So you work for an airline: As someone who works in the airline industry, no one needs to tell you about bankruptcies, takeovers, mergers, strikes and cutthroat competition. Airline pensions are at particular risk because they’re often exposed to the legal complications resulting from these common upheavals.
In fact, over the past 30 years, the airline and steel sectors have accounted for more than 70% of claims at the government’s Pension Benefit Guaranty Corporation. This indicates a very high default rate, especially considering that airlines and steel account for just 5% of pension plan participants.
