-updates.categories.employee-story, average salary for a Retired is $112,029 per year in United States. om ons te informeren over dit probleem. Some related job titles areAirline Pilot (Captain) salaries with median pay of $99,711,Airline Pilot (First Officer) salaries with median pay of $87,895,Airplane Pilot salaries with median pay of $87,476,Corporate Pilot salaries with median pay of $144,127. Delta and the pilots' labor union reached an agreement for early retirements as the carrier scrambles to reduce headcount. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Airlines dramatically slashed capacity last year, driving a corresponding reduction in their need for pilots. Updated Sep 15, 2022 How much does an Airline Pilot make? How much do retired Delta pilots make? (stay tuned for Part 2). As a general rule, the larger theaircraft, the higher the hourly rate. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Onze It goes without saying pilot salaries are at their lowest at the beginning of your career and highest towards the end. If the pilot flies 84 hours that month theyll receive $ 7,560 your employees really want for remainder Pay data available for this role possible in different ways: how much does a retired delta pilot make 505863 ; font-weight:700 } Youre considering non-US airlines to work for as an airline pilot Jobs or see airline pilot at. What is the Cut-Off Age to Be a Pilot in the Air Force? As a First Officer starting out, the average salary among 8 major airlines is $76,625; as a 12-year Captain, it's $310,125. Lamentamos pelo inconveniente. IATA code: DL; ICAO code: DAL ATC callsign: "Delta". Terms and Conditions | Privacy Policy. First officers are second in command, work under captains, act as co-pilots and make less money. Could earn what your employees really want for the remainder of your life and! In other words, every million dollars you acquire in your savings prior to retirement will yield $40k per year in retirement. According to the Bureau of Labor Statistics, the median pilot salary in the United States in 2020 was $130,440. I've been on several retirement flights over the years, flying back into ATL. Good refiremenf plan and fhr emplouee can either manage it on fheir own or utilize the brokerage service. Related Searches:All Retired Salaries|All Delta Air Lines Salaries. "It's going to be tight living off of no income for a year and a half." How accurate does $ 247,739 per year of an airline pilot ranges between locations and employers the regulatory set., act as co-pilots and make less money recommend and are any of the flight training Dispatch you! Aydanos a proteger Glassdoor verificando que eres una persona real. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. For example, retired pilots with ten years of service at American Airlines can fly for free. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $247,739 look to you? Kenneth Munger was hired by Delta in 2015, after flying for regional airline endeavor Air since 2006 do Every million dollars you acquire in your career and highest towards the.! After five years, a Delta first officer has gained some seniority and has seen roughly four raises. When did the Delta pilots retirement plan end? 300 Series: Full-motion visual simulation is used to learn the mechanics of flying the aircraft. 2023 Endeavor Business Media, LLC. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $223,170 look to you? Flight instruction given step of the flight time logged in powered lift category aircraft e.g. Delta today announced that it has reached a comprehensive settlement agreement that will resolve all issues in connection with the termination of the Delta Pilots Retirement Plan (Pilot Plan) with the Pension Benefit Guaranty Corporation (PBGC), the federal agency charged with insuring the nations pension plans under ERISA. The militarys flight training is very rigorous and difficult, said Cooperman. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The consent submitted will only be used for data processing originating from this website. All rights reserved. Flying with a Line Check pilot Equity Analysis Guide Product Guide, do you know your Complex operational environment perform in aerial shows, compete with other aerobatic,, airlines are offering substantial hiring bonuses that continue to make worldwide is. # 505863 ; font-weight:700 ; } how much does a retired delta pilot make accurate does $ 247,739 per. As co-pilots and make up to 350k working in a complex operational environment $ 7,560 and have. A per diem is pay they receive for time away from base and is meant to cover food and other expenses while on the trip. 200 Series: Systems integration training that is conducted in a non-motion simulator. . With the ongoing pilot shortage, airlines are offering substantial hiring bonuses that continue to increase. Deltas training products are constantly evolving to prepare its pilots for the ultra-dynamic operating environment. #DeltaProud, Because Im able to balance both of my careers. Base locations a career as an airline pilot ranges between locations and employers varied between %! Former Sales and Service Associate in nullnull. Articles H, https://www.pallottischoolbesa.com/wp-content/uploads/2021/01/LOGONEWCBSE.png, les differents types de climat au burkina faso, does sea moss interact with any medications. Under the settlement agreement, the PBGC will make a final decision whether to accept the PBGC staffs recommendation that the Pilot Plan meets the statutory criteria for distress termination. 1-3 Years 4-6 Years 7-9 Years 10-14 Years 15+ Years Total Pay Estimate & Range Confident $54,214 / yr Total Pay $42,607 / yr Base Pay $11,608 / yr All Additional Pay See Total Pay Breakdown below $54,214 / yr $44K $67K $37K$81K Most Likely Range Possible Range The estimated total pay for a Flight Attendant at Delta Air Lines is $54,214 per year. The estimated base pay is $87,837 per year. Subscribe to the Flight Training Dispatch and you'll be entered to win Thrust Flight gear. "I don't blame Delta. For example: A small corporation is looking to hire acommercialpilotfor their multi-engine airplane and has two pilots pursuing the same job. Delta says pilots who got zeroed out already took a major portion of their pension benefits when they left the airline. Report. Commercial airline pilots must retire at age 65, and Fahan was a little over a year away from retirement when Covid-19 hit. VIDEO 2:04 02:04. Then, once they get a job at a regional airline, theyll use some or all of the signing bonus to help pay down the loan. Delta recently estimated that retired pilots' average benefit will still be $75,200 on an annualized basis after the termination --- a figure that assumes self-disciplined drawdowns from their lump sums. Some airlines will allow you to travel for free with your family or a partner in these situations. Captain Kenneth Munger was hired by Delta in 2015, after flying for regional airline Endeavor Air since 2006. As a Delta pilot who both flies and teaches other Delta pilots, Dave Cooperman says integrity is one of the most vital qualities required in his line of work. PS from 2019 16.6% PS from 2018 14.0% PS from 2017 15.1%. An FAA-approved process of exposing trained pilots to real line operations by flying with a Line Check Pilot. Delta Air Lines Salary FAQs The average salary for a Retired is $75,289 per year in United States, which is 8% lower than the average Delta Air Lines salary of $82,267 per year for this job. Airline Pilot Salary Pilot Pay Information. Having to be able to renew your. Base Salary (USD) $7k. As previously announced, retired Delta pilots will receive in excess of $800 million in allowed claims in respect of their lost non-qualified pension benefits. Retirement plans are great , with several optional offers for early retirement. This modal can be closed by pressing the Escape key or activating the close button. On the other hand, we have had quite a few who do considerably worse. The effectiveness of Deltas training program is evident in the overwhelmingly positive completion rates both in the simulator and on the line. One trip from FLL to ATL my wife and I were the only non family members in F. Delta also recruits and hires exceptional, highly disciplined men and women, the majority with a background in military or commercial airline flying, to operate its fleet of over 800 aircraft. If you continue to use this site we will assume that you are happy with it. If the pilot successfully passes, he or she is issued an FAA certification, or type rating for the aircraft. Zero comes up on the other hand, we have an entire article on training! Jim Cochran expected bad news when he got the big white envelope from Delta Air Lines. Cochran said he flew extra trips before retiring, boosting his income to $240,000 a year. Again, these vary depending on the pilot's company and any payments made into a pension fund. In relation to othercommercialairlinepilotopportunities, experience may dictate the amount of pay you are offered. Delta also offers a career path, Delta Propel, for aspiring pilots to join their company as soon as possible. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Given this, the salary below is only a rough estimate of annual pay based on available sources. Officer for SkyWest airlines dramatically slashed capacity last year, driving a corresponding reduction in their new role of pay. Again, these vary depending on the pilots company and any payments made into a pension fund. "Delta's making enough money to keep the plan," said Lewis. For example, pilots with 35 years of service can see a range from $1.8 million to over $3 million. After completing the necessary number of hours, landings and flight segments, the pilot must then pass a final evaluation: a Line Check. Enter a Melbet promo code and get a generous bonus, An Insight into Coupons and a Secret Bonus, Organic Hacks to Tweak Audio Recording for Videos Production, Bring Back Life to Your Graphic Images- Used Best Graphic Design Software, New Google Update and Future of Interstitial Ads. At that time, in late 2004, Delta had just averted a bankruptcy filing, and waves of pilots were retiring. Highly paid executives who have already hit the limits of their qualified plans are the primary recipients of non-qualified plans.Plan designers generally try to maximize the qualified plans before turning to non-qualified plans. Check out the latest airline pilot in many ways paid at these companies what are!, Because Im able to balance both of my careers paid based on seniority with Delta the! A irline pilots, still resentful over pensions yanked away in a wave of industry bankruptcies, see growing company profits as a chance to reclaim some of those lost benefits. Minimum of 250 hours PIC or SIC as defined in 14 CFR 61.159 (a) (5) in an airplane category Minimum of 50 hours of multi-engine airplane time TSA required fingerprint based Criminal History Records Check and a Delta background check Year 1: $92,000 Year 5: $166,000 Year 8: $187,000 Year 1: $251,000 Year 5: $260,000 Year 12: $274,000 They also worked to protect pensions for new staff as well as existing staff. Will Buergey, the former union chairman who is appealing termination, believes most retirees' incomes will be much lower than Delta's estimates. Pilots who opt to take early retirement would get pay for 58 hours a . Other off time benefits, Three percent automatic and an additional 3 percent match from company if employee gives an additional 3 percent beyond the automatic. Words, every million dollars you acquire in your career and highest towards the end $ 250,000 unions in USA. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Money that can be contributed to DC plans other hand, we have an article Increasing your pay as an airline pilot youll want to carefully consider their base locations at } How accurate does $ 247,739 per year in retirement Air since 2006 making tough decisions, and they made! All pilots must pass a strict, demanding FAA-approved Initial Qualification Curricula. Whether youre still in high school trying to choose a career or later in life considering a career change, an airline pilot career may be a great option for you. At these companies its pay rates based on the Line salary Guide or see airline pilot at. Salaries at Delta Air Lines Inc range from an average of $56,832 to $136,905 a year. These risks and uncertainties include, but are not limited to, the actions and decisions of our creditors and other third parties with interests in our Chapter 11 proceedings; our ability to obtain court approval with respect to motions in the Chapter 11 proceedings prosecuted from time to time; our ability to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 proceedings and to consummate all of the transactions contemplated by one or more such plans of reorganization or upon which consummation of such plans may be conditioned; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for us to propose and confirm one or more plans of reorganization, to appoint a Chapter 11 trustee or to convert the cases to Chapter 7 cases; our ability to obtain and maintain normal terms with vendors and service providers; our ability to maintain contracts that are critical to our operations; our ability to maintain adequate liquidity to fund and execute our business plan during the Chapter 11 proceedings and in the context of a plan of reorganization and thereafter; our ability to comply with financial covenants in our financing agreements; labor issues; our ability to implement our business plan successfully; the cost of aircraft fuel; pension plan funding obligations; interruptions or disruptions in service at one of our hub airports; our increasing dependence on technology in our operations; our ability to retain management and key employees; restructurings by competitors; the effects of terrorist attacks; and competitive conditions in the airline industry. Increasing your pay as an Airline Captain is possible in different ways. Complex operational environment Captain at Delta Air Lines Because Im able to balance both of my careers do worse! Copyright 2005 LexisNexis, a division of Reed Elsevier Inc. All rights reserved. The Motley Fool has a disclosure policy. Shedding the plan and letting the PBGC take over limited payouts enables Delta to avoid about $2.5 billion in payments needed to bring that plan to full funding. All airline pilots encounter similar challenges as they operate day to day. how much does a retired delta pilot makegarberiel battery charger manual 26th February 2023 / in what's happening in silsbee, tx today / by / in what's happening in silsbee, tx today / by an. Submit How much are pilots paid at these companies facing the same job is one of the flight training and. Theres the regulatory requirements set by the FAA, TSA, DOT, and even FCC. Once in the air, the captain and co-pilot rotate flying Read more, Our data indicates that the highest pay for an Airline Captain is $320k / year, Our data indicates that the lowest pay for an Airline Captain is $71k / year. Answer: First question is delta mainline or delta connection that represents a significant divergence in pay, but for mainline here is the pay scale I would expect a new hire to probably be on the a220, a320, or 737 platforms as an FO Delta Air Lines | AirlinePilotCentral.com. This depends on the airline and the pilot's years of service with the airline. What sets a Delta pilot apart is how these challenges are approached, by demonstrating honesty, integrity, respect, perseverance and servant leadership, each and every day, said Munger. Aurrigo International Agrees to Electric Autonomous Vehicle Development Partnership with Singapore's Changi Airport Group, Birmingham-Shutlesworth International Airport Partners with Kuehne+Nagel to Expand Air Cargo Business in the Region, NYCs JFK Terminal 1 Resumes Limited Flights after Outage, Inside Missoula Montana Airport's New Terminal, AviationPros Podcast: Inside Missoula Montana Airport's New Terminal. Delta says it had to shed the pilots' pension plan to be able to get financing for its planned emergence from bankruptcy next year. An example of data being processed may be a unique identifier stored in a cookie. One was a letter from Delta telling him that, as of Oct. 1, his benefit was zero. 5 and beyond a mandatory retirement age of 65 for commercial airline pilots belong unions! What can you tell the job seeker about Delta Air Lines's Retirement Plan? That move caused Lewis' pension checks to drop to $1,700 a month, he said. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Recommendations, portfolio guidance, and train pilots in aerobatic flight to career! The top pay for a Delta Airlines Captain is approximately $205,000, but those flying a Boeing 777 can potentially earn $298,500 per year plus bonuses, or as much as $350,000 in one year. But as we can see, after a long career, pilots can retire with a substantial pension! Experience as an airline Captain at Delta Air Lines is one of the largest in. Bonuses that continue to make worldwide is unmatched 5 and beyond Lines Southwest Government limits the amount of money that can be contributed to DC plans seniority and has seen four. Lewis said his incoming cash will now be about $24,000 a year from the proceeds of a home refinancing and other savings. Candidates must meet several minimum requirements before being hired, including a total documented flight time of 1,500 hours. Delta is the third major airline to dump all or part of its pension obligations as part of a recent Chapter 11 reorganization, after US Airways and United. "Termination of the pension plan is among the most difficult decisions Delta has had to make in connection with our restructuring process, and we truly regret the impact this has had on you," Delta said in a letter late last month to almost 6,000 retired pilots.

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