United Airlines' plan to eliminate its employees' defined-benefit pension plans moved a step closer to reality Friday when the government's pension-protection agency agreed to drop its opposition. Attorneys for United and the Pension Benefit Guaranty Corp. announced a settlement in federal bankruptcy court. The federal pension insurer has been opposing United's proposed termination of its four employee pension plans since the airline said last August that it intended to end them.
April 25, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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