Lufthansa even topped up the money paid into the PPF post sale to ensure members got all or close to their projected benefits.
That is, sadly, not true at all. The compensation (which we are only just receiving now so we have lost out of 2 years of booming stock markets) makes up only part of the loss and unfortunately the more you lost the less, in percentage terms, compensation you receive. Some members who were close to retirement have lost up to 2/3rds of their pensions or more.
Good luck to all you Monarch pensioners who have paid in for years, I feel for you.