Archived News Release — Caution: Information may be out of date.
U.S. Airways, Inc. has paid $2,500 in civil penalties under an agreement with the U.S. Department of Labor to settle a claim that U.S. Airways failed to file an independent qualified public accountant’s (IQPA) report with the 1989 annual report for a Piedmont Airlines/ International Association of Machinist pension plan.
U.S. Airways purchased Piedmont Aviation, Inc., and merged the Piedmont/IAM plan into the Pension Plan for Employees of U.S. Air, Inc. on Sept. 1, 1989. U.S. Airways became plan administrator of the merged plan.
The required IQPA report was to cover the Piedmont plan through Sept. 1, 1989. U.S. Airways eventually did file the required 1989 IQPA report in July The settlement vacates a June 9, 2000, administrative law court decision that ordered U.S. Airways to pay only $1,000 in penalties. That decision was appealed by the department. As a part of the settlement agreement, the department agreed to dismissal of its appeal of the June administrative law judge decision.
(Department of Labor v. U.S. Airways, Inc.
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Archived News Release — Caution: Information may be out of date.
