The inflation-adjusted rate which is set by a formula that measures inflation overdefined consecutive six-month periods (the current inflation adjustment is 4.6%).
"Portfolio managers' bonuses could be conditional on their performance over a defined period, for senior managers, a minimum of three years, " he said.
If approved by bankruptcy court, the airline would turn over its defined benefit pension plans to the Pension Benefit Guaranty Corporation (PBGC), a federally chartered agency that insures private sector pensions.