US Takes Over More U.S. Airways Pension Plans
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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, the government said.
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US Airways also asks a judge to approve pay and benefit cuts to help save the carrier from going under. By Associated Press. ALEXANDRIA, Va.
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United Airlines told its unions that it wanted to terminate its four pension plans and seek additional wage and benefit concessions.
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A federal agency on Thursday sought to terminate and take over the troubled United Airlines pension plan that covers more than 14,000 active and retired pilots.
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The pilots union at US Airways Group  Inc. AIR.N on Thursday approved a $300 million concession  package, including pay cuts of 18 percent, to help the ailing  carrier survive its second bankruptcy in two years.
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Shares of US Airways (UAIR.O: Quote, Profile, Research) rose more more than 5 percent on Thursday after the airline&#39;s pilots union said it may soon agree on a plan to cut wages and benefits to help the carrier avoid a second
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Says it needs to save an additional $725M and also asks for pension relief; strikes loom. NEW YORK  - The parent of United Airlines Inc.
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Bankrupt airline US Airways has made a new proposal to its pilots that seeks nearly $1.9 billion in savings through 2009, more than the $1.
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The U.S. pension agency on Thursday  said it had filed a motion in court asking for permission to  take over the retirement plans of pilots at bankrupt United  Airlines, which are underfunded by $2.9 billion.
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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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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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As US Airways confronts the possibility of a second bankruptcy protection filing, the Arlington-based carrier has a new offer for the unions representing its pilots and flight attendants.
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US Airways Group Inc., which filed for Chapter 11 bankruptcy protection last month, will eliminate hundreds of management and nonunion jobs and impose wage cuts to save $45 million a year.
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WASHINGTON -- The Bush administration unveiled a proposal yesterday to make it easier for companies to enroll workers in pension plans such as 401(k)s, a move supporters hope will increase participation.
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NEW YORK, August 27 (New Ratings) - Federal Reserve Chairman, Alan Greenspan, has reportedly called for immediate initiatives for adjustments to the US pension benefits system.
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United Airlines, trying to restructure after nearly two years in bankruptcy protection, told its unions last night that it wanted to terminate its four pension plans and seek additional
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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.