United dumping Pensions?

[taloft]

United dumping Pensions?

 

[dayshift]

I believe the pilots pension is funded through 2004, all the other work groups are SOL.

 

[ArcticFlier]

Can Anyone Say..........

PBGC?

AF

 

[satpak77]

max PBGC will pay out is....

28,500 a year

yep

welcome to "airline retirement"

however, it appears that UAL is legally obligated to make contributions

http://www.reuters.com/financeNewsArticle.jhtml?type=bondsNews&storyID=5776455

Max PBGC mayout discussed here

http://moneycentral.msn.com/content/RetirementandWills/P44221.asp

 

[Hugh Johnson]

Ask the steel companies that dumped their pension plans in Ch 11. Good luck United. Good thing you got that extra funding.

 

[Mugs]

Ask the steel companies that dumped their pension plans in Ch 11. Good luck United. Good thing you got that extra funding.

Good luck everybody. Defined bennefit pension plans will be history in this country in the near future.