brak,
Eff. Nov. 1, all Pension contribution goes away to include any matching of self provided funds. This in contrast to the Management fund which was bifurcated from the same plan almost 15 years ago and placed in a trust.
This looks like another EAL or PAA type situation akin to a divorce after decades of fighting, false promises, and unmet expectations. Adding in the hard press to toss out any pre-nuptial agreements (retirement & work conditions) questions the ability to recover.
It's the quintessential tri-partite airline destruction. Both Management and the union to blame and to a lesser extent the baggage of AA's legacy structure.
A lot in common with QF.
Cheers
Last edited by Clipper811; 1st Oct 2012 at 17:15.