US Pension Benefit Guaranty Corp. said Friday it has assumed responsibility for the pensions of nearly 4,000 employees and retirees of Aloha Airlines, which emerged from bankruptcy in February, two months after it received US District Court permission to cancel its defined-benefit pension plans to which it owed $155 million (ATWOnline, Dec. 19, 2005). PBGC said the three plans are 55% funded, with $190 million in assets covering $345 million in benefit promises. It expects to be responsible ...

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