SOCIAL SECURITY COST OF LIVING ADJUSTMENT

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COLA - 2020

A cost of living adjustment (COLA) will increase Social Security benefits by 1.6% in 2020, an average of about $24 per month for individuals.


The COLA will boost the average Social Security retirement benefit 

for a single person by $288 per year. 

LAA AND LUS PENSION PLAN INFORMATION & LIFE INSURANCE

PENSION FUNDING NOTICES

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ANNUAL PENSION FUNDING NOTICES

 __________________________________________ 


If you qualify (vested) in an AA Pension Plan, 

ensure that AA has your correct and current mailing address on file.


ANNUAL PENSION FUNDING NOTICES 

are mailed annually in April.

 

QUESTIONS ABOUT PENSIONS

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QUESTIONS ABOUT PENSION PLANS

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If you need to inquire about the details of your AA Pension Plan - 

Call (800) 447-2000   


Select (2) for the Retirees Menu, 

then follow the Prompts to Pensions.


LUS will be directed to the PBGC.


PILOTS are directed to their specific area.


All Other Retirees;  LAA, AMS, FA, TWU 

will be directed to AA's Pension Administrator. 

_____________________________________


EMAIL ASSISTANCE for Pensions

Retirement.Services@aa.com




TAX INFORMATION CHANGES

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UPDATES TO CHANGE OF RESIDENCE

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If you are receiving an American Airlines pension and you change your state of 

residence, you may need to make changes to your state withholding allowance.

 

You can make this change through the 

 AA Pension Service Center 

(800) 447-2000


For the Pilot Pension Plan you will need to make the tax change by email. 

Retirement.Services@aa.com


_______________________________________

HR Services – State  Street Bank

1-844-543-5747    

1-888-548-4455

1-800 447 2000 


To Contact State Street Bank (Directly)  

617-985-1662 


2019 CONTRIBUTIONS

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 10-K  FILING


American Airlines Group Inc., 

expects to contribute $807 million 

to its pension plans in 2019. 


ALLOCATIONS

The discount rate used to calculate benefit obligations was 4.4% as of Dec. 31, 2018 up from 3.8% as of Dec. 31, 2017.


As of Dec. 31, 2018 the pension plans 

had an allocation of 59.3% equities, 

23.7% fixed income, 16.3% alternatives, 

0.5% dividend and interest receivable, 

and the remainder in cash and the net amount due to/from brokers for the sale of securities.

ASSETS & OBLIGATIONS

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 2019 CONTRIBUTIONS

Of the $807 million, $786 million is required and the remaining $21 million 

is discretionary. 


2018 CONTRIBUTIONS

The company contributed $467 million 

to its pension plans in 2018.


ASSETS

As of Dec. 31, 2018, AA had $10.1 billion in total defined benefit assets.


OBLIGATIONS

As of Dec. 31, 2018, AA had $16.4 billion in benefit obligations for a funding ratio of 61.6%, down from 62.4% at the end of 2017.


 U.S.  - vs -   INTERNATIONAL PENSIONS

The 10-K filed did not provide a breakout 

of U.S. vs. international pension plans.

RETIREE LIFE INSURANCE

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AA Benefits Service Center 1-888-860-6178  (MON-FRI)  9 a.m. -  6 p.m. (CT) 


LEGACY  AA  RETIREES 

who retired on or before  November 1, 2012 (date of bankruptcy filing) are eligible for Retiree Life Insurance. 


The amount of eligible life insurance may 

vary based on your retirement date, work group, union or non-union, and other  factors.  

 

Those who retired after 11/01/12, do not have a continuation of their company life insurance.


It important that your personal contact and BENEFICIARY information is up-to-date with AA.   Otherwise, payment of the life insurance benefit will NOT be made at the time of the retiree's death.