Although Northwest workers took steep pay cuts when Northwest was in bankruptcy, the airline did not turn its pensions over to the Pension Benefit Guaranty Corp., the federal agency that insures private pension plans. The Plan This employer has not claimed their Employer Profile and is missing out on connecting with our community. After Delta filed for bankruptcy in 2005, it terminated its pilots' defined benefit pension plan. For example, if your employer maintains a pension plan, ERISA specifies when you must be allowed to become a participant, how long you have to work before you have a non-forfeitable interest in your pension, how long you can be away from your job before it might affect your benefits, and whether your spouse/domestic partner has a right to part of your pension in the event of your death. status of any class action settlement claim. All employees took major pay cuts recently due to the very difficult business climate our industry is currently experiencing. Other major American competitors, including Southwest Airlines Co. and JetBlue Airways Corp., do not sponsor defined benefit pension plans. In the end, many of the low-paid, low-seniority flight attendants admitted they voted for the agreement because they could not financially hold out any longer. What airlines pay flight attendants the most? Actions does not process claims and we cannot advise you on the While the company returned to record profitabilityand executives reaped gigantic bonuses, salaries and cashed in stock optionsthe airline, aided by the complicity of the unions, balked at settling contracts when management reopened talks in 1996. The International Association of Machinists (IAM), which has launched several unsuccessful drives to unionize Delta, also scabbed on the mechanics strike, taking over some of the jobs of the strikers. Instead the company asserted that not making these contributions was simply a prudent business decision.

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