Old 05-25-2007 | 10:39 AM
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Illini
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Default Iraq bill includes airline pension provision

I just read this in the New York Times.

"Then there are airlines like Continental and American, who won a last-minute battle with the White House over a plan that would allow them to together reduce the contributions to their pension plans by almost $2 billion over the next decade."
"The two companies, along with a few smaller airlines such as Alaska Air, will be given leeway to reduce contributions to their defined benefit pension plans by a combined total of $2 billion, according to the Pension Benefit Guaranty Corp."

http://www.nytimes.com/aponline/us/A...=1&oref=slogin
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