Blogging Employee Benefits

January 13, 2006

NWA Pilots Agree to Pension Freeze

Filed under: Pensions — Fuguerre @ 3:49 pm

Northwest Airlines pilots have approved the freezing of the NWA Pilots Defined Benefit Pension Plan, effective January 31, 2006. An interim 5% allocation under a defined contribution plan will replace the frozen benefit accruals, together with terms for a new long-term disability program and a new family member benefit program. [MEC Hotline (1/12/06)]

1 Comment »

  1. AP reports today that the bankruptcy court has approved this pension plan freeze.

    Comment by Fuguerre — January 31, 2006 @ 12:52 pm

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