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United wins approval to dump pension plans
Tribune staff reporterA bankruptcy judge in Chicago ruled Tuesday that a federal agency can take over United Airlines' pension plans, allowing the carrier to walk away from nearly $10 billion in unfunded liabilities, the largest pension default in U.S. history. It helps...Tags: Retirement, Pension and Welfare, Finance, Financially Distressed Companies, Interior Policy
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Corporate America Pulling Back Pension Safety Net
Times Staff WriterWASHINGTON — Last week's court decision permitting United Airlines' parent to dump its pensions on the federal government is part of a sweeping trend that could make the nation's employers more competitive, but at the cost of leaving workers and...Tags: Social Security, Retirement, FBI, Layoffs and Downsizing, Personal Investing
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Steel retiree watches and worries
Of The Morning CallBill Latishaw never thought he'd see the fall of the giant Bethlehem Steel. Now a proposed takeover by International Steel Group of Cleveland might revive the working parts of the Bethlehem company, and alter some of his retirement plans. "It's tragic...Tags: Retirement, Mergers, Acquisitions and Takeovers, Bethlehem Steel, Pension and Welfare, Health
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United expects to decide fate of pensions within 2 months
Tribune staff reporterUnited Airlines hopes to complete a new business plan within two months, including a decision on whether to terminate its pension plans, the company told employees Wednesday. The statement came as part of a "pension primer" letting employees know what...Tags: Retirement, Pension and Welfare, University of Chicago, Finance, Financially Distressed Companies
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Pension plan would put strain on system
Tribune staff reporterUnited Airlines' plan to walk away from its pension obligations stirred a new round of concern on Friday about the nation's troubled pension guarantee system. Officials with the Pension Benefit Guaranty Corp., the federal agency that pays the pensions of...Tags: Retirement, Bethlehem Steel, Pension and Welfare, Financially Distressed Companies, Interior Policy
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United removed pension execs
Tribune staff reporterA month before United Airlines said it would stop funding its pension plans, it quietly removed three top executives charged with protecting employees' retirement interests and named itself the fiduciary for the plans, creating what a government...Tags: Retirement, Pension and Welfare, Medina (Saudi Arabia), Finance, Financially Distressed Companies
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United stalls pension fund contributions
Tribune staff reportersUnited Airlines fired a major shot Friday in the battle with its workers over cost cuts, announcing that it would cease making payments to employee pension funds as long as it remains in bankruptcy. The airline signaled the move last week when it...Tags: Retirement, Pension and Welfare, Finance, Financially Distressed Companies, Interior Policy
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United softens pension threat
Tribune staff reporterReaching out to workers on Tuesday, United Airlines Chief Executive Glenn Tilton acknowledged that the carrier's decision to stop funding its pension plans has created "significant anxiety." Tilton reiterated that the move does not affect pension...Tags: Retirement, Pension and Welfare, Finance, Financially Distressed Companies, Interior Policy
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Pensions must go, United tells its unions
United Airlines has told its pilots, flight attendants and other union workers it must terminate their pensions, cut pay and eliminate jobs to enable the struggling airline to emerge from bankruptcy. The Elk Grove Township-based carrier hopes to have the...Tags: Retirement, Pension and Welfare, Financially Distressed Companies, Interior Policy, Politics
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More ailing companies escaping pension costs
When officials of the federal agency that protects worker pension plans meet Thursday with United Airlines executives, they'll likely be seeking the answer to a fundamental question: "Is United planning to stick Uncle Sam with the entire $7.5 billion tab...Tags: Retirement, Bethlehem Steel, University of Chicago, Financially Distressed Companies, Interior Policy
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Lawmakers hit United on pension plan
More than 100 lawmakers have signed a letter being sent to United Airlines' chief in opposition to its plan to terminate its pension plans to survive bankruptcy. "While we understand that the airline faces difficult challenges in emerging from...Tags: Retirement, Financially Distressed Companies, California, Interior Policy, Politics
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Flight attendants target United's leaders
Tribune staff reporterUnited Airlines' flight attendants union said Tuesday that it will do everything it can in court to oust the carrier's top executives. "We condemn United Airlines senior management for devising a business plan which, in addition to the termination of...Tags: Retirement, Medina (Saudi Arabia), Financially Distressed Companies, Interior Policy, Politics
May 11, 2005
|Story| Chicago Tribune
May 15, 2005
|Story| Los Angeles Times
Nov 17, 2002
|Story| Allentown Morning Call
Sep 23, 2004
|Story| Chicago Tribune
Nov 6, 2004
|Story| Chicago Tribune
Aug 18, 2004
|Story| Chicago Tribune
Jul 24, 2004
|Story| Chicago Tribune
Jul 28, 2004
|Story| Chicago Tribune
Nov 5, 2004
|Story| Chicago Tribune
Jul 29, 2004
|Story| Chicago Tribune
Sep 21, 2004
|Story| Chicago Tribune
Sep 1, 2004
|Story| Chicago Tribune
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