Nonunion Retirees Shafted In Hawker Deal, Court Told

Law360, Los Angeles (January 11, 2013, 6:00 PM EST) -- Retirees of bankrupt Hawker Beechcraft Inc. objected on Thursday to a proposed settlement between the aircraft maker and Pension Guaranty Benefit Corp. that would end Hawker Beechcraft’s retirement income plan for nonunion employees, saying the settlement would unfairly keep retirement plans for unionized employees.

Thursday’s objection, filed by HBC Retiree Committee in a New York bankruptcy court, comes just days before a Jan. 17 hearing on approval of a settlement that would eliminate the indebted company’s pension plans for non-unionized salaried employees and retain the plan...
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