Feds Pressure American Airlines To Save Pensions - KTUL.com - Tulsa, Oklahoma - News, Weather & Sports

Feds Pressure American Airlines To Save Pensions

Posted: Updated:

DALLAS (AP) - The federal pension-insurance agency is increasing pressure on American Airlines to save its retirement plans instead of dumping its pension obligations.

The Pension Benefit Guaranty Corp. said Tuesday it filed liens totaling $91 million against some assets of the airline's parent company, AMR Corp., which filed for bankruptcy protection in November.

Last week, AMR paid only $6.5 million of a scheduled payment of nearly $100 million for its pension plans.

AMR and its lawyers have raised the possibility that the company might freeze or terminate retirement plans that cover about 130,000 employees and retirees. The company could make its intentions clear on Wednesday, when it presents new contract proposals to its unions.

  • NewsMore>>

  • The Face Of Meth

    The Face Of Meth

    The Face Of MethMore >>

    Channel 8 takes a closer look at a drug that's wreaking havoc on our community: Meth. We talked to experts in the field including undercover agents, medical administrators, dentists, and several recovering Meth addicts to learn more about this growing problem.


    More >>
  • Motorcycle Event To Boost Local Economy

    Motorcycle Event To Boost Local Economy

    Bikers from across the country are making their way into Tulsa for the 37th National Bikers Roundup. This is the first time the event has come to Green Country and it's being held at the Osage Tulsa Raceway Park. Organizers predict the event could generate up to $5 million for our economy.Biker Larry Harris, also known as Wolf Man, is part of the zodiac motorcycle club in kansas city, Missouri. He said the National Bikers Roundup is an event he refuses to miss."This event means we get a chanc...More >>
    Bikers from across the country are making their way into Tulsa for the 37th National Bikers Roundup. This is the first time the event has come to Green Country and it's being held at the Osage Tulsa Raceway Park. Organizers predict the event could generate up to $5 million for our economy.Biker Larry Harris, also known as Wolf Man, is part of the zodiac motorcycle club in kansas city, Missouri. He said the National Bikers Roundup is an event he refuses to miss."This event means we get a chanc...More >>
  • UPDATE: Joe Mixon Held Out Of Football Activities

    UPDATE: Joe Mixon Held Out Of Football Activities

    The freshman running back has not been arrested by the Norman Police Department.More >>
    The freshman running back has not been arrested by the Norman Police Department.
    More >>
Powered by WorldNow

P.O. Box 8 Tulsa, OK 74101-0008

Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and KTUL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.