Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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How the PBGC Enabled the American/US Airways Merger
TheStreet.com Apr. 21, 2015 "American filed for bankruptcy protection in November 2011. 'On the day that American filed, they announced "we cannot afford our pension plan and we will have to terminate it the way the other airlines did," ' [former PBGC Director Josh Gotbaum] recalled.... The agency began talks with the carrier and its unions about how to preserve the plan by making changes elsewhere in the labor contracts. 'PBGC showed the various unions that there were ways to keep their pensions,' Gotbaum said." |
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