Originally Posted by
labbats
Everyone respects and thanks the retirees for their work over the years. This isn't a choice for the APA to make. It's a law.
Not only is it the law but the vast majority of retired pilots at AMR have nothing to fear from the filing. Their retirement could be taken in a 100 percent lump sum. Even if they choose a annuity in the A plan if they are over 60 its likely that the PBGC will cover very close to 100 percent of the expected benefit.