Retired Pilots Aren't Owed Interest, PBGC Tells DC Circ.

Law360, District of Columbia (May 6, 2011, 3:57 PM EDT) -- The Pension Benefit Guaranty Corp. told the D.C. Circuit on Friday that a retirement plan for a putative class of retired airline pilots suing US Airways Group Inc. for allegedly withholding benefit payments did not allow for extra interest.

The pilots in January appealed a Washington federal court's decision granting summary judgment to the airline on the pilots' Employment Retirement Income Security Act claims that US Airways bilked them out of millions of dollars in interest by delaying the payment of lump-sum retirement benefits.

Jean Marie...
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