I thought a mainline pension was worth about 3 to 4 million-at least. I don't think any retired guys were given anything like that out of bankruptcy.
Retired Delta pilots had the option of receiving 50% of their pension as a lump sum the day they retired and the rest paid out as an annuity for the rest of their lives. 81% of the remaining retirement obligations of the retired pilots is still funded by the Delta Pilot Retirement Trust, the remaining 19% will be covered by the $2.2B PBGC claim once the valuation of that claim is complete.