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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 |
Originally Posted by Illini
(Post 170908)
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 RV |
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