Originally Posted by Flea Bite
United, a subsidiary of the bankrupt UAL Corp., halted payments to its pension plans last year. The PBGC will pay only about two-thirds of the promised benefits to 120,000 current and former workers.
More media spin....
I'm sure the average pilot at United would be thrilled with two-thirds instead of what they will get from the PBGC. It's more like 10%
What a sham.