Delta adds to pension funds

Atlanta-based Delta Air Lines said it is accelerating payments into its four pension funds.

Delta said it was adding $558 million in accelerated contributions to the pension funds to meet the required contribution levels for this year about seven months early. Normally, the company makes most of the required contributions near the end of the year.

Delta terminated its pilot pension plan during bankruptcy. Its other pension plans, including pension plans from merger partner Northwest Airlines, were frozen in 2005.

Delta's executive vice president of human resources Mike Campbell said in a written statement that putting the money into the plans earlier "means it will start working for employees sooner, by earning returns that add to the plan assets."

About the Author

Live airport security wait times and today’s trends

The AJC gathers real-time wait-time data from Hartsfield-Jackson Atlanta International Airport to show what security lines look like right now.

Microsoft’s newest AI ‘superfactory’ opens at sprawling Fayetteville campus

One of the largest data center campuses under construction in Georgia has its first operational tenant, and it’s one of the most recognizable names in technology.

In the market for a luxury vehicle? You might reconsider Lincoln.

The definition of “luxury” has shifted. It’s no longer just a softer ride with more chrome and gadgets; the real battle now is over experience. Lincoln is leaning in.

The Latest

Credit: TNS

In the market for a luxury vehicle? You might reconsider Lincoln.

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

Featured

Credit: Miguel Martinez

‘Worst nightmares come true.’ Atlanta confronts shift in homelessness funding.

Trump’s overhaul threatens permanent housing for an estimated 600 Atlanta households and 170,000 people nationwide, advocates warn.

Microsoft’s newest AI ‘superfactory’ opens at sprawling Fayetteville campus

One of the largest data center campuses under construction in Georgia has its first operational tenant, and it’s one of the most recognizable names in technology.

Atlanta officials quietly rebrand city’s DEI office

The city of Atlanta office overseeing diversity, equity and inclusion is getting a rebrand amid assaults at the federal level on such initiatives.