British Airways Loses Lawsuit Against Pension Trustees
Judge rules pension was within right to add discretionary increases.
Judge rules pension was within right to add discretionary increases.
City can move ahead with pension plan changes to relieve debt problem.
Board “reluctantly” agrees to close sections of the pension plan.
Inquiry relates to private equity investments, expenses, securities lending, and distributions of benefits.
Deficit drops to $247 billion from $275 billion.