United Airlines (UAL) and the Pension Benefit Guaranty Corporation (PBGC) made a dirty deal to eliminate our company pensions and replace them with anemic PBGC pensions.

FORBES: PBGC Pension Termination: A Worker's Perspective by Terry O'Rourke, United airlines (December 15, 2007 )

So, too, have workers at United Airlines: a bankruptcy judge recently ruled that the firm could hand its pension plan over to the Pension Benefit Guaranty Corporation, a government-linked pension insurer that pays only partial benefits to high-earners.

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