12/24/2002: US Airways Fails to Win Approval on Pension Proposal to PBGC (TimesOnline.com)Excerpt: "The federal Pension Benefit Guaranty Corp. cannot give the go-ahead to US Airways' plan for digging its employee pension plan out of a $3.1 billion shortfall, a spokesman for the federal agency said Monday. 'It is not within our legal power to do what they want to do,' the PBGC's Jeffrey Spicher said. At issue is US Airways' request to terminate the plan, then restart it at a different funding level."
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