A Summary Plan Description (SPD) is a summary of the benefits provided by one (1) or more plans. This summary must include all information required by ERISA, including a description of the benefits, eligibility requirements, funding arrangements, claims procedures, and participant rights under ERISA. You should refer to the SPD and Plan Document for questions…
Day: September 10, 2012
50-55 Age Rule from Jetnet.aa.com
If you are at least 50 years of age, but not yet 55 years of age and have at least 15 years of company seniority at the time you separate from the Company, you can be deemed a retiree at the age of 55 if you meet retiree eligibility as defined in the retirement section…
Travel Privileges on 50-55 Rule
50-55 Age Rule As of March 26, 2003, if you are at least 50 years of age, but not yet 55 years of age and have 15 years of company seniority at the time you leave the Company, you will be eligible for retiree travel privileges at age 55. If you leave the Company before meeting…
Eligibility for Retirement Benefits
55 and over – if you voluntarily leave the Company or involuntarily leave the Company due to a Reduction in Force – 10 or more years of company seniority Eligible for retiree status Yes Eligible for retiree medical benefits Yes** Eligible for retiree life insurance coverage Yes Eligible for retire travel privileges Yes Eligible…