US - Delta Airlines saw its 2006 Q4 loss widen to $2bn after it spent US$2.2bn on a claim to terminate its defined benefit pension plan.
In January, the Pension Benefit Guaranty Corp agreed to take on around $1bn of the company’s pension deficit. The cost of the pension claim was partially offset by an $897m liability for pension c...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
