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Delta Pilots Face Pension Plan Termination

delta17story.jpgDelta Airlines wants to terminate the pension plan for its 6,000 pilots.  This seems to be the trend for airlines as United Airlines and US Airways both ended their pension in Chapter 11 filings.

Delta Air Lines Inc. will file a request Monday to terminate its pilots' pension plan, the company's chief executive said Friday. But the nation's third-largest carrier still holds out hope pension reform will save other employees' retirement plans.

Here's an update.

Posted on Saturday, June 17 by Registered CommenterWise Owl in | Comments Off