Pension agency assuming responsibility for United pilots&#39; funds
555251
ELK GROVE VILLAGE, Ill. The government&#39;s pension agency today has moved to assume responsibility for the pensions of United Airlines pilots.
717237
The government's pension guarantee agency said yesterday that it will seek immediate termination of the pension plan of the pilots of United Airlines, a move the agency estimated would save it $140 million over the timetable proposed by the carrier and its pilots.
614800
Delta Air Lines Inc., the number three US carrier, said yesterday it has agreed to give its retired pilots an extra $719 million in unsecured claims in its bankruptcy case to help them recoup losses from the termination of the pilots' pension plan.
309875
CHICAGO -- The government is moving to take over responsibility for the pensions of United Airlines pilots. The Pension Benefit Guaranty Corp.
502252
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.
33504
SAN FRANCISCO (CBS.MW) -- The US government&#39;s pension agency said Thursday that it will assume responsibility for the pension plan set up on behalf of United Airlines&#39; pilots.
151797
With three major airlines now in a fiscal tailspin, concern is growing not only that this industry may be facing a large-scale pension funding crisis, but also that all defined benefit plan sponsors could wind up paying for these companies&#39; failures.
430713
A judge said that a contract between United Airlines and its pilots' union forced other unions to join the pilots in letting United terminate their pension plans.
368771
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
94294
âFly the friendly skiesâ may be United Airlinesâ slogan. But employees of Americaâs largest carrier wonât be so convinced this weekend, on the heels of it filing court documents saying it is âlikelyâ to scrap its pension plans.
308629
United Airlines said termination and replacement of all of its pension plans &quot;likely will be required&quot; for the company to exit bankruptcy and attract financing.
487792
Dulles, VA, Aug. 17 (UPI) -- US Airways is seeking permission to delay pension contributions of $67.5 million, so it can keep operating.
709439
CHICAGO: The agency that guarantees US corporate pension plans lashed out at United Airlines over an agreement with its pilots&#39; union that would allow the carrier to dump one of its employee pension funds with the union&#39;s blessing.
26960
Cash-strapped United Airlines said in a bankruptcy court filing Thursday that it "likely" will be necessary to terminate and replace its employee pension plans.
13003
Aug. 19 (Bloomberg) -- UAL Corp.&#39;s United Airlines, trying to attract financing to exit bankruptcy, said it probably will terminate and replace all its pension plans.
27690
The government said the unusual step was needed to keep the airline and the pilots' union from abusing the federal pension-insurance program.
414720
United Airlines must pay $994 million in skipped contributions to employee pension plans and in benefits accrued by the plans, said the company appointed to protect worker interests in the retirement funds.