United pilots' pensions protected
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United Airlines will have its pension scheme for pilots underwritten by the  US agency created to protect worker's retirement rights.
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It could be the supreme irony: Delta Air Lines, which incited controversy for creating bankruptcy-proof pensions for top executives in 2002, now says it may soon file for Chapter 11 protection because too many pilots are bailing out to save their own
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Pension legislation meant to give retirees greater financial security and prevent airlines from dumping their plans on the government could be on the president's desk as early as next week under a plan announced by GOP congressional leaders Friday.
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United Airlines, struggling to reorganize after two years in bankruptcy protection, reached a tentative agreement with its pilots' union on wage and benefit concessions.
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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.
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Pilots at UAL Corp. UALAQ.OB,  parent  of bankrupt United Airlines, on Thursday overwhelmingly  ratified a new five-year contract which will allow the airline  to cut wages and get rid of traditional pensions but will give  the pilots future financial incentives.
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United Airlines' pilots have overwhelmingly ratified a new cost-cutting contract, giving the carrier an important victory as it worked to secure agreements from all its unions on the eve of a self-imposed deadline.
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Pilots at UAL Corp. UALAQ.OB,  parent  of bankrupt United Airlines, on Thursday overwhelmingly  ratified a new contract which will allow the airline to cut  wages and get rid of traditional pensions but will give the  pilots future financial concessions.
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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.
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WASHINGTON : Bankrupt United Airlines has agreed to appoint an independent party to manage its employee pension funds prior to September 15 in an agreement with the US Labor Department.
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The union representing the pilots at  UAL Corp. UALAQ.OB, parent of bankrupt United Airlines, on  Thursday said its members had ratified a contract agreement  with the airline.
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The government's pension agency moved to assume responsibility yesterday for United Airlines pilots' pensions, acknowledging as unfortunate but inevitable the carrier's elimination of defined benefit plans for its employees.
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The government&#39;s pension agency moved to assume responsibility Thursday for United Airlines pilots&#39; pensions, acknowledging as unfortunate but inevitable the carrier&#39;s elimination of defined-benefit plans for its employees.
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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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CHICAGO - A federal bankruptcy judge approved United Airlines' amended financing plan Friday, rejecting union arguments that United didn't try hard enough to come up with an alternative that would continue company contributions to employee pension funds.    The hearing came a day after the release of court papers in which United warned it likely will have to terminate those pension funds in order to secure the loans it needs to emerge from Chapter 11 bankruptcy...
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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.
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Pilots at US Airways on Thursday  ratified a concession package that includes pay cuts of 18  percent, a decrease in company contributions to their  retirement plan and increased productivity.