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An Act to provide for pension reform. The Employee Retirement Income Security Act of 1974 (ERISA) (Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income ...
Delta reduced its pension and other retirement liabilities by more than $3.5 billion last year, and there could be more improvement coming in the next few years. Delta Air Lines, Inc. Makes ...
Gerald Grinstein. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former chief executive officer (CEO) of Delta Air Lines. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He became CEO of Delta in 2004, a time of financial crisis for the airline.
Delta Air Lines is a major American airline. [ 1 ][ 2 ] The company's history began with the world's first aerial crop dusting operation called Huff Daland Dusters Inc., founded in 1925 in Macon, Georgia [ 3 ] to combat the boll weevil infestation of cotton crops. [ 4 ] C.E. Woolman, general manager and later Delta's first CEO, led a group of ...
In the past, US Airways and United Airlines, now merged into United Continental , have seen the PBGC take over certain pension-plan obligations to provide benefits to their workers as part of the ...
Delta Air Lines is a major airline in the United States headquartered in Atlanta, Georgia. [1] It is the United States' oldest operating airline and the seventh-oldest operating worldwide . [ 7 ] Delta, along with its subsidiaries and regional affiliates, including Delta Connection , operates over 5,400 flights daily and serves 325 destinations ...
The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
In April 2000, more than 8,000 flight attendants at Northwest Airlines voted to ratify a new contract with improvements in compensation and retirement packages and ending a 3½ year labor dispute. [27] A decade later, Northwest Airlines merged with Delta Air Lines and ceased operations on January 31, 2010.
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