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Retirement / Pension Promise / United Airlines / Quinn Interview #790823

CNN Evening News for Friday, May 20, 2005
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(Studio: Aaron Brown) Report introduced.

(New York: Gerri Willis) The impact of the decision by United Airlines to walk away from its pension plan examined. [Retired United Airlines pilot Bob BOWLES† - wonders about his future at 62; explains his sense of betrayal; states he now works full-time remodeling houses & is selling his two houses.] Statement from United management quoted. [At a restaurant gathering, retired pilot Jim McCUSKER†, BOWLES – express their feelings about United.]

(Studio: Aaron Brown) Taped in-studio interview held with "Newsweek"'s Jane Bryant Quinn about pension plans. [QUINN – talks about companies cutting benefits down, the problem workers are having with losing their promised benefits, the possible problems for the auto industry; explains the role of the government-funded Pension Guaranty Benefits Corp.; states most people are not good at managing 401 (k) plans.]

Reporter(s):
Brown, Aaron;
Willis, Gerri
Duration:
00:07:50

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