Has the Pension Benefit Guaranty Corporation (PBGC) assumed responsibility for the above mentioned Plans?
We expect the PBGC to assume responsibility by the end of January 2005. When this transition is completed, the PBGC’s pension insurance program will pay the defined benefit pensions to plan participants, up to the legal limits. 2. Can I call or write to the PBGC now? Prior to the time that the PBGC takes control of the plans, they will not have assigned any personnel to answer your individual questions. However, after the PBGC assumes control of the plans, they will advise you of the procedures to follow. Therefore, you should not be contacting the PBGC with questions until you receive notification from either US Airways or the PBGC that it is appropriate to do so. 3. What does it mean that the PBGC will take control of the plans? The PBGC will take control of the assets of each plan and will be responsible for their future investment. The PBGC will also be responsible for all aspects of the administration of the plans. Therefore, you will be required to send all claims for benefits to
