In 2005, a federal court authorized United Airlines (UAL) to terminate its pension plan. The government will
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In 2005, a federal court authorized United Airlines (UAL) to terminate its pension plan. The government will take over pension payments to retired UAL employees, but this action means that pension benefits will be less than promised by UAL to both its current retirees and current workers.
What future labor market effects would you expect to occur from this sudden and unexpected reduction of pension benefits?
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The sudden and unexpected reduction in pension benefits by United Airlines and the subsequent takeover by the government is likely to result in severa...View the full answer
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Related Book For 
Modern Labor Economics Theory And Public Policy
ISBN: 9780132540643
11th Edition
Authors: Ronald Ehrenberg, Robert Smith
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