Originally Posted by Tomahawk58

Here's a cut and paste of the official language. Make of it what you will:

Freeze the A Plan on November 1, 2012, no further accruals to the pilot Defined Benefit Plan. Pilots will retain all benefits accrued as of October 31, 2012 (assuming no Plan termination is needed and approval is obtained to eliminate the lump sum and installment payment options in the A Plan; if approval is not obtained, seek court approval to terminate the A Plan).
Freeze the B Plan on November 1, 2012. Final contributions for October pay will be made in November. The B Plan will terminate on November 30, 2012, and no further contributions will be made to the B Plan. Plan valuation will occur as of November 30, 2012 and assets will be distributed in May 2013. Pilots will have choice of rolling balance over to another tax deferred retirement account or taking an annuity or lump sum distribution.
The replacement plan details will be determined at a later date.


So as I mentioned in my earlier post, there IS a replacement plan with details to be worked out at the table. I'm in no way suggesting all is rosy, only that notion that AA pilots are without a retirement plan is blatantly false!