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Demise of pension plans has accelerated

...status and the termination of an underfunded pension plan," said Jeffrey Speicher, a spokesman for the PBGC. But James F. Hendricks, a senior partner at the law firm Fisher & Phillips LLP in Chicago, argues that companies outside of the airline...

http://chronicle.augusta.com/stories/2005/05/12/bus_452893.shtml
Business
Airlines may go Chapter 11 route

...where workers' retirement benefits are quite likely to be gutted at the hands of banks and other creditors. James F. Hendricks, a senior partner at the law firm Fisher & Phillips LLP in Chicago, said he expects airline executives to work...

http://chronicle.augusta.com/stories/2005/05/12/bus_452997.shtml
Business
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