Pilots might alter their pension plans
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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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Union says pilots may retire en masse to get payments rather than ride out possible bankruptcy. NEW YORK  - Delta Air Lines Inc.
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United Airlines, which has said it  plans to skip nearly $500 million in pension contributions this  fall, said in bankruptcy court papers it likely will have to  cancel and replace all of its pension plans.
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Pension schemes may be forced to use more realistic assumptions about their members' longevity.
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United Airlines has signaled that it may terminate and replace employee pension plans, a move its parent company says is needed before it can emerge from Chapter 11 bankruptcy.
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Delta Air Lines&#39; pilot union has agreed to negotiate the early retirement issue that the company says could lead it into bankruptcy if it is not settled by the end of this month.
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United Airlines&#39; workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan - plus further steep reductions in pay and other benefits.
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nited Airlines said yesterday that it would most likely terminate its four employee pension plans and replace them with less generous benefits, a drastic move that United said was needed to attract the ...
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The US Airways pilots&#39; deal extends through 2009. Along with an 18 percent pay cut, pilots will have to fly more hours each month, likely resulting in more furloughs.
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Retired pilots may fly planes for Delta Air Lines as part of an interim agreement as the pilots union seeks to head off Delta&#39;s potential bankruptcy deadline.
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A proposal that would require companies to give a more accurate picture of their pension plans may result in companies deleting attractive features from their plans.
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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 Inc., the fifth-largest US carrier, said it will skip contributions to employee pension plans this year, taking advantage of a law enacted in April to conserve cash.
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Pilots at United Airlines face a 15 percent pay cut, their second double-digit wage reduction in two years, and will not further resist the company&#39;s elimination of traditional pensions under a tentative contract agreement made public Friday.
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CHICAGO - United Airlines&#39; workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan - plus further steep reductions in pay and other benefits.
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Several pilots have  received a second lease on life after the options on their  actors were extended.
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The US agency that insures corporate pensions is troubled by provisions in a $180 million concession deal between pilots and United Airlines (UALAQ.