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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
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