Bankruptcy Law
Retired Delta Pilots Seek $100 M
Posted Aug 10, 2007 6:48 AM CDT
By Debra Cassens Weiss
About 1,000 retired pilots for Delta Air Lines claim the company owes them at least $100 million in pension benefits.
The pilots said in a New York bankruptcy filing that the company is misinterpreting federal tax law and miscalculating benefits paid under its defined-benefit plan, according to the Fulton County Daily Report. A Delta spokeswoman said the claim has no merit.
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