Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
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|PBGC Objecting to United Bankruptcy Plan|
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Aug. 16, 2004
Excerpt: [T]he PBGC has revised upward its potential liability if it takes over and terminates United's pension plans. The PBGC now estimates it would be liable for $6.4 billion in guaranteed benefits to participants if all four of United's plans are terminated. The plans, which have about 119,000 participants, are underfunded by $8.3 billion, according to the PBGC, which does not guarantee all promised benefits.
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