Originally Posted by
swaayze
New pension regulation yesterday would allow AA to freeze the plan and end the lump sum provision in certain cases. 60 day comment period prior to implementation, so I'd expect many retirements in the next 2 mos.
I don't know where you guys come up with this stuff!
Look the A-fund will be frozen versus terminated. Why would anyone rush to the exit?
The B-fund still has a lump sum feature and even if we move to the new DC plan, it's in the 401K plan and you can take it all upon retirement. Why would anyone rush to the exit?
Both the company and US have proposed pay raises plus the company (AA) has up the ante with a 13.5 percent equity stake in the emerged AA. Why would anyone rush to the exit?
The senior guys will remain senior no matter who eventually lead the company.
This is all wishful thinking to believe we'll see a mad rush for the exits.
I do believe the senior captains over 60 will make an informed decision about whether they keep working or have decided its time to relax. But there won't be any sudden run on the bank here.