среда, 14 марта 2012 г.

United unions fight for skipped pension payments

Hoping to salvage some lost pension money, the trusteerepresenting employee pension funds at United Airlines sought a courtorder Tuesday that the carrier be required to make up hundreds ofmillions of dollars in skipped contributions before exitingbankruptcy.

Independent Fiduciary Services said in the motion filed in federalbankruptcy court that it seeks to collect as much as $994 million inpayments that United has missed since it announced last July that itwas halting pension contributions. It asks for at least $260 million,the minimum that United was to have paid.

The investment advisory firm, appointed as independent fiduciarythis fall, said its action applies to …

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