US - The PBGC will have to pay nearly US$1bn into the Delta Air Lines pilots retirement plan after taking responsibility for payment of pension benefits to more than 13 000 active and retired pilots.
The massive deficit makes this the 6th largest claim in the PBGC's history. The Delta pilots' plan has a funding deficit of $3bn, with $1.7bn in assets to cover more than $4.7bn in benefit liabilit...
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