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News Summary: Pension agency admits United error

Source : AP
Last Updated: Wed, Aug 15, 2012 20:00 hrs

: 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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