2015 AMT Discussion

[swamt]

ALL TWU MEMBERS............
What the following video. This will be everyone of us and current retiries if IAM is able to take over our pension fund.
 
http://www.wxyz.com/news/region/detroit/pension-cuts-could-be-coming-for-retired-teamsters

 
 

http://money.cnn.com/2015/10/20/retirement/pension-fund-cuts/

 
 

Go read the 2014 Way and Means report on multi-employer pension funds whihc backs up the 2012 Credit Suisse report. The current ERISA method is flawed and that is waht the reports state. The existing actuary tables overvalue the multi-employer plans. When using fair market value methods the fund is underdunded by $5.5B. The IAM needs to keep their hands off the TWU DBP and not suck us in to their plan. I would rather have a a higher 401(k) defined contribution, chose my own investment strategy, and get a good match for my contributions. TWU members don't want the IAMNPF and the risks that come from multi employer plans. You can keep it.

 
 

I agree with overspeed as well as many TWU employees. You can keep your IAMNPF, we do not want any paty of it.

Chuck, I too agree with overspeed's post.  You guys really do need to get into the 401K with match. Screw all these pension plans. No employee has any control what-so-ever over their pensions. With 401K employee can get in and out, sell and hold, trade, increase input, decrease input, or stop it all together on a temp basis.  401K gives way more control by employee than the pensions will ever have.
BTW in the stories above one says that retirees will lose about 50% of their benefit payout, but in the example he quotes an example of the guys pension payments will go down to about 1,200.00 per month being reduced from 2,900.00 per month.  Simple math tells me it's more like 60% reduction and alot closer to the 2/3's range of a cut not half as reported.  So sad to hear about all this but it is the teamsters plan that is doing the worse off, and this is the 2nd reduction forced upon the members with no say so what-so-ever.  The very exact same thing can and will happen to the IAM's pensions as they continually allow companies to reduce head count and the pensions continue to lose participants from using the pension plans.  It won't be long and all pensions will be history.  You guys need to run like crazy from it, the same will happen to you guys when you retire, after about 1-3 years after you retire they will announce that they are cutting your benefits by more than 50% and there is nothing you can do about it, just wait it's coming...

 

[Traymark]

My fear is they try to split us by age. 50 and above 401K. 49 and younger IAMNPF. Much like they tried in the 2010 failed contract. I want NO PART of the IAMNPF.

They might, I think the Association has heard the LAA members on this issue loud and clear.

I believe $2 per hour comes out of LUS pay and goes toward the IAMNPF.
Give me those money's and enhance my 401 match instead and keep me far, far away from the IAMNPF.

 

[AA-MRO.COM]

Leave the language alone give us the delta plus three. Everyone can still go to work not giving a rats arse and at least you will be making a little more money. Create overtime until we get some better language until then business as usual

 

[DallasConehead]

Leave the language alone give us the delta plus three. Everyone can still go to work not giving a rats arse and at least you will be making a little more money. Create overtime until we get some better language until then business as usual

^^^^^^^^^^+1000

 

[Deleted member 14439]

Leave the language alone give us the delta plus three. Everyone can still go to work not giving a rats arse and at least you will be making a little more money. Create overtime until we get some better language until then business as usual

Delta+3? Really? Are you letting the company back off the Delta+7 that easily? Have you forgotten about the 4% everyone except us received last December? All that aside, if the association comes back with Delta+7 that is not a win. The company is on record multiple times offering Delta+7. I want to see the association do much better than simply taking what is already offered.

 

[Overspeed]

Based on GP's letter it's going to be a while. The Company is thinking money and tweaks to the current CBAs to get to JCBA. The Association is thinking full blown negotiations that gets us back to pre-BK & 2003 concessions. Great goals but keep in mind the current TWU CBA is amendable Sept 2018. Since the company has a CBA in place until that date and we couldn't even ask for release until after the amendable date, is now the time to demand everything back? Does the union have a short list of 'must haves' that they aren't showing us for JCBA? Should we ready ourselves for a years long process that extends the period we get paid the lowest wage of the legacy carriers for years?

 

[Realityck]

Based on GP's letter it's going to be a while. The Company is thinking money and tweaks to the current CBAs to get to JCBA. The Association is thinking full blown negotiations that gets us back to pre-BK & 2003 concessions. Great goals but keep in mind the current TWU CBA is amendable Sept 2018. Since the company has a CBA in place until that date and we couldn't even ask for release until after the amendable date, is now the time to demand everything back? Does the union have a short list of 'must haves' that they aren't showing us for JCBA? Should we ready ourselves for a years long process that extends the period we get paid the lowest wage of the legacy carriers for years?

 
 
I agree. In addition to the wages, I believe the problem is many of the posters here expect immediate relief for everything they gave up over the last 2 contracts. If their personal needs weren’t mentioned in the openers, they’d self-destruct. That’s apparently led to the laundry list approach. Let’s hope the Negotiating Committee has a better strategy than that otherwise they’ll be at the table for a long time while the members continue to lose ground.

 

[ASSociation Clown]

Isom isn't the point man for negotiations and his plane from MIA took a mechanical, how is that his fault

 
If this was Jeopardy I would have to go with: "What is an IAM Stooge and Company Apologist" Alex
 
And I always thought that the TWU was pathetic, and still do at the international level until they prove me wrong, but watching the IAM stooge in action has me scratching my head because even the TWU would never defend management as much as the IAM tool boy does.  

 

[ASSociation Clown]

Thanks on behalf of the parties that shoved the ASSociation down our throats. 

That would be those who pushed the phony Teamster drive on behalf of the TWU, while they locked us into this ASSociation and killed any chance of changing unions.  Brilliant :blink:

 

[AANOTOK]

How about the Association grow some balls and start acting like a union representing it's members. Isn't that part of the reason they get a paycheck from me. Stop the "yes sir" mentality to the company and and grow some...When Lombardo sent an apologetic letter to AA about our prefunding instead of fight it with pressure, I knew then things would go south...

 

[Tater Salad]

After Dec 3, my opinion is we all should just have a Happy Holidays.  Who's with me?

 

[Tater Salad]

http://onforb.es/1YQbF1J
 
Isom said improved maintenance operations can boost schedule reliability. Maintenance “offers a pretty fertile ground for us to mine,” he said. “We’re just starting. We’re designing our maintenance programs …to ensure that it’s all around day-to-day reliability.”
 
 
 
I don't even know what to say about that......

 

[WeAAsles]

That would be those who pushed the phony Teamster drive on behalf of the TWU, while they locked us into this ASSociation and killed any chance of changing unions.  Brilliant :blink:

This is not a hit I swear. I'm just curious really. AMFA started over 50 years ago by an AA mechanic. So that tells me for over 50 years some people have been trying to get them in. All those years the TWU has found ways to connive and keep them out? That doesn't make sense? I would have to have thought that the best opportunities for that change would have been after deregulation maybe in 83 and absolutely after the 03 concessions?

If the Association brings back a contract that puts you over the current Delta rate and maybe saves jobs, how will the drive ever be able to succeed?

Again out of pure curiosity why has the drive never been successful and it started before I was even born in 1965? Is it a pure lack of cohesion, apathy, education or something else entirely?

 

[Rogallo]

Back to the fleet service thread there pot stirrer!

 

[1AA]

Leave the language alone give us the delta plus three. Everyone can still go to work not giving a rats arse and at least you will be making a little more money. Create overtime until we get some better language until then business as usual

Better language? How about a better union?