A friend of mine retired from AA in July. He had to wait 60 days for his lump-sum payout check to be cut (which it was on Oct 1).

Does anyone know if the bankruptcy will affect those who elected to retire in Aug or Sept since their payouts have yet to be made? Also, what about those pilots who decide to jump ship now, after the BK notification?

Shouldn't. I know of one guy who retired October 1 and he reported yesterday that his A and B lump sums were deposited into his personal account yesterday.

EXTW

How many retired on Dec. 1 and will they get theirs?

I do not believe they will

Unfortunately not--clipped this from another forum


Yesterday morning, I woke up to learn that American Airlines filed bankruptcy.* I pulled up the New York Times, and sure enough – top story.
Now, to you, this probably isn’t a big deal.* Another huge corporation bites the dust. Err wait, no – “restructures”.* But, it doesn’t really affect you.* If I were in different shoes, I wouldn’t think much of it either.
However, it just so happens that my dad flew for American Airlines for 24 years.* That name, American Airlines, has had major personal significance all my life.* I grew up wearing sweatshirts with their logo.* And, earlier this very month – two weeks ago, in fact – my entire family ventured to Chicago to hop on a 7:40am flight to LAX on my dad’s retirement flight.
We had a really special experience.* We bought Starbucks muffins for every passenger, my dad stood in the aisle and gave a 3-minute speech about being grateful for his career, loving his family, and how he’s going to miss the crew members.* Everyone clapped, and then they shook his hand as they walked off the plane – and that was after two fire trucks gave my dad the “water canon salute” as he taxied the plane into the terminal.
It was a proud moment for all of us.
And then I heard the news yesterday morning.* My dad got out right at the nick of time, right?* Well… not exactly.* You see, retirements at American don’t actually lock into place until the first day of each month – meaning, my dad was technically 48 hours away from his official retirement.* And, so were 150 other senior pilots who [thought they had] retired this month.
You see, by filing for bankruptcy on November 29, American Airlines “saved” itself about $100 million – and by “saved”, I really mean “stole” – from the people who have worked hard and been loyal for years and years.* The executives knew exactly what they were doing.* And, they made that decision.
My dad lost a great deal yesterday – including his morale – and will be going back to work at American Airlines.
I’ve never been in the shoes of those executives.* I’m confident that they face some tough decisions.* But, when it really comes down to it, they made a decision that cost loyal, hardworking people so much – and much as a result of their own poor management decisions.

To tag onto that post, I found this article below. No matter what you think of Arpey, from what this writer could tell there was a moral feeling with Arpey regarding bankruptcy and obligations to employees.

Arpey left AMR because he viewed it as immoral for the company to file and not live up to the promised obligations to both the employees and stakeholders. In addition, he declined his severance package when he left AMR.

http://www.nytimes.com/2011/12/01/op...ml?_r=3&src=tp

APA: No lump sums for retiring American Airlines pilots now



Terry Maxon/Reporter <A href="http://aviationblog.dallasnews.com/authors.html#Terry Maxon/Reporter" rel=internal>

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6:42 PM on Wed., Nov. 30, 2011 | Permalink




American Airlines had an abnormally high number of pilots retire recently as the stock market declined and fears about an AMR/American bankruptcy rose.
Pilots worried that AMR would file for bankruptcy headed out the doors, and took their pension from Plan A, the defined-benefit plan, as a lump sum.
It appears they may have made a wise choice. With American's and AMR's filing of bankruptcy papers Tuesday, that option is now foreclosed. Here's what the Allied Pilots Association advised its members Tuesday evening:Between Sept. 1 and Nov. 1, 2012, 308 pilots retired, or more than 100 a month. A lot of them took lump-sum distributions from the Plan A pension plan. By comparison, about 11 pilots on average retired each month in 2010.

Did anyone actually retire on dec 1st?

Anyone who retired Nov 1st and later is unfortunately considered a creditor. Even Aprey at this time is considered a creditor.

It really chaps my arse to hear of this story about the retirement flight. My heart goes out to him and the 1000's of others that are effected by this.

Sorry to hear this. Good story though.