Financial Services Industry
Industry: Email Alert RSS Feed[U] Profiles of the Top 200 Pension Funds.(Statistical Data Included)
Pensions & Investments, January, 2002
UAL Corp. ($ millions) Total assets 11,600 Defined benefit 7,300 Defined contribution 4,300 * DEFINED BENEFIT PLAN: Employer contributions 230 Benefit payments 435 CHICAGO - As of Sept. 30, UAL Corp.'s total employee benefit assets decreased 21% from a year earlier. Defined benefit assets decreased 17% during the same period; defined contribution assets decreased 26%.
Employer contributions to the defined benefit plan increased 15%; benefits paid increased 4%. During the past year, United Airlines approved a four-year contract with the Airline Pilots Association to increase pay by 23.8%, retroactive to April, with four annual increases of 4.5%. The contract increased the firm's contribution to the pilots' pension plan. United Airlines...
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