public marks

PUBLIC MARKS with tags pensions & Labor_Blog_Posts

10 January 2007 20:15

Daily Kos: Delta Pension Fails; Pilots Get Screwed

by democrattotheend
The Pension Benefit Guaranty Corp. said Friday it has formally taken over the pilots' pension plan at Delta Air Lines, and it expects to be responsible for paying out close to $1 billion in benefits not covered by the plan's assets. The move was approved by Delta's bankruptcy judge and the PBGC last year. It represents the sixth-largest pension liability the PBGC has taken on in its 32-year history, the PBGC said. The quasi-federal agency said the Delta pilots' plan is under-funded by about $3 billion, with $4.7 billion in obligations and $1.7 billion in assets.

PUBLIC TAGS related to tag pensions

aparts +   hotels +   Istanbul +   restaurants +   tourism +   Visit istanbul +   Visitistanbul +  

Active users

last mark : 10/01/2007 20:20