Originally published Wednesday, August 15, 2012 at 12:47 PM
News Summary: Pension agency admits United error
PENSION RAISES: The federal Pension Benefit Guaranty Corp. says 18 percent of United Airlines retirees are owed bigger pensions.
The Associated Press
PENSION RAISES: The federal Pension Benefit Guaranty Corp. says 18 percent of United Airlines retirees are owed bigger pensions.
HOW MUCH BIGGER? Not much. Less than 1 percent. The biggest raises are $33.68 per month on average for pilots, because their pensions were reduced the most. Flight attendants get a dime more per month.
WHAT'S NEXT: PBGC said it is reforming the way it evaluates pension assets, which is what led to the under-payments.
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United is now part of United Continental Holdings Inc.










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