Why no 1114 decision, months after hearing?

[TWU informer]

"No Union Representative on the Retiree Committee has suggested to either AA or the Judge to use the active employees company match to fund the retirees future medical coverage. Nor have the Supplemental Assets which are in a VEBA Trust, fully funded by plan participants with no AA contributions, and must be used only for the benefit of the participants, been distributed. In case you don’t know it, the Supplemental Insurance Plan continues thru 2013.

If you have any documentation to the contrary, share it with us. I know you can’t because it doesn’t exist"


I made a statement and rather than respond by posting proof that my statement wasn't true, all you can do is attack me personally . You don't know me but your actions tell me all I need to know abut you.

Fine, but can you answer Judge Lane still has not made a decision? Bickering over who said what is pretty much worthless, what about the current facts?

 

[Bob Owens]

"No Union Representative on the Retiree Committee has suggested to either AA or the Judge to use the active employees company match to fund the retirees future medical coverage. Nor have the Supplemental Assets which are in a VEBA Trust, fully funded by plan participants with no AA contributions, and must be used only for the benefit of the participants, been distributed. In case you don’t know it, the Supplemental Insurance Plan continues thru 2013.

If you have any documentation to the contrary, share it with us. I know you can’t because it doesn’t exist"
What action s has he taken?


I made a statement and rather than respond by posting proof that my statement wasn't true, all you can do is attack me personally . You don't know me but your actions tell me all I need to know abut you.

 

[Buster CRC]

From Apfa update

 
1114 COMMITTEE UPDATE
There are currently no additional hearings scheduled in the 1114 Adversarial Proceeding, which is the proceeding that addresses the Company's position that they can make unilateral changes to the retiree medical benefits without bankruptcy court permission and do not need to file a Section 1114 motion to modify benefits. The Company has filed a motion for summary judgment in the 1114 Adversarial Proceeding asking the bankruptcy court to conclude that the Company may make changes without first holding a trial. Judge Lane has not indicated that he will be ruling on the motion anytime soon.  

Under the proposed plan, there will not need to be a resolution to this issue before American can exit bankruptcy and the plan contemplates that the pending 1114 Adversarial Proceeding can continue after the effective date. Once the company exits bankruptcy, however, if it does not prevail in the adversary, it will not be able to file an 1114 motion asking the court to order modifications to retiree benefits.  

The company has indicated they want to exit bankruptcy in the third quarter of this year. The APFA and the 1114 Committee stands ready to negotiate a fair and acceptable resolution at any time. Unless and until there is a change to the current status quo, retirees covered under the 1114 process continue to have the full retiree medical benefits they had before the bankruptcy. If AA exits bankruptcy without the filing of an 1114 motion, our remaining pre funding money should be returned.

 

[AANOTOK]

Did the Judge misplace the paperwork?

 

[MCI transplant]

Don't knock it Son!-------- The longer he screws arround, the longer we'll be covered!

 

[AANOTOK]

Thank you Father!

 

[MCI transplant]

Thank you Father!

LOL!----- Yea! I guess I steped into that one, didn't I? ------But what tees me off is that a company that is making money,, with $6 Bil.+ in the bank, would have the balls to come before a B/K Judge and say, " we need to take away our retirees medical, that they paid for, to survive !"------- All you arm chair Lawyers out there, tell me!------ Can they, or can't they, exit B/K without settling this issue?

 

[TWU informer]

LOL!----- Yea! I guess I steped into that one, didn't I? ------But what tees me off is that a company that is making money,, with $6 Bil.+ in the bank, would have the balls to come before a B/K Judge and say, " we need to take away our retirees medical, that they paid for, to survive !"------- All you arm chair Lawyers out there, tell me!------ Can they, or can't they, exit B/K without settling this issue?

Looks to me like they get whatever they want.

 

[eolesen]

LOL!----- Yea! I guess I steped into that one, didn't I? ------But what tees me off is that a company that is making money,, with $6 Bil.+ in the bank, would have the balls to come before a B/K Judge and say, " we need to take away our retirees medical, that they paid for, to survive !"------- All you arm chair Lawyers out there, tell me!------ Can they, or can't they, exit B/K without settling this issue?

It's entirely possible AMR could exit bankruptcy without addressing retiree health. I'd be willing to bet that AA's always had the power to modify or cancel retiree coverage outside of court, but needed the consent of the unions to do so.

Under S.1114, it could be done without the unions input.

When solvent companies like 3M, Dupont and Phizer are dropping retiree health, it's hard to argue that a company operating on razor thin margins or in bankruptcy should be forced to do so.

http://www.dol.gov/ebsa/publications/retiree_health_benefits.html

 

[OldGuy@AA]

It's entirely possible AMR could exit bankruptcy without addressing retiree health. I'd be willing to bet that AA's always had the power to modify or cancel retiree coverage outside of court, but needed the consent of the unions to do so.

Under S.1114, it could be done without the unions input.

When solvent companies like 3M, Dupont and Phizer are dropping retiree health, it's hard to argue that a company operating on razor thin margins or in bankruptcy should be forced to do so.

http://www.dol.gov/e...h_benefits.html

Wow. This is actually true. AA always had the option of cancelling the retiree coverage but they would have to refund our half plus interest and the half they matched plus interest. They went to the judge to get to keep the company match. I believe Bob Owens said it was 50 something million dollars. Of course $20 million is earmarked for Whoreton.

 

[MCI transplant]

Wow. This is actually true. AA always had the option of cancelling the retiree coverage but they would have to refund our half plus interest and the half they matched plus interest. They went to the judge to get to keep the company match. I believe Bob Owens said it was 50 something million dollars. Of course $20 million is earmarked for Whoreton.

So are your saying that not only do they want to take the health care away from those who need it most, the retirees, but they also want to rob them of what is rightfuly theirs? -------- Now, if what your saying is true, and the Judge was to do nothing, how to you think this would all play out?

 

[Barfbag]

So are your saying that not only do they want to take the health care away from those who need it most, the retirees, but they also want to rob them of what is rightfuly theirs?

Sorry chap, we lose again.

 

[MCI transplant]

Sorry chap, we lose again.

Sorry to disapoint you Barf, but I fought for this country, So did my Father before me. It's not about winning, or losing! It's about doing what is right! And right now, I'm not too proud of what we've become!!! [background=transparent][background=transparent][background=transparent]The most honest three and a half minutes of television, EVER... - Safeshare.TV[/background][/background][/background]

 

[Bogey]

Wow. This is actually true. AA always had the option of cancelling the retiree coverage but they would have to refund our half plus interest and the half they matched plus interest. They went to the judge to get to keep the company match. I believe Bob Owens said it was 50 something million dollars. Of course $20 million is earmarked for Whoreton.

They didn't go to the judge to get the match. None of the court documents bear that out. They just want to do away with it. The employees will get their money (match).

 

[MCI transplant]

They didn't go to the judge to get the match. None of the court documents bear that out. They just want to do away with it. The employees will get their money (match).

Bogey, your not getting it! The retired employees out there don't want the money! They want what was promised them, "THE COVERAGE!!!! "--------- So, the longer the Judge sits on his hands and does nothing, the more those hospital bills get paid!!!! And for some, that could mean one hell of a lot!!!!