Friday, January 23, 2009

Divorce and your pension at American Airlines


Another week closer to spring and the sounds of love will be in the air. And that is what this weeks

Working Mans Blue Collar Blog

Subject of the week ....

Little known fact at American Airlines ....

Say you and your wife have been married twenty years and you have worked at American Airlines for twenty years. You come home one day and your spouse tells you they want a divorce. She is entitled to half your pension based on 20 years.

So you go to court and everything is "said and done" it is in the divorce decree. When you retire she will get her/his half based on 20 years. Then say for some reason she dies the next day after the divorce is final. What happens to that 20 years of your pension ?

If you think it goes back to you THINK AGAIN !!

No American Airlines KEEPS IT. That's right. Here you are still working and now the last 20 years of service you only get half of it !!!

2 comments:

The Accomplice said...

What, thats crazy! Another way for big business to keep your cash.

Anonymous said...

Isn't that the way all companies do it? That is the way some companies do the death benefit also. If hubby dies I get half his pension. The company keeps the other half.