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Judge Allows American Airlines and PBGC to Cancel Lump-Sum Payment Option in Pilots' Pension Plan
Pensions & Investments
Dec. 20, 2012 "U.S. Bankruptcy Court Judge Sean Lane in New York also approved the new labor contract with the Allied Pilots Association, which calls for the company to contribute 14% of pay into a new 401(k) plan. The ruling denied a request from a group of senior pilots who wanted to preserve the lump-sum option." MORE >> |
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