Labor & Economic News Blog

Thursday, March 15, 2007

Delta files notice of pension relief

Delta files notice of pension relief
Delta Air Lines, which terminated its pilots pension plan, said Thursday it has contributed an extra $50 million to its pension plan covering ground employees and flight attendants. The Atlanta-based company also said that it filed its election to obtain the pension relief approved by Congress last year. Delta has said it needed to terminate its pilots' defined benefit pension plan to successfully emerge from bankruptcy. The government's pension insurer took over the obligations for the pilots' pension plan in January.

 



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