Originally Posted by slowplay

Bad info.

I know you weren't here for the DAL pension termination, but it doesn't work that way. AMR will have to prove to the bankruptcy court and PBGC that "but for" the pilot pension they will be unable to reorganize. That's a pretty high standard. There is no provision to voluntarily terminate a pension that's underfunded. APA could remove it from their contract, but pre-filing benefits earned would still be protected by ERISA.