Summary
CHICAGO A federal bankruptcy judge approved United Airlines' plan to terminate its employees' pension plans on Tuesday, clearing the way for the largest corporate-pension default in American history.
The ruling, which carries broad implications for U.S. airlines and their workers, shifts responsibility for United's four defined- benefit plans to the government's pension agency.See the full content of this document
Extract
Judge Oks End of United Pension
That will save cash-strapped United an estimated $645 million a year, part of the...
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