Retiree benefits in the Eastern Air Lines bankruptcy

Cover of: Retiree benefits in the Eastern Air Lines bankruptcy |

Published by Congressional Research Service, Library of Congress in [Washington, D.C.] .

Written in English

Read online


  • Eastern Air Lines, inc,
  • Pensions -- Law and legislation -- United States,
  • Postemployment benefits -- United States

Edition Notes

Book details

StatementRobin Jeweler
SeriesMajor studies and issue briefs of the Congressional Research Service -- 1991, reel 8, fr. 0854
ContributionsLibrary of Congress. Congressional Research Service
The Physical Object
Pagination5 p.
ID Numbers
Open LibraryOL15458811M

Download Retiree benefits in the Eastern Air Lines bankruptcy

EASTERN EXPRESS EMPLOYEES PENSION PLAN. View PBGC Maximum Monthly Guarantees for Plans Terminating in EASTERN EXPRESS EMPLOYEES PENSION PLAN. EASTERN EXPRESS. Termination date: Trusteeship date: Aug Participants Number: EASTERN AIR LINES IAM DISPATCHERS.

View PBGC Maximum Monthly. Kimberly Stephens Rowell added a new photo — with Shirley Dempsey Stephens at Eastern Airlines Retirees Assn. May 3, Miami Springs, FL Kimberly Stephens Rowell is traveling to Atlanta, Georgia with Shirley Dempsey Stephens from Eastern Airlines Retirees Assn/5().

Get this from a library. Retiree benefits in the Eastern Air Lines bankruptcy. [Robin Jeweler; Library of Congress. Congressional Retiree benefits in the Eastern Air Lines bankruptcy book Service.]. eastern air lines plan non contract employees Skip to main content Skip to header menu Skip to navigation menu Skip to search Coronavirus Updates: Visit our COVID page for the latest information and resources.

MIAMI — Twenty six years ago, Eastern Air Lines, a carrier with roots dating back toceasedthe brand is gracing the skies again under a new leadership and an entirely different business model.

On this day, we are honored to hear the perspectives of former employees of the original Eastern Air Lines during the hours leading up to that fateful date. Call Mon-Thu EST Fri EST.

Welcome to the hub for benefit plans offered to retirees, spouses, survivors and domestic partners of the airline industry. As an airline industry retiree, you pay affordable group rates negotiated by the buying power of the Airline Retiree Benefit Plan.

Through this site you can learn about and manage your benefits anytime. book last minute hotels/resorts through and if you do not get on your flights, the hotel cost is refundable. go to the website to register free of charge. just make sure to. This guide provides an overview of the benefits available to you for You can find more information about your benefits on the Benefits page of Retiree Jetnet ().

You can also contact the Benefits Service Center at Monday–Friday, 9 a.m.–6 p.m. (CT). BENEFITS 1File Size: KB. Eastern Airlines Retirees Association Quick Facts.

place. Miami Springs, FL Summary. Programs + Results. Financials. Operations. Mission. This organization has not provided GuideStar with a mission statement.

Ruling Year Principal Officer Vito Borrelli. Main Address. S Royal Poinciana Blvd. The earliest incarnation of Eastern Airlines was Pitcairn Aviation, founded inwhich was the U.S. Postal Service contractor flying from New York to Atlanta.

Inthe carrier was sold to North American Aviation owner Clement Keys and was renamed Eastern Air Transport. It soon added passenger routes and adopted the name Eastern Air Lines. Retirees of Braniff, Eastern, Pan Am, Reeve Alleutian, Swissair and SABENA having worked for the airline for twenty consecutive years, be drawing a pension from PBGC or other pension program and be over Fifty.

In addition to the retiree, passes are extended to the spouse of the retiree. The spouse may travel independently from the Size: 37KB. What K Plan benefit do Eastern Air Lines employees get. Eastern Air Lines K Plan, reported anonymously by Eastern Air Lines employees.2/5(1).

Eastern Air Lines was a composite of assorted air travel corporations, including Florida Airways and Pitcairn the late s, Pitcairn Aviation won a contract to fly mail between New York City and Atlanta, Georgia on Mailwing single-engine aircraft. InClement Keys, the owner of North American Aviation, purchasedKeys changed the company's Headquarters: New York City, Dade County, Florida.

Glassdoor is your resource for information about US Airways benefits and perks. Learn about US Airways, including insurance benefits, retirement benefits, and vacation policy. Benefits information above is provided anonymously by current and former US Airways employees, and may include a summary provided by the employer.3/5(54).

They've lost retirement benefits, retiree health care benefits. The people that have also lost are fewer flight attendants who are no longer employed by United Airlines as a result of. © American Airlines Inc., All rights reserved. American Airlines’ CEO is facing heat from retirees who are angry that the company reduced their travel perks.

After merging with US Airways, American put retirees behind current employees of. VEBA, Inc. has partnered with Gilsbar, LLC to administer the Airline Retiree Benefit Plan. Founded inGilsbar® is one of the nation's largest privately-held health and benefits management organizations, delivering world-class service to clients.

> again offer the point Voluntary Retirement > Program.”, Mike said in a memo. > > > Retirement Health Insurance Coverage > Options – > There is a variety of health plans > and subsidies for which many who retire early from Delta > may qualify – > allowing them access to more affordable medical insurance > until age 65 when.

American Airlines manages employee and retiree health benefits. To assist, American Airlines has business relationships with third-party vendors, for example, BCBS, UHC, and WebMD Health Services.

The sharing of health information between these companies is permitted by regulation. United Airlines Retiree Pass Travel Privileges These guidelines are designed to make your stand-by travel experience on United and United Express an enjoyable one.

United retirees enjoy some of the most generous pass travel privileges in the airline industry. Retirees who meet certain age and service requirements at the time they left the File Size: KB. ATLANTA, Ma – Delta Air Lines announced today that it had filed its election to obtain the benefit of the pension funding relief provided in the Pension Protection Act for its defined benefit retirement plan which covers its active and retired ground employees and flight attendants.

When Eastern Air Lines liquidated inhe pointed out, its miles were honored in Continental Airlines’ program.

In that same year, he added, when Pan Am went under, WorldPass members and their miles were folded into Delta’s program. Walter Energy pays between $25 million and $30 million a year in retiree benefits, according to court documents, the majority of which goes to union plans.

According to. EASTERN AIRLINES BANKRUPTCY (A): TEXAS AIR CORPORATION. Early Saturday morning, June 3,Frank Lorenzo, chief executive officer of Texas Air Corporation and chairman of its largest subsidiary Eastern Airlines, gathered his team together in a conference room at the company's New York : Robert F.

Bruner, Michael Del Guidice, Louis Elson. American Airlines CEO Tom Horton updates his employees on the plans to rework the company's operations in bankruptcy protection.

Read Horton's memo to the : Deal Journal. Eastern boss Frank Borman, the former astronaut, is clearly eyeing Continental's initiative of using the courts to force lower pay scales for pilots and all other employees.

Eastern Airlines Retiree Association is located in Miami, Florida. This organization primarily operates in the Business Associations business / industry within the Membership Organizations sector. This organization has been operating for approximately 33 years.

Eastern Airlines Retiree Association is estimated to generate $30, in annual. Eastern Airlines Marketing Training Reunions. likes 1 talking about this. EASTERN AIRLINES MARKETING TRAINING SCHOOL REUNION - Annually in April Atlanta, Ga If Followers: Your Retirement Overview - Legacy American Airlines Employees a retirement counselor’s presentation 4/ The terms of the plan documents govern the benefits and this presentation is intended to highlight those benefits.

If there is a conflict between this presentation and the plan document, the plan document will govern the actual Size: 1MB. (December 1, ) — Did pension plan turbulence cause the crash of AMR Corp, the parent company of American Airlines.

This is the question posed by many in the industry, including Jon Waite, Director of Investment Management Advice of SEI Institutional Group, who notes that the bankruptcy exposes the challenge of providing a legacy benefit in an industry.

Retirement assets are off the table, and the retiree may have little else. Yes, creditors can take the retiree to court, and even get a judgment, but the money may be uncollectable. This is called. Southern Air, Inc. (2nd) and the holding company, Southern Air Holdings, Inc., today (September 28) filed for Chapter 11 bankruptcy protection and reorganization.

The company issued the following statement: To position the company for future growth and success, Southern Air has been taking steps in response to the economic challenges and extreme. © Virtual Eastern Airlines No portion of this website may be reproduced or duplicated without the prior written consent of Virtual Eastern Airlines All logos and trademarks are the property of Eastern Air Lines, Inc.

We’re told that U.S. Bankruptcy Judge Sean Lane has indicated that he expects to issue a ruling on American Airlines retiree health and life insurance benefits in the near future. U.S. Bankruptcy Judge Sean Lane told American Airlines attorneys Tuesday that he expects to rule soon on whether the airline can modify retiree health and life.

Timeline. This is a timeline of airlines who have filed for bankruptcy protection. Also see list of defunct airlines for a list of airlines which are no longer operating. U.S. airlines bankruptcy filings Chapter 7. This is a list of airlines that have filed for bankruptcy protection via.

He later joined a top law firm in Washington DC, which represented Pan American Air Lines during the merger frenzy that preceded the company’s bankruptcy declaration, and later represented an Author: Jerry Isaacs.

On December 9th,AMR Corp exited bankruptcy by merging with US Airways and became American Airlines Group Inc. The time in bankruptcy totaled two years and ten days which is above the average duration for a company in bankruptcy, and it was arguably the most dramatic bankruptcy in File Size: 1MB.

American Airlines has airline tickets, cheap flights, vacation packages and American Airlines AAdvantage bonus mile offers at   Even recent announcements by Delta Air Lines that its workers will share in the airline's profits once it emerges from bankruptcy are suspect, as the plans continue to treat executives as : Charles Leocha.

American's employees aren't likely to be happy either. Under Chap other airlines have been able to negotiate significant concessions with labor unions.

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