Responding to a number of objections from former employees, Hawker Beechcraft is defending its request for a “distress termination” of two of its three pension plans, saying it would be “impossible” to emerge from Chapter 11 bankruptcy protection otherwise. Under the request, Hawker Beechcraft would continue its pension plan covering hourly workers, but cancel those covering salaried workers (salaried plan) and nonunion workers in the customer support segment (base plan). Hawker ...
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