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PBGC Objecting to United Bankruptcy Plan
Business Insurance; free registration requiredLink to more items from this source
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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