United Airlines pension plans terminated


United Airlines has been relieved of its four employee retirement plans. The bankruptcy court overseeing the company’s Chapter 11 proceedings has terminated the funds and transfered them to the federal agency that guarantees pensions, the Pension Benefit Guaranty Corporation (PBGC).

This signals one of the largest pension defaults in the three decades since the US government started guaranteeing pensions, and serves as a blow to the unions, who are expected to appeal the decision.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: