When a participant is eligible to start receiving their pension it is determined by age and years of Retirement Eligibility Service when the employee terminates (see chart below). Credited Service is used to determine the amount of benefit along with the Final Average Salary to the date of plan freeze. When the plan is frozen,…
Category: American Airlines
Eligibility for Retiree Travel Privileges
If your company seniority date is on or before July 31, 1996, you may be eligible for retiree travel privileges when you leave the Company if you have five (5) or more years of company seniority with the Company and have attained at least 55 years of age. If your company seniority date is after…
Prefunding
The prefunding for Maintenance & Related and Stores are still in effect at this time. The indication from the company is that prefunding will cease near the end of the year or possibly earlier. This means that if you were to retire this year, you are entitled to retiree medical until the program is terminated.…
M&R Early Out letter – August 29, 2012
As most of you know we are looking at September 12, 2012 as the date our M&R and Stores agreements are approved by the court. We have been waiting for the Company to finalize their ‘transition’ plan – so we can identify the actual timeline for the movement of work to TUL and DWH and…
Stores Early Out Letter from the ATD – August 29, 2012
As most of you know we are looking at September 12, 2012 as the date our M&R and Stores agreements are approved by the court. We have been waiting for the Company to finalize their ‘transition’ plan – so we can identify the actual timeline for the movement of work to TUL and DWH and…
Debtors’ Motion in Limine to Limit Scope of Hearing on Renewed 1113 Motion
0n August 23, 2012, the company filed a motion with the bankruptcy court seeking an order to limit the scope of evidence that may presented at the renewed hearing scheduled for September 4, 2012, to reject the collective bargaining agreement with the Allied Pilots Association. The company is seeking to limit evidence only to the…
AA Bankruptcy Update
Court Update Today, the debtors (American Airlines) filed a motion seeking court approval and authorization of the recently ratified new collective bargaining agreements (CBA’s) with the TWU Mechanic & Related and Stores employee groups. The agreements reached, came about after an extensive proceeding under section 1113 of the Bankruptcy Code, a lot of hard work…
AMR filed a renewed motion for 1113 relief against the APA on August 17, 2012
The motion is scheduled for hearing on September 4, 2012. Memorandum In Support Of Renewed Motion Pursuant To 11 U.S.C. § 1113 Authorizing Debtors To Reject Collective Bargaining Agreement Renewed Motion Of Debtors For Entry Of Order Pursuant To 11 U.S.C. § 1113 Authorizing Rejection Of Collective Bargaining Agreement With The Allied Pilots Association Declaration…
Flight Attendants in Favor of American Airlines’ Contract Offer
The bankruptcy laws of this country were set up to protect corporate assets and not people. Placing their futures into the hands of the bankruptcy court would have been a costly mistake for flight attendants. Like ground workers represented by TWU, APFA’s members knew that they could not rely on a court decision for a…
1114 Retiree Court Update for August 16, 2012
As you may recall, on July 6, 2012. AMR filed a complaint asking the bankruptcy court to declare that none of AMR’s current retirees (both union or non-union) have a vested right to retiree medical benefits. AMR asserts that under ERISA, the health and welfare benefits the debtors provide to current retirees (including TWU retirees)…