Four patients had pain during or immediately after the i.p. infusion; however, none of the patients terminated the planned treatment because of infusion-related pain.
American said it needed to terminate the plans to stay competitive, but Mr. Gotbaum disputed the airline's calculations.
At the time, Delta said it would not move to terminate the plan before February, even if it sought court protection.
To terminate the plans, the company will ask an insurance company to specify the full amount needed, in today's dollars, to pay all future benefits.
The airline's move last week came after the Pension Guaranty Benefit Corporation said it would seize control of the pension plan for United's pilots, rather than allow the airline to terminate the plan.
However, the number of defined benefit (DB) plans has been declining because many employers terminate the plans early.
If you are about to run into surplus tax territory, terminate the plan and roll the balance into an IRA.
The next week, it said that it would not make any more payments due before it exited bankruptcy, and was leaving its options open, including the possibility of terminating the plans.
The other major carriers in the United States have already stopped offering traditional, defined-benefit pensions, sometimes by terminating the plans in bankruptcy, and sometimes by freezing them, the less draconian approach.
But you have some outs, short of terminating the plan, to reduce contributions in a lean year.
