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Delta wants relief from its pension costs

June 16, 2006 at 5:21 PM   |   Comments

ATLANTA, June 16 (UPI) -- Atlanta-based Delta Air Lines disclosed Friday that it will, as expected, seek to have the U.S. government take over its pension obligations.

The bankrupt carrier plans to ask formally Monday for relief from the Pension Benefit Guaranty Corp., which guarantees a portion of private pension plans, CNN said.

The carrier intends the termination of the plan to take effect Sept. 2.

© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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