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The latest news from the Jim's PVS Hosting's Team for the AMRRC, Inc.
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American Airlines Pensions: Get the Facts
Wednesday, 22 February 2012 22:37
administrator
American Airlines Pensions: Get the Facts
PBGC Feb 15, 2012
American Airlines has announced it wants to end the pension plans of its 130,000 workers and retirees. The company will ask the bankruptcy court to transfer its pension obligations to PBGC.
Pensions are promises made to working Americans who count on them for a secure retirement. Read more...
Last Updated on Wednesday, 22 February 2012 22:40
We've had a busy week.
Wednesday, 22 February 2012 21:21
administrator
AMRRC, INC,P. O. Box 1178, Bedford, TX 76095
www.amrrc.org
My fellow retirees and pensioners:
The AMRRC Organization is on a fast pace. Our group came together in January and in a short time we have:
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Formed a non-profit corporation for the purpose of protecting American Airlines retiree health care and pension benefits in bankruptcy and elected your officers and a board of directors.
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Hired superior legal counsel and who has prepared a filing to represent American Airlines retirees as a Section 1114 committee in bankruptcy court. We are scheduled to attend a court hearing next week.
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Recognized that what we seek to protect requires immediate action to seek support and protection by lobbying Congress; therefore we joined the only national legislative lobby organization, the NRLN, which specializes in lobbying for legislation that protects retiree health care and income benefits.
Last Updated on Wednesday, 22 February 2012 21:38
Read more...
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PBGC puts up its case against AMR's plan to dump its pensions
Saturday, 18 February 2012 04:48
administrator
PBGC puts up its case against AMR's plan to dump its pensions
By Terry Maxon - Dallas Morning News - 6:00 AM on Fri., Feb. 17, 2012
The Pension Benefit Guaranty Corp., which is waging a public campaign to keep AMR from dumping its four pension plans, has put up a webpage stating its case. "American Airlines has announced it wants to end the pension plans of its 130,000 workers and retirees. The company will ask the bankruptcy court to transfer its pension obligations to PBGC," the agency says on its page. Read more...
White House budget targets carried interest, PBGC premiums
Tuesday, 14 February 2012 21:48
administrator
White House budget targets carried interest, PBGC premiums
By Hazel Bradford P&I - Feb 13, 2012
President Barack Obama wants to eliminate the lower carried-interest tax rate paid by general partners in private equity and other alternative investments as part of his $1.5 trillion fiscal year 2013 budget proposal sent to Congress on Monday. Read more...
Last Updated on Wednesday, 15 February 2012 05:00
AMR News 02/10/2012
Friday, 10 February 2012 10:21
administrator
AMR, Unions Discussing Fate of 13,000 Jobs
Unions expected to present alternatives next week
NBCDFW - By Ray Villeda | Friday, Feb 10, 2012
The negotiations process is now beginning between AMR Corp. and its unions, and 13,000 jobs are at stake. Both sides discussed protocols with mediators Thursday. The company and the unions went over the financial picture... Read more...
AMR creditors pushing for merger?
The Deal - by Lou Whiteman | Published February 9, 2012
Certain unsecured creditors of AMR Corp. reportedly want the bankrupt parent of American Airlines Inc. to explore a potential merger with US Airways Group Inc. or another carrier instead of trying to emerge as a standalone carrier. Read more...
Last Updated on Friday, 10 February 2012 10:24
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PBGC & AMR Unions - News 1/31/2012
Tuesday, 31 January 2012 23:51
administrator
U.S. Agency Ramps Up Its AMR Pension Fight
BY MICHAEL CORKERY WSJ -JANUARY 31, 2012
The government agency charged with protecting corporate pensions is ramping up its fight with the parent company of American Airlines, filing liens against many of the airline's international assets. Read more...
American Airlines to lay out cuts to unions
By Chris Isidore @CNNMoney January 31, 2012: 9:48 AM ET
NEW YORK (CNNMoney) -- American Airlines' parent is meeting with its unions this week to lay out cost cuts it wants to implement as part of its bankruptcy reorganization -- moves that could cost many of the company's 81,000 workers their jobs and a portion of their pension benefits. Read more...
Last Updated on Tuesday, 31 January 2012 23:56
Saving Retiree Health Plans
Saturday, 28 January 2012 14:37
administrator
Saving Retiree Health Plans
By ELLEN E. SCHULTZ,
WSJ - WEEKEND INVESTOR
JANUARY 28, 2012
More companies in dire financial straits are pulling the plug on retiree health-care benefits—dealing a blow to everyone from hourly union employees to upper management...
Read more...
Last Updated on Saturday, 28 January 2012 14:39
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