Local 33 webmaster note: With all of the talk and print media on the subject of pensions and the airlines, let us not forget about what the executives of bankrupt Northwest Airlines are getting. Before you start buying the "poor me" articles on executive compensation, please note the following.
NWA Executive Pensions
According to the 10K/A released May 1, 2006, current NWA Executive Management will receive the following amounts annually upon retirement (their current years of service is also listed):
| Executive Name and Title | Years of Vesting Service | Amount of Annual Pension Payments |
| Doug Steenland, CEO and President | 14.5 years | $509,270 |
| Tim Griffin, EVP - Marketing & Distribution | 12.6 years | $302,483 |
| Phillip Haan, EVP - Int'l, Alliances & Information Services | 14.8 years | $227,119 |
| Neal S. Cohen - EVP & CFO* | 8.9 years | $288,808 |
| Andrew Roberts, EVP - Operations | 8.4 years | $165,485 |
*Mr. Cohen rejoined NWA in May 2005. He receives additional credit for his previous years of service to NWA.
Three (3) plans are afforded executive management: the Pension Plan for Salaried Employees, the Excess Pension Plan and the Supplemental Executive Retirement Plan (SERP). The Pension Plan for Salaried Employees and the Excess Pension Plan have been frozen and replaced by an employer contribution to Northwest's Retirement Savings Plan. The Supplemental Executive Retirement Plan (SERP) remains in place.
All executive management vested pension benefits are payable as a lump sum upon the participant's termination of employment. For example, former CEO Richard Anderson received a lump-sum pay-out for his pension. Upon his departure he had 14.1 credited years of service to NWA. His participation in the 3 plans, afforded executive management, netted him a lump sum payment of $3,028,700.00.