American Airlines offers to freeze rather than terminate pensions

Published Updated 3 Min Read

IMGCAP(1)]

March 7 (Reuters) – AMR Corp, the bankrupt parent of American Airlines, on Wednesday proposed a plan to freeze pensions covering many of its workers, retreating from an earlier proposal to terminate them and leave them to government insurers, which could result in lower payouts.


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form