USAir Asks to Skip Pension Payment
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ALEXANDRIA, Va.  - US Airways Group Inc. UAIR.O,  trying to raise money and avoid liquidation, on Monday asked a  judge for permission to skip a big pension payment due this  week, in its first move since filing for protection against  creditors over the weekend.
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United Airlines is moving to obtain another $725 million in labor concessions and eliminate employees&#39; traditional pensions as it seeks the financing to come out of bankruptcy.
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The US pension agency on Thursday said it would take over the retirement plans of pilots at bankrupt United Airlines, which are underfunded by $2.9 billion.
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US Airways lawyers told a federal bankruptcy judge here Thursday that the carrier can&#39;t afford to maintain its current pension plans.
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The US Treasury Department suspended investments in a federal employee pension fund on Thursday to keep the government below its borrowing limit, Treasury Secretary John Snow said in a letter to Congress.
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United Airlines' workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan &#151; plus further steep reductions in pay and other benefits.
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The Bush administration expressed fresh concern on Wednesday about the possibility bankrupt United Airlines (UALAQ.OB) might scrap its employee pension plans, which would shift the burden of paying benefits to the government.
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US Airways Group Inc.  told a bankruptcy court on Monday it would skip a &#36;110 million pension payment due Wednesday as it looks to slash costs and avoid liquidation after filing for protection from its creditors over the weekend.
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Bankrupt United Airlines said on Friday it needs more labor cost cuts on top of any gains from terminating employee pensions and expects to move toward voiding its labor contracts in early November.
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US Airways Group Inc. (UAIR.O: Quote, Profile, Research) told a bankruptcy court on Monday it would skip a $110 million pension payment due Wednesday
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The US pension insurance agency on Thursday asked a federal judge to let it assume responsibility for an underfunded pension plan for pilots at bankrupt United Airlines, arguing that it could help bolster the health of pensions for former and current
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The U.S. pension agency on Thursday  said it was moving to take over United Airlines' pilot pension  plans, which are underfunded by $2.9 billion.
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Continental Airlines Inc. and Northwest Airlines Corp. pilots might offer to revamp their pensions after a United Airlines threat to terminate its pension plans to save money sparked worker fears that a trend might be starting.
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CHICAGO - United Airlines would be within its rights to terminate its employee pension plans but hasn't yet decided to do so, an attorney for the carrier said Friday, as two unions urged a judge to block a financing plan they say is predicated on the airline halting fund contributions.    The hearing came a day after the release of court papers in which United warned it "likely" will have to end those pension funds in order to secure the loans it needs to get out of bankruptcy...
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In an effort to conserve cash, financially ailing US Airways Group Inc. said Monday that it plans to ask the Internal Revenue Service for permission to delay payments into the pension plans of two of its employee groups.
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The government moved in federal court yesterday to take over the pension fund for United Airlines&#39; pilots, an unusual step that it said was needed to prevent the airline and the pilots
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Continental Airlines said Friday that it won&#39;t contribute to its pension plan this year. To conserve cash, the money-losing carrier will postpone its payment to the fund, which is hundreds