(17 quotes found)
“Northwest and Delta continue to be responsible under the law for making their pension contributions.”
Bradley Belt
“As long as companies remain in operation with ongoing pension plans, they have a legal obligation to meet their funding requirements.”
“nothing in the bankruptcy code requires companies to skip their pension funding payments.”
“fuel, wages, health care, utilities and aircraft leases.”
“If those contributions are not made, workers and retirees will be placed at greater risk of losing promised benefits,”
“The problem will become much worse. To call upon taxpayers - most of whom don't have defined-benefit pensions - to pay for the benefits of those who do would be fundamentally unfair.”
“The combination of rules allows companies to go for years on end without putting any money into their pension plans.”
“Unfortunately, the financial health of the P.B.G.C. is not improving.”
“Despite a strong economy, pension plans are reporting even larger shortfalls than last year. Clearly we need new rules that will require companies to fund the pension promises they make,”
“Unfortunately, the financial health of the PBGC is not improving,”
