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.
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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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