The prefunding balance information is no longer housed on JetNet. You will need to contact JP Morgan at 1-800-345-2345 for your balance information.
Category: Retiree
Clarification on Retiree Medical
With respect to the question below, I just want to make sure everyone is clear that if a TWU represented employees enrolls in retiree medical prior to 11/1/2012, they will be in the prefunding retiree medical plan, which means they will not automatically get the employee contributions or the company match, since that will be subject to…
Mark Loeber, Retirement Counselor
As your retirement counselors, we are here to assist you in creating a financial picture before you make your retirement decision. The following are items to bring or prepare before you come in to see us for an appointment: Run a pension estimate if you are able to. If you are married be sure to…
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…
Credited Service
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,…
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…
Court Update for July 30, 2012
As you may recall, AMR filed a complaint asking the Bankruptcy Court to declare that none of AMR’s current retirees (both union and non-union) have a vested right to retiree medical benefits. Under ERISA, the health and welfare benefits the debtors provide to current retirees are welfare benefits and that these welfare benefits only vest…
AMERICAN AIRLINES INC. PROPOSAL TO THE RETIREE COMMITTEE TO MODIFY RETIREE MEDICAL AND LIFE INSURANCE BENEFITS 7-6-2012
American Airlines, Inc. (“Company”) proposes the following changes to retiree medical and life insurance benefits: Retiree medical option for age 65 and over will cease. Retirees will be offered access to purchase a guaranteed issue Medicare supplement plan through a third party administrator, to the extent available. Early retirees (non-pilots age 55 – 65 or…