Delta Retirement Question

[Mu2Driver]

I was looking on airlinepilotpay.com at the Delta Pilot Pay and tried to run some numbers.

The A-Plan is 2%*YOS*FAE if I understand that correctly.

So a retired Delta Pilot with $225K as FAE and 29 YOS should make $130,500 a year in retirement based on the calculation

2%*29*$225,000=$130,500

Is this correct? How is the Lumpsum that you guys recieve computed?

** I assumed $225K would be a conservative estimate for FAE for a 757 Capt who retired in early 2002.

 

[General Lee]

Your pension is based off of 60% of your best three years (not your last three). There are different ways you can receive it--and a lump sum option is included---or one that gives you a larger check each month. Most go with a lump sum and then a smaller check each month. You can qualify for retirement after 10 years of service, and full retirement is reached after 25 years. I am not really familiar with the plans---so I will leave it at that.

Bye Bye--General Lee