We understand the importance of planning for your financial future and are committed to providing you with tools to help prepare for retirement. In negotiations, we would like to look at ways to modernize our retirement plans to more closely align with what the industry and other large companies are providing.
American's consistent and conservative approach to investing as well as its relentless focus on its pension commitment has allowed it to maintain defined benefit pension plans for 128,524 participants.
Since the beginning of 2002, the company has contributed more than $2.1 billion to its plans, underscoring its commitment to employees and standing in stark contrast to U.S. network airline competitors that have terminated or frozen their employee pension plans in bankruptcy court. In fact, American and Continental are the only two major carriers that still have defined benefit plans for flight attendants.
Flight Attendant Defined Benefit Pension Plan
AA |
CO |
DL |
UA |
US |
NW |
B6 |
WN |
FL |
|---|---|---|---|---|---|---|---|---|
YeS |
yes |
FROZEN 2005 |
TERMINATED 2005 |
TERMINATED 2005 |
FROZEN 2006 |
NO plan |
NO plan |
NO plan |
