United Airline Mechanics and Baggage-Handlers' Employee Pensions Targeted for Federal Takeover

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United Airline Mechanics and Baggage-Handlers' Employee Pensions Targeted for Federal Takeover
The Washington Post; subscription may be required

Mar. 14, 2005

Excerpt: The Pension Benefit Guaranty Corp. -- the federal agency that insures corporate pension plans -- moved yesterday to take over the pensions of United Airlines' 36,000 mechanics and baggage handlers, relieving the airline of millions of dollars in obligations to the under-funded plan.

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