I thought the U.S. government's PBGC (Pension Benefit Guarantee Corp) insured employees vested defined benefit pensions in cases where the employer became insolvent, declaried bankruptcy and elected to reject pension claims.
Yes but it is a set amount, regardless of your pension. And Airline pilot pensions were disproportionately large - typically half your final salary.
My uncle is a retired United pilot. The pension he worked for was somewhere north of $100k U.S. He's getting around $36k from the PBGC....