Text of PBGC Letter to United Air Lines Chairman (PDF)

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7/27/2004: Text of PBGC Letter to United Air Lines Chairman (PDF) (Pension Benefit Guaranty Corporation [PBGC])

1 page. Excerpt: The company has characterized certain covenants in its amended [debtor in possession bankruptcy] filing agreement as 'effectively' prohibiting further pension contributions prior to exit from bankruptcy. Any such covenants would be inconsistent with ERISA and the Internal Revenue Code and contrary to public policy.

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