2 ms·
Look at United Airlines. UA didn't fund the pension plan, then declared bankruptcy in 2005 primarily to get the $10B pension off it's books. Now that UA is pr
by bb88 2y ago
Look at United Airlines.
UA didn't fund the pension plan, then declared bankruptcy in 2005 primarily to get the $10B pension off it's books.
Now that UA is profitable again, it's under no obligation to fund the pension plan it discharged from it's 2005 bankruptcy.
https://www.pbgc.gov/wr/large/united/united-airlines-plan-restoration https://www.pbgc.gov/wr/large/united/united-airlines-plan-re...
- toomuchtodo 2y agoWe're doing better. Just have to keep grinding.