Hints and tips:
...He said Delta was focused on talks with key creditors such as the federal Pension Benefit Guaranty Corporation, which assumed some of Delta’s terminated employee plan, and on exit financing....
...Benefit Guaranty Corporation, which inherited obligations terminated by the airline earlier this year....
...Benefit Guaranty Corporation, which oversees Delta’s terminated pension funds....
...The Pension Benefit Guaranty Corporation may face an extra bill of $1bn to help US airline pilots under a little-noticed amendment to proposed pension legislation that is gaining traction in Congress....
...Guaranty Corporation....
...In April, the Pension Benefit Guaranty Corporation, whose deficit hit $23.3bn in 2004, was forced to assume its largest ever pension termination, when United Airlines terminated its defined benefit plans...
...Members of the federal Pension Benefit Guaranty Corporation may experience some turbulence as they take on extra stock in the airline in return for helping us unload the excess baggage that is our pension...
...The sense of urgency comes as the Pension Benefit Guaranty Corporation, the federal agency that insures defined benefit pension plans, said it could assume liabilities of $8.4bn from Delta's pension plan...
...Creditors, which include employee labour groups, aircraft manufacturers and the government-backed Pension Benefit Guaranty Corporation, will have until December to register objections to the plan....
...Benefit Guaranty Corporation, the largest such pension termination....
...Efforts to reform corporate pension rules to relieve the pressure on the Pension Benefit Guaranty Corporation – the federal safety net for underfunded schemes – are now stuck in Congress....
International Edition