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Monday, 05 December 2011
US firm AMR (parent of American Airlines) soon will tell its 130,000 employees whether the decision to enter Chapter 11 bankruptcy means it will unload its pension funds; the Pension Benefit Guaranty Corp (PBGC) says AMR's four plans are US$10 billion underfunded, even though the four plans have US$8.3 billion in assets.
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