US AIR, UAL: Fiduciaries are ready to fight airlines to make contributions.(US Airways Group Inc.)(UAL Corp.)

Pensions & Investments, September, 2004 by Anand, Vineeta

Byline: Vineeta Anand Fiduciary Counselors Inc., Washington, will ask a federal bankruptcy court judge to require US Airways Group Inc. to make its scheduled contributions to its retirement plans. The firm was recently appointed independent fiduciary to the airline's pension and retirement plans.

And on Friday, United Airlines Inc., Elk Grove Village, Ill., appointed Independent Fiduciary Services Inc., Washington, as independent fiduciary for its pension plans as its parent, UAL Corp., wends its way through bankruptcy court. IFS will pursue claims regarding pension contributions owed to the plans with authority to initiate litigation or other action if there appears to be any breach of fiduciary duty. It also will recommend funding policies to United's...

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