US agency: AMR will seek to end worker pensions

Full story: Reuters

Stocks fell on Tuesday as optimism over a possible deal by Greece in its debt wrangling dissipated after a batch of weaker-than-expected economic reports.

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Learned Fellow Seattle, WA	Reply » \| Report Abuse \| Judge it! \| #1 Jan 31, 2012 TerrIble the way American and United States business and corporations treats it's old people and refugees with tacit government approval I might add.
RWG Cross Plains, IN	Reply » \| Report Abuse \| Judge it! \| #2 Feb 1, 2012 I'm just amazed American didn't stop paying into the retirement plan the first day they filed Chap 11.
GOV On hook for Billions Los Angeles, CA	Reply » \| Report Abuse \| Judge it! \| #3 Feb 5, 2012 The PBGC says that according to its preliminary estimates, it would be liable for a total of about $17 billion in benefits. Taxpayers are on the hook for 17 billion dollars of pension guarantee benefits. Those expecting pensions in retirement would only get less than 50% of their expectations and contributions.
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