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Pension takeover threatens Bethlehem Steel merger
Of The Morning CallA federal agency's decision to take over Bethlehem Steel pension plans today could scuttle Steel's merger with International Steel Group, officials from both companies said Tuesday. The government-run U.S. Pension Benefit Guaranty Corp. said Monday...Tags: Lawyers, Corporate Officers, Economy, Business and Finance, Employees, Mergers, Acquisitions and Takeovers
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Pa. taxpayers, ratepayers pay for insurance failures
Of The Morning CallFew topics will make the public's collective eyes glaze over quicker than insurance regulation. So here's your wake-up call: Bailing out two defunct Pennsylvania insurers will cost more than $1 billion, and you are going to help pay. Those two leave...Tags: Montgomery (Montgomery, Alabama), Missouri, Economy, Business and Finance, Harleysville Group Incorporated, Healthcare Provider
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Senate might pass pension bill today
Associated PressWASHINGTON - The Senate brushed aside warnings of a presidential veto yesterday and advanced toward passage of legislation to ease pension plan payments for thousands of companies and to give special relief to a few. Senators voted 67-25 to reject an...Tags: John McCain, Max Baucus, Elections, Laws, Retirement
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The Pension Payout Decision
Times Staff WriterBob Solomon turns 65 soon, which will force him to make pivotal financial choices about his pension plan. His employer, National Distributing Co., offers a defined-benefit pension--the kind that provides a monthly income for life. At age 65, employees--...Tags: Lawyers, Family, Economy, Business and Finance, Employees, Los Angeles
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Key Pension Issues
Times Staff WriterKey Pension Questions While 401(k) plans (defined contribution plans) are relatively easy to understand--you get out what you and your company put in, plus whatever you earned on your savings in the meantime--traditional defined benefit pensions can...Tags: Employees, Death, Retirement, Hewitt Associates, Lincolnshire
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3 unions on creditors panel
Tribune staff reporterUnited Airlines, whose internecine worker-management strife contributed to its downfall, now finds that its beleaguered unions will play a significant role in shaping the way the company will reinvent itself. On Friday, the Association of Flight...Tags: Navigant Consulting Incorporated, Employees, Employment, London Heathrow Airport, Bankruptcy
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Forging America: The History of Bethlehem Steel - Chapter 8
In federal court, Bethlehem noted that its debt, at $4.5 billion, was $300 million more than the value of all of its assets. Bankruptcy would give the company a chance to reorganize and provide new hope for a merger with another company. But the result,...Tags: Economy, Business and Finance, Employees, Health, Mergers, Acquisitions and Takeovers, Retirement
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Pensions Are Losing Popularity
Times Staff WriterThe traditional corporate pension, which gives workers a guaranteed paycheck in retirement, has rarely looked more attractive--or been more endangered, pension experts say. The Enron Corp. scandal and losses in 401(k) accounts have raised questions about...Tags: Economy, Business and Finance, Employees, Employee Benefits, Employers, Companies and Corporations
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|Story
Tags: Death, Personal Finance, Health, Retirement, Pension and Welfare
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United wins approval to dump pension plans
Tribune staff reporterA bankruptcy judge in Chicago ruled Tuesday that a federal agency can take over United Airlines' pension plans, allowing the carrier to walk away from nearly $10 billion in unfunded liabilities, the largest pension default in U.S. history. It helps...Tags: Lawyers, Employees, Crime, Law and Justice, Retirement, Judges
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Corporate America Pulling Back Pension Safety Net
Times Staff WriterWASHINGTON — Last week's court decision permitting United Airlines' parent to dump its pensions on the federal government is part of a sweeping trend that could make the nation's employers more competitive, but at the cost of leaving workers and...Tags: Economy, Business and Finance, Employees, Death, Healthcare Provider, Personal Finance
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How Bedrock Promises of Security Have Fractured Across America
Times Staff WriterFor more than two decades, Lowell Seibert made a living driving piles and erecting machinery across the industrial Midwest. But with mortgage payments, college tuitions and the prospect of retirement looming, Seibert traded in his outdoor job 14 years...Tags: Car Repair, Ford Motor Co., Arts and Culture, White House, Plant Openings
Dec 18, 2002
|Story| Allentown Morning Call
Apr 21, 2002
|Story| Allentown Morning Call
Jan 28, 2004
|Story| Baltimore Sun
Aug 19, 2001
|Story| Los Angeles Times
Aug 19, 2001
|Story| Los Angeles Times
Dec 14, 2002
|Story| Chicago Tribune
Dec 11, 2003
|Story| Allentown Morning Call
Mar 27, 2002
|Story| Los Angeles Times
Aug 20, 2006
|Story| Tribune Media Services
May 11, 2005
|Story| Chicago Tribune
May 15, 2005
|Story| Los Angeles Times
Dec 30, 2005
|Story| Los Angeles Times
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