AA and Pension Plan


Dec 21, 2002
I think with the recent proposals in the pension plans changing to a cash balance plan, AMR, like most companies will follow suit. This is the government's way of relieving corporations of their obligations in their underfunded plans. Employees in their 40s, 50s and 60s with a good number of years at AA stand to lose as much as 40% of their pensions if this goes through.
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