US Wants a Trustee Named to Oversee United&#39;s Pensions
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ASHINGTON, Aug. 17  - A legal overseer will be appointed to represent participants in United Airlines&#39; pension plans now that the company has halted contributions, the Labor Department said on Tuesday.
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CHICAGO The trustee firm representing employee pension funds at United Airlines wants the carrier to make up millions in skipped pension contributions before exiting bankruptcy.
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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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The government's pension agency moved Thursday to assume responsibility for the pensions of United Airlines pilots, an action it already faced having to take next year when the bankrupt carrier dumps its defined-benefit pensions.
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U.S. pension insurers on Wednesday  assumed control of underfunded retirement plans covering flight  attendants, machinists and other non-union workers at bankrupt  US Airways UAIRQ.OB, the government said.
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CHICAGO The union representing United Airlines&#39; flight attendants is calling for new management at the Elk Grove Village-based company.
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The ouster of the president of California&#39;s public pension fund has raised questions about whether pension funds, endowments and other big activist investors will be able to keep wielding influence in corporate governance campaigns.
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US securities regulators may recommend enforcement action against the former head of Citigroup Global Investment Management for his role in activities under investigation at the company&#39;s mutual fund unit, the No.
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Leading economists say US taxpayers may have to pay for a pensions shortfall at the agency that protects pensions funds.
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Prompt action is needed to fund pensions for the ageing US population, the head of Federal Reserve has said. Alan Greenspan told a Fed-sponsored symposium that workers face the prospect of either higher taxes or a raised retirement age.
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CHICAGO : The judge overseeing United Airlines&#39; bankruptcy case struck a controversial pension-related brief from the record, in the latest development in the row over United&#39;s underfunded pension plans.
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The head of the largest U.S.  pension fund faces ouster this week after spearheading a  controversial corporate reform campaign that drew the $177  billion pension into pitched political and boardroom battles,  two board members said.
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It&#39;s one of the most powerful jobs in the world of finance. The president of the board of the California Public Employees&#39; Retirement System oversees the nation&#39;s largest pension fund, with $177 billion in assets.
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The government&#39;s pension insurance agency yesterday called on Congress to strengthen its hand in seeking to attach assets of bankrupt companies to protect those companies&#39; pension plan
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The United Auto Workers union is open to establishing a trust fund for retiree health-care benefits if it can reach an agreement with the U.S. automakers on funding terms, the Detroit News reported on Tuesday, citing sources close to this summer's labor contract negotiations.
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NEW YORK, December 3  - The Board members of the Californian state pension fund, Calpers (California Public Employees Retirement System), are scheduled to begin the process of selecting a new President today, after Sean Harrigan was
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THE REGION Putnam taps trustees