US President George Bush, as expected, signed comprehensive pension reform legislation into law yesterday, completing a system overhaul that is expected to save the defined retirement programs of airlines and other companies (ATWOnline, Aug. 7). The new law gives US carriers that have frozen their plans, such as Northwest Airlines and Delta Air Lines, 17 years from 2008 to fund their plans fully. Others get 10 years. Bush said companies that have pension programs "have a duty to set aside ...

Subscribe to Access this Entire Article

"Other News - 08/17/2006" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.