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| Information for Participants in the Delta Retirement Plans |
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| UPDATED: September 26, 2005 | |||||||||||
| Fiduciary Counselors Inc. was appointed as an independent fiduciary to represent the interests of participants and beneficiaries in the Delta Retirement Plan and the Delta Pilots Retirement Plan to enforce Delta's obligations to make legally required contributions to the Plans. For the Pilots Plan, we are also responsible for determining whether and when lump sums can be paid from the plan. The Delta Employee Service Center is continuing to handle other aspects of the plan administration. | |||||||||||
| We will try to keep plan participants informed through this web site. Here is the information we have at this time: | |||||||||||
| Pension Plan Contributions | |||||||||||
| Delta has made all contributions
to date. The next payments are due October 15, 2005. When Delta
filed for bankruptcy, it did not seek permission from the bankruptcy
court to make contributions to the Retirement Plans. We do not anticipate
that Delta will make those contributions when due. |
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If the Delta Retirement Plans are Terminated |
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If the defined benefit pension plans are terminated, some or all of your benefits are guaranteed by a federal agency, the Pension Benefit Guaranty Corporation (PBGC). You can find a list of frequently asked questions about PBGC here. |
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| For more information on Delta's Restructuring, please click here. | |||||||||||
