Statement from PBGC Granting American Airline’s Right to Stop Lump Sums

The PBGC grants American Airlines the right to stop paying lump sums under the new regulations available to companies in bankruptcy.

Document Excerpt

Pension Benefit Guaranty Corporation Director Josh Gotbaum released the following statement today on the agency granting American Airlines the ability to stop lump-sum payments under a new regulation for companies operating under bankruptcy court protection:

Link http://www.pbgc.gov/news/press/releases/pr12-36.html?CID=CPAD01ACDEC1420121

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