"Congress limited the size of pensions the PBGC can pay for, so AMR retirees should expect their pensions to be dramatically cut"

"Retirees of American Airlines parent AMR Corp.
could lose $1 billion in benefits
if the bankrupt carrier decides to end its four pension plans...

AMR's pension plans cover almost 130,000 participants,
but collectively had just $8.3 billion in assets
to cover about $18.5 billion in benefits...