The US Pension Benefit Guaranty Corp. announced Friday that it has moved to assume responsibility for the pensions of United Airlines' 36,000 active and retired ground employees. According to PBGC, the pensions are only 30% funded and the company has missed $363 million in legally required contributions. In addition, management previously has declared its intention to terminate the plan. "This action was necessary at this time to protect the pension insurance fund against further losses," ...

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