- Joined
- Aug 20, 2002
- Messages
- 7,319
- Reaction score
- 1,555
The IAMNPF was not Terminated, if it was then you would have nothing to even consider as part of the contractual language. The IAM members do not own the IAMNPF. The IAM National Pension Fund is the 5th largest multiemployer pension fund in the United States. It has been to the PBGC and now finally in the Pension Green Zone. External Independent audits have place the IAMNPF in the Red Zone in the past, based on Actuarial versus Fair Market Value or reality. Why should the TWU members support the IAMNPF? As an IAM member are you willing to have our Frozen Pension turned back on and have the IAM fund it? Any funding used to support the IAMNPF is dollars that the TWU members lose. Maybe you believe that the TWU membership should share our Equity compensation?
One union one airline.
How did the IAM become a participant in the merger under the Railway Labor Act? The larger of the two unions should have been the only representitive. How did the two unions create the Association, without the memberships vote? It was all about Industrial Unionism and possibly Dual Unionism. These representitives are far past working for the membership, they are just businesses with the goal of dues generation.
One union one airline.
How did the IAM become a participant in the merger under the Railway Labor Act? The larger of the two unions should have been the only representitive. How did the two unions create the Association, without the memberships vote? It was all about Industrial Unionism and possibly Dual Unionism. These representitives are far past working for the membership, they are just businesses with the goal of dues generation.
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