A long-running dispute over pensions at United Airlines will end with small raises for some retirees.
|The federal agency that took over United's pensions in 2005 during its bankruptcy says 18 percent of United retirees will get raises. They'll be small — 1 percent or less.
|United retirees have long claimed that the federal Pension Benefit Guaranty Corp. under-valued the assets it got from United when it walked away from its pension plans. The agency now says it under-valued the pension assets by less than 1 percent.
|Most United retirees are not getting raises because they were already receiving their full pension. But some workers — especially pilots — were forced to take smaller pensions than they had expected. So their payouts will rise slightly.
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