Day: May 11, 2009

Delta wants to cut pilot’s

According to a memo released by the Air Line Pilots Association (ALPA), Delta wants to cut an unspecified number of pilot jobs through a program that would give pilots an incentive to retire. Under the terms of the proposal, active pilots who have met certain age and length-of-service metrics would be eligible to participate in…

PBGC Protects Pension Plan at LandAmerica Financial Group

(May 11, 2009) WASHINGTON—The Pension Benefit Guaranty Corporation (PBGC) today announced it is taking responsibility for the underfunded pension plan covering some 9,600 employees and retirees of LandAmerica Financial Group Inc. of Glen Allen, Va., a bankrupt real estate services firm.