American Airlines Pension Update
June 14, 2019
Dear American Airlines IAM Member:
We are pleased to announce that American Airlines has agreed a rehabilitation plan to strengthen the IAM National Pension Fund and protect your retirement benefits. American and the IAM have jointly agreed to the NPF’s Preferred Schedule of the Rehabilitation Plan. This means that American chose to increase the Company’s financial contribution, to ensure your future monthly benefit at age 65 will not be reduced because of the Rehabilitation Plan.
IAM District 142 General Chairs have been briefed by representatives of the IAM National Pension Plan and will be in the field meeting with members and answering questions over the coming weeks. Contact your IAM District 142 General Chair for more details.
In addition, the IAM NPF has created a video to help explain the Rehabilitation Plan in more detail. If you have additional questions, please contact the IAM NPF directly at 866-262-1296.