SO YOU THINK YOU DON’T NEED A UNION?

At Delta Air Lines our pensions were frozen NEVER TO GROW AGAIN. Many long term employees didn’t even vest any pension at all. Most Delta employees don’t know that our frozen, under-funded pensions have SOCIAL SECURITY OFF-SETS.

Social Security off-sets mean at retirement age when you get a check from Social Security, Delta takes from your pension HALF OF YOUR SOCIAL SECURITY MONEY!

At IAM represented Union carriers, THERE ARE NO SOCIAL SECURITY OFF-SETS. At Northwest, pre-bankruptcy retirements are still in effect.

IAM has also negotiated new IAM pensions for many of the carriers they represent. This National Pension Fund Plan is growing and independent from the carriers. It is protected and fully funded.

WE AT DELTA HAVE HALF OF A FROZEN PENSION AND OUR UNION REPRESENTED FRIENDS HAVE TWO PENSIONS!! WHO DO YOU THINK IS BETTER OFF?

Example:

Delta Employee

Pension...............................$1,000
Social Security....................$1,000
Total...................................$2,000

Minus Off-set....................$ (500)

Take Home........................$1,500

2nd Pension? (Guaranteed Money)............NO
401(k)? (At Risk Money)............................YES

Northwest Employee

Pension.............................$1,000
Social Security..................$1,000
Total.................................$2,000

Off-set....................NONE

Take Home.......................$2,000

2nd Pension? (Guaranteed Money).........YES
401(k)? (At Risk Money).........................YES

THINK AGAIN!