United Airlines Pensions Story aired: Wednesday, May 11, 2005
United Airlines heads back to court today to face it's unions, .as 134-thousand United employees react to the news that a federal judge gave the company permission to offload pensions plans.
Yesterday's rulings will shift the plans to the already overburdened U.S. government pension agency and that shift is expected to cost the workers thousands of dollars a year.
It may also have broad implications for the rest of the troubled airline industry, where under-funded pension plans and flagging profits are more the norm than the exception.
Nanette Byrnes explains the rationale for allowing United to terminate its plans.
