stlflyguy
UL Listed
- Joined
- Sep 21, 2003
- Posts
- 312
The last week or so has revealed that AA may furlough in the near future.
Also revealed was that the A-Plan will be less than 80% funded, prohibiting lump sum distributions to retirees. It'd take more money than the company wants to spend (+$1 bil?) to keep the level above 80%.
I'm still out on furlough, though thankful that I wasn't caught in the middle between two jobs.
Any information from those "on the property?"
Thanks.
stlflyguy
Also revealed was that the A-Plan will be less than 80% funded, prohibiting lump sum distributions to retirees. It'd take more money than the company wants to spend (+$1 bil?) to keep the level above 80%.
I'm still out on furlough, though thankful that I wasn't caught in the middle between two jobs.
Any information from those "on the property?"
Thanks.
stlflyguy