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PBGC and American Airlines Strike Deal on Frozen Underfunded Pension Plans
Pensions & Investments Link to more items from this source
May 8, 2012
"The agreement removes PBGC's threat of litigation as long as the pension plan freezes do not unravel as the airline addresses other parts of its collective bargaining agreements. According to the [PBGC], [American]'s four defined benefit plans have assets of $8.3 billion and liabilities of $18.5 billion, and officials at the agency, which sits on the airline's creditors committee, have pressed American to avoid terminating the plans."

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