Originally Posted by
BobZ
it was the manner of their retirement benefits structure that 'saved' (the earned benefit) the APA pilots plan.
unlike their alpa counterparts.
Or perhaps it was the plan being basically fully funded. There were a bunch of other retirement plans besides the pilots at AMR. None were terminated or in real danger of termination. Nine were even close to a distress funding situation and certainly did not meet the "but for test" required by the courts. Quite different then the situation at Delta.