Jetnet Retirees Aa (2024)

FAQs

How many years do you have to work at American Airlines to retire? ›

For retirement eligibility, American Airlines uses standard and simplified criteria based on a 65 Point Plan. Simply put, you must have at least 10 years of company service and your age plus years of company service must equal 65 or more when you leave.

You can enroll in retiree medical coverage any time after retirement, up to the age of 65. Call the Benefits Service Center at 888-860-6178 if you miss the annual online retiree medical enrollment window. American reserves the right to amend or terminate the retiree medical plan at any time.

To obtain a Buddy Pass, one must be an American Airlines employee or retiree.

pension – full retirement is earned at age 60 and is reduced 3% per year if you retire earlier (to age 55). Note: The illustration used throughout this document is for a retiree of age 61. Retirement scenarios that do not include a spouse or use ages eligible for social security benefits will result in fewer options.

"Normally, an employee and his or her immediate family members, partners, and/or a designated companion are entitled to complimentary space-available travel." Retired airline employees might also be eligible for such benefits, depending on how long they worked for the company.

10 U.S. Code § 1253: Mandatory retirement age for general and flag officers is age 64.

Thank you for 41 amazing years

As of November 30, 2022, we are no longer accepting new memberships.

Information for senior travelers

Early boarding is available if you need more time or assistance boarding. You must identify yourself to the gate agent to request early boarding. Wheelchair assistance is available to help with long distances at the airport.

American Airlines Benefits

Unlimited space available travel for free for all employees, domestic partners/spouses, children, parents/in-laws (small fee) and 16 buddy passes/year (small fee). Can travel anywhere, anytime on AA, Delta, United and all other partner airlines.

Your American Airlines 401(k) plan generally provides 100% matching company contributions on your pretax and/or Roth 401(k) contributions up to 5.5% of eligible compensation.

What happened to American Airlines pension? ›

American Airlines has transitioned the administration of its pension plans to Fidelity Investments effective Nov 1, 2022. After Nov 1, 2022 to perform any future pension modelings contact Fidelity at netbenefits.com/aa or call the American Airlines Service Center at Fidelity at 800-354-3412.

Take a look at our wide-ranging benefits:

Health Spending Accounts and Flexible Spending Accounts to help you cover the cost of eligible health care and dependent day care expenses. Life, accident and disability coverage. Other benefits, such as auto and home, and group legal insurance.

If you were born in 1960 or later, your full retirement age is 67. You can start taking Social Security retirement benefits as early as 62, but the benefit is reduced by 30% (or less if born before 1960) from the amount payable by waiting until the FRA to claim it.

If you spend four years in college before starting your career at 22, you'll work for 40 years before you can claim your Social Security benefits. The average age of retirement, however, is about 64. This suggests a working career of 46 years is someone who starts at 18, and 42 years for a college graduate.

You must be age 55 with10 years of company service.

Service credit is the time you accrue while on the job under a CalPERS-covered employer. The minimum retirement age for service retirement for most members is 50 years with five years of service credit. The more service credit you have, the higher your retirement benefits will be.