About PBGC

On February 1, 2012, American Airlines announced it would seek to terminate all four of its pension plans.  But the law is clear:  If the company wants to end the plans, it must prove its case. 

Here’s a fact sheet that clears up some big misconceptions: http://www.pbgc.gov/wr/other/pg/american-airlines-pensions--get-the-facts.html

Here’s a Chicago Tribune story based on an interview with PBGC Director Josh Gotbaum:  Pension insurer doubts need of American Airlines parent to terminate defined benefit plans