Orange County Employees Retirement System
Tycor Benefit Administrators, Inc.
The Retirement Plan Company
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|Delta Air Lines Pension Termination Could Be Largest Ever for PBGC|
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Sept. 16, 2005
Excerpt: Even if Congress approves legislation giving commercial airlines pension funding relief, Delta Air Lines Inc. may terminate its pension plans, resulting in a multibillion dollar loss that could be the biggest ever for the federal pension insurance agency. In a long-expected move, Delta on Wednesday filed for Chapter 11 bankruptcy and will not make its next required contribution to its pension plans.
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