Yes it is. You must be over 50 yrs, and have submitted your retirement papers.
By the end of each month, you must call your local flt office and tell them "I am not retiring the 1st of next month" or "I am retiring the 1st of next month." If you were locked in, then you can go back and pick the highest B Fund value for the last 90 days. But only from the time you first gave your retirement notice. So some pilots have been locked in for a long time and are calling at the end of each month.
Thus AA never really knows how many might retire each month.
But it's their system and they designed it. With a little help form APA.
Here are the current B fund value.
Some pilots with 30 years have 15,000 units to 20,000 units.
The A fund is currently doing very well in times of economic uncertainty.
And we have a no-match 401K.
B-Fund
$112.383
Adjusted Unit Value for the Pilot Variable Plan (Plan "B")
2006 Year End Audited Unit Value (December 31, 2006) - $116.268
Date Unit Value April 30, 2008 $112.383 March 31, 2008 $106.831 February 29, 2008 $114.642 January 31, 2008 $116.500 December 31, 2007 $125.441 November 30, 2007 $126.370 October 31, 2007 $131.944 September 30, 2007 $128.344 August 31, 2007 $123.235 July 31, 2007 $123.235 June 30, 2007 $127.067 May 31, 2007 $127.880 April 30, 2007 $123.583
This info is for many whom aren't aware of AA's retirement systems.