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Old 06-16-2006, 11:44 PM
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Default Delta to Request End to Pilots' Pensions

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Delta to Request End to Pilots' Pensions

Jun 16, 4:39 PM (ET)
By HARRY R. WEBER

ATLANTA (AP) - Delta Air Lines Inc. (DALRQ) will file a request Monday to terminate its pilots' pension plan, the company's chief executive said Friday. But the nation's third-largest carrier still holds out hope pension reform will save other employees' retirement plans.

In a letter to U.S. Sen. Johnny Isakson, that also was sent to other members of Congress, Delta CEO Gerald Grinstein said Delta will ask that the pilots' pension be terminated effective Sept. 2. UAL Corp. (UAUA)'s United Airlines, the nation's No. 2 carrier, did the same thing when it was in bankruptcy protection.
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