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Business, 22.03.2021 16:50 heroxtree

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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