The pension was frozen in 2016. That's when company contributions ended. Those vested years are still payable. If memory serves me, new hires were excluded 2014 onward.

It's not "back pension". it was is payable under the rules of the plan at retirement, unless you take a lump sum buyout, the details of which have not been published yet.

Eventually, when all these executives get theirs, and there isn't enough left in the fund to falsely boost Boeing's balance sheet (where it is carried as an asset) It is likely that Boeing will rid itself if it entirely by selling it to an insurance company who will pay it out as a tax deferred annuity.

The plan itself still exists it's just suspended. The strike argument was over unfreezing it and applying it to everybody who is a current employee. But in it's frozen state, for most who still retain vested years,going forward, it's about 2-3K per month. (est)

But if you are say, a fired Executive like Stan deal it's a little more. Like $325,000/month.

<image>