AMR Insists It Be Allowed To Eliminate Lump-Sum Pension

Law360, New York (December 17, 2012, 2:22 PM EST) -- AMR Corp. responded Monday to objections to its bid for permission to eliminate lump-sum pension payments for pilots by reiterating its argument that the availability of the lump-sum option upon its emergence from Chapter 11 would cause an “operational crisis.”

In an omnibus response filed in New York bankruptcy court to objections to its motion for a finding that American Airlines Inc.'s pilot retirement benefit program fixed income plan can eliminate the lump-sum benefit form, the parent company argued the move was necessary to avoid termination...
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