4 ms·
>Delta entered Chapter 11 on Sept. 14, 2005, amid high fuel prices and the burdens of high labor and pension expenses. Delta significantly reduced its labor and
by basch 3y ago
>Delta entered Chapter 11 on Sept. 14, 2005, amid high fuel prices and the burdens of high labor and pension expenses. Delta significantly reduced its labor and pension costs while under court protection.
It’s always interesting that Chapter 11 is a way out of pension promises. That someone can take employment at a certain wage, and then the company can renege on the back half of the compensation once the person retires.
- lotsofpulp 3y agoHence one should be wary of accepting the promise to be paid decades in the future by anyone other than the US federal government, or much more regulated entities like insurance companies. If the payer is not US federal government, stick to broad market index funds in 401k/IRA.