2015 Fleet Service thread

[Traymark]

From what I've read, there was no price given by the Association, just a lot of generalities.

Not very encouraged by the flex schedule they've put in place for any future meetings.

One meeting a month is going to drag this thing on until a good number of us are dead.

 

[robbedagain]

agree kev    AANOTOK  I knew the point  though I chose not to put it in my post  but regardless Im happy that the Association was more prepared   but not a shocker the donkeys came unprepared    Judging by what Ive seen in the proposal it seems pretty good  but I would definitely like to see AA language bec there is a lot of issues in that they want to convert to AA language and others to US language.    another one I like to see is how much more to be paid into the IAMPF as well as the 401K    how much more in vacation etc      It would be nice to see the sick pay go to full pay first day     I do realize itll take time  but still cant hurt to inquire

 

[bob@las-AA]

 

Math is not your strong point. Our company contribution is 5.5%
With the IAM pension the max benefit for 30 years is $51.91 for every year you're vested.
So if a person was vested in 2005, like the plan describes and retires in 2035, he/she would have a monthly benefit of $1557.30 in today's dollars. Factoring in inflation at 3% annually, that would be only $915.71. For you, you should not control your own money, you should seek professional help.
View attachment 11169
And look at this!! Reduced benefits.
IAM is just giving gobs of cash in the end.
So if $51.91 bucks for every year you have been slaving at AA sounds good to ya then take it and good riddance to ya.
 
But if you're still working....into your 65s
[sharedmedia=core:attachments:11167]
Santa's sack is swollen with cash, and he is wanting us to do the right thing and,
 
VOTE YES

 

[La Li Lu Le Lo]

Math is not your strong point. Our company contribution is 5.5%
With the IAM pension the max benefit for 30 years is $51.91 for every year you're vested.
So if a person was vested in 2005, like the plan describes and retires in 2035, he/she would have a monthly benefit of $1557.30 in today's dollars. Factoring in inflation at 3% annually, that would be only $915.71. For you, you should not control your own money, you should seek professional help.

Pen.PNG
And look at this!! Reduced benefits.
IAM is just giving gobs of cash in the end.
So if $51.91 bucks for every year you have been slaving at AA sounds good to ya then take it and good riddance to ya.
 
But if you're still working....into your 65s

Reading comprehension is not your strong point. There is nothing wrong with my math.
 
I never said ANYTHING about an IAM pension........ The whole point of what a wrote is to show how little a (not necessarily American Airlines) company is actually contributing with a 401K.
 
5% over 40 years = 2 years of income contributed by the employer.
 
Under your scenario
 
5.5% over 30 years = 1 year and 33.8 weeks of income contributed by the employer.
 
If you feel my math is wrong feel free to prove it.
 
So if the company contributing 1 year and 33.8 weeks of income to your retirement plan for every year you have been slaving at AA sounds good to you then take it.
 
Class dismissed. 

 

[AANOTOK]

Any word on when the next meeting is to set up the next meeting for negotiations?
 
Bells and whistles on that proudly written memo by the Association stating they would be sitting down
with AA on Dec.3rd to finally get negotiations started. So far, the Ass is keeping up it's reputation, meeting
"periodically".

Bump

 

[Talos]

Reading comprehension is not your strong point. There is nothing wrong with my math.
 
I never said ANYTHING about an IAM pension........ The whole point of what a wrote is to show how little a (not necessarily American Airlines) company is actually contributing with a 401K.
 
5% over 40 years = 2 years of income contributed by the employer.
 
Under your scenario
 
5.5% over 30 years = 1 year and 33.8 weeks of income contributed by the employer.
 
If you feel my math is wrong feel free to prove it.
 
So if the company contributing 1 year and 33.8 weeks of income to your retirement plan for every year you have been slaving at AA sounds good to you then take it.
 
Class dismissed. 

AA contributes so much per hour to both the 401k and iam pension. Fact is everyone got screwed with the bankruptcy procedures. I'm not sure but US Air had the pension terminated before I think. For a senior work group to start a pension deal now would be fruitless. I see no reason for either group to change what they have had. Best bet is to let each unions deal continue and be enhanced. I knew guys who retired 15 years ago who got close to 3500 a month pension when they calculated all your hours into the equation including overtime. Pensions are becoming a thing of the past.

 

[ChockJockey]

VOTE YES

 
When we we finally do have a complete proposal to vote on do you plan on reading it in full or just those portions that deal with monetary compensation?

 

[700UW]

Pilots pension was terminated in bankruptcy one. Back in 92 they froze ramp, CSA, and management pensions as they were non-union.

Then in bankruptcy part two mechanic and related, inflight, and the non- management frozen pensions were all terminated February of 2005.

 

[La Li Lu Le Lo]

AA contributes so much per hour to both the 401k and iam pension. Fact is everyone got screwed with the bankruptcy procedures. I'm not sure but US Air had the pension terminated before I think. For a senior work group to start a pension deal now would be fruitless. I see no reason for either group to change what they have had. Best bet is to let each unions deal continue and be enhanced. I knew guys who retired 15 years ago who got close to 3500 a month pension when they calculated all your hours into the equation including overtime. Pensions are becoming a thing of the past.

I can't speak for you but my wife works for American Airlines (under the TWU) and ONLY gets a 401k. She came in after pensions were frozen.
 
You need to peek outside of your bubble my friend.

 

[bob@las-AA]

 
When we we finally do have a complete proposal to vote on do you plan on reading it in full or just those portions that deal with monetary compensation?

Show me the money!! Everything else is small potatoes.

 

[bob@las-AA]

I would like to show you the reality of a 401k.
 
A 401K is the biggest con corporate America ever pulled on the working man.
 
Lets do the math assuming the company contributes 5 percent of your income (also consider it takes 9 years for a Fleet Service Clerk to top out).
 
2080 (40 hours a week over a years time)
  104 (5 Percent of 2080 hours)
    40 (A number I chose to represent years in a career)
4160 (The total hours the company contributes over 40 years which comes out to be a standard work week over 2 years, which is why I chose 40 years for the career, nice and clean)
 
So over a 40 year career the companies contribution to your retirement is 2 years of income................ When you consider how long it takes to top out (almost a quarter of your career) it is actually a lot less than that.
 
Compare that to a traditional pension and you see how bad you are getting screwed.

My Bad, you didn't mention ANYTHING about the IAM pension, but still your math is wrong. Here at LAA we earn up to 5.5% or dollar for dollar or 100% match up to 5.5% of our earnings pre-tax as long as we also contribute 5.5% and above. SO the money, even if you're still working, has to go into some sort of savings? OR are you treading water because you're drowning in debt? Just a small fact to tuck under you pillow, a traditional pension in its true meaning has long died long before 
"Leave It to Beaver". 

 

[WeAAsles]

Show me the money!! Everything else is small potatoes.

It is huh? Alright I'll make a proposal to you that you have to vote yes or no to?

I propose we ask for $40.00 per hour. In exchange we agree to give up all non core work. Meaning we only load and unload planes. No bag runners, Bagroom, Freight, etc. And we agree to only staff ourselves in the major hubs (retaining of course our seniority bumping rights) and a $25,000 penalty if someone agrees to move. No guaranteed job protection if your seniority can't hold a position. Oh and just for good measure we also agree to no part time cap or Crew Chiefs.

Ok. The proposal is now on your desk. How do YOU vote? YES or NO?

 

[WeAAsles]

Oh Bob forgot to add. We also agreed to no recall rights on that proposal I gave you. So when you do become unemployed you can only come back when you are rehired. (Maybe in 10 years) And then you have to start back at the bottom of the pay scale and work up again. Oh and forgot to also add that we agreed to a 17 year progression for that scale.

Yes or No?

 

[AANOTOK]

Six days since the first day of negotiations sitting and starring at each other across the table.
How long until the Ass and AA actually start negotiating a contract for it's members/employees.
W, you're relayed all the top secret info, what say you...whenever  the company gets damn well and ready?
 
Oh I forgot, don't rush it!

 

[robbedagain]

WeAA bob votes yes for it then some senior agent comes in n bumps him!!!! Right on out the door! 🙂