Know What to Expect from Delta's Pension
For some people, a pension from Delta or a previous employer can be another source of retirement income. If you were hired before 2005,* you may have a Delta pension plan that will provide some income in retirement. After that date, Delta enhanced the company’s 401(k) contribution to be the primary retirement plan.
Understanding the details of your pension—such as the different ways to claim your pension—is an important part of your retirement planning process.
Ready, Set, Retire Pension Chapter
Learn about Delta’s pension plans in the video, or the summary below.
Delta's Ground and Flight Attendant Pension Plans
| Hire Date | Reduced Benefit Available | Full Benefit Available for Retirees | Monthly Annuity Payment Option? | Lump Sum Available on Full Amount? | Partial Lump Sum Available? | Mandatory Distribution Rules Apply to Actively Employed? | |
|---|---|---|---|---|---|---|---|
| Delta Retirement Plan | On or before July 1, 2004 | Age 52 | Age 62 or later | Yes | No | Yes | Yes |
| Northwest Airlines Contract Plan | On or before Sept. 30, 2005 | Age 55 | Age 62 or later | Yes | No | No | Yes |
| Northwest Airlines Salaried Plan | On or before Aug. 31, 2005 | Age 55 | Age 62/65 or later | Yes | Yes | No | Yes |
Plan How Your Pension Will Fit Into Your Retirement Plan
Here are a few helpful resources so you can incorporate your pension into your retirement plan:
Click the linked text then select the Benefits Direct button, hover over “Pension” in the left menu, and select “Pension Estimate”.
* Eligibility dates for Delta pension plans: Delta Retirement Plan: hired on or before July 1, 2004; PMNW Contract plan: hired on or before September 30, 2005; PMNW Salaried Plan: hired on or before August 31, 2005; PMNW Pilot Plan: hired on or before January 30, 2005.