Delta Airlines 2007 Annual Report Download - page 116

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Table of Contents
Index to Financial Statements
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following table summarizes, as of December 31, 2007, the benefit payments that are scheduled to be paid in the following years ending
December 31:
(in millions)
Pension
Benefits
Other
Postretirement
Benefits
Other
Postemployment
Benefits
2008 $ 448 $ 100 $ 134
2009 467 101 139
2010 459 96 144
2011 455 94 149
2012 451 86 155
2013-2017 2,314 314 856
Total $ 4,594 $ 791 $ 1,577
Other Plans
We also sponsor defined benefit pension plans for eligible Delta employees in certain foreign countries. These plans did not have a material impact on
our Consolidated Financial Statements in any period presented.
Defined Contribution Pension Plans
Delta Family-Care Savings Plan ("Savings Plan")
Eligible employees may contribute a portion of their covered pay to the Savings Plan on a pre-tax or post tax basis. Upon our emergence from
bankruptcy, we revised our employer contributions to the Savings Plan for our non-pilot employees. Prior to our emergence, we generally matched 50% of
non-pilot employee contributions with a maximum employer contribution of 2% of a participant's covered pay. After our emergence, we make an automatic
contribution of 2% of covered pay for all eligible non-pilot employees. In addition, we match 100% of non-pilot employee contributions with a maximum
employer contribution of 5% of a participant's covered pay.
In 2007, 2006 and 2005, we provided all eligible Delta pilots with an employer contribution to the Savings Plan of 2% of their covered pay. Effective
January 1, 2008, we transferred all pilot participant accounts to a newly implemented Pilots Savings Plan and future pilot employee contributions will be
made to that plan. We also continue to make an employer contribution of 2% of each pilot's covered pay to the newly implemented plan.
During the eight months ended December 31, 2007, the four months ended April 30, 2007 and the years ended December 31, 2006 and 2005, we
recognized expense of $12 million, $77 million, $44 million and $56 million, respectively, for contributions to the Savings Plan or payments made directly to
participants who have exceeded certain limits imposed on contributions to defined contribution plans under the Internal Revenue Code.
Pilot Defined Contribution Plan
We established a defined contribution plan for Delta pilots effective January 1, 2005 that included contributions from zero to 19%, depending on the
pilot's age and service at January 1, 2005. Effective with the termination of the Pilot Plan on September 2, 2006, the Pilot Defined Contribution Plan was
amended to provide for an annual contribution of 9% of covered pay for all eligible pilots. During the eight months ended December 31, 2007, the four
months ended April 30, 2007 and the years ended December 31, 2006 and 2005, we recognized expense of $24 million, $51 million, $71 million and $83
million, respectively, for contributions to this plan or payments made directly to participants who have exceeded certain limits imposed on contributions to
defined contribution plans under the Internal Revenue Code.
F-56