1080 KRLD 'Your Hometown' live today from Globe Life Park in Arlington | Your Hometown Stories | Listen Live

Feds: American Airlines Underpaid On Pensions

DALLAS (AP) – Federal officials say that American Airlines contributed only $6.5 million of the $100 million it was supposed to pay into employee pension plans this week.

The Pension Benefit Guaranty Corp. called the underpayment “a disturbing development.

American and its parent company filed for bankruptcy protection in November. The director of the pension-insurance agency has warned American not to terminate its pension plans.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

More From CBS Dallas / Fort Worth

Drip Pan: CBS Local App
Drip Pan: Weather App
Drip Pan: Video Player

Listen Live