American’s Risky Retirement Proposal

March 29, 2018 Admin 0

03/29/2018

The TWU-IAM Association bargaining committee is committed to fighting for industry-best retirement security. Aside from frozen pension and PBGC benefits that apply to pre-merger employees, today’s retirement benefits for Legacy American Airlines Association members come in the form of a 401(k) with company matching contributions while Legacy U.S. Airways Association members have a Defined Benefit Plan and a 401(k) with no matching contributions. Both retirement plans now lag behind industry standards and require improvement. The company’s proposal, however, fails to provide the retirement security that we deserve.

Steve Johnsen’s proposal falls short of industry-leading and even fails to reach … Read More...