I know that would be their goal - to get our frozen pension money into the IAM pension fund. No AA AMTs I know, are even remotely interested in entertaining this idea. Remember the bulk of the AMTs at LAA are mid 50s and up - myself included. Nobody wants to gamble on a losing proposition like the IAMNPF that has one foot in the grave, and the other on a banana peel. Looking at the document in question, I see words like: priority, support, and propose. Pretty vague. Now if AA would agree to start up the DBPP kinda like what UPS did by taking the failing plan away from the Teamsters - maybe some folks might be interested.
Aircraft maint issues
- Thread starter conehead777
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I know that would be their goal - to get our frozen pension money into the IAM pension fund. No AA AMTs I know, are even remotely interested in entertaining this idea. Remember the bulk of the AMTs at LAA are mid 50s and up - myself included. Nobody wants to gamble on a losing proposition like the IAMNPF that has one foot in the grave, and the other on a banana peel. Looking at the document in question, I see words like: priority, support, and propose. Pretty vague. Now if AA would agree to start up the DBPP kinda like what UPS did by taking the failing plan away from the Teamsters - maybe some folks might be interested.
hahahahaha. You mean the mediator from the NMB who shoved the association up our a$$es? hahahahaha.
I am not interested in anything AA or anyone else can take away. I've had enough of the rug being pulled out from underneath me. Problem is fleet has lots of people who are in love with the IAMNPF and I'm sure they won't go alone. Remember they own the ATD and they will dictate that we go too. If you think you'll have a choice then you haven't been paying attention for a long time. Fleet runs our union and they are in charge of our negotiations. We had better start looking for legal advise to see if we can put a restraining order on them and keep their hands off our pension.
The 4% that the other work groups received was apparently in the money the company gave techs back in August. That is so much BS! Why are we waiting to meet again on the 22nd of May. I'm sick of the accuses from the union and the company. We need to get this contract done!!!!! Before Doug gives everything to the flight crews
D
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Ha! You are assuming we get to vote!
Flying low
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- Jul 19, 2011
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Unfortunately, there will be to many LAA AMTs that will not read the fine print and give this a yes vote. Just wait, it won't be long before the twu starts the propaganda claiming what a good deal this is....
WeAAsles
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- Oct 20, 2007
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I don't know what or how they're pushing? Don't know if there was a side deal made under Jim Little behind the scenes either? Don't know what the Company's intentions for our retirement are either? Don't know what the term "Push For" means either with the old regime having been ousted?
Don't know if the IAMPF would wither over time if we don't jump in either? I'm sure if we participated of course it helps the fund. Don't know if it will be in a TA as a choice/no choice/or not even an option for us?
I've said how "I" would like to see it but then some dolts on here keep saying I'm trying to sell it, lol.
I'm actually VERY interested in seeing how the funding level looks for FY/2016? If it's gone down that would be a concern to me and I'd want to know why with the market on such a tear the last year?
WeAAsles
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- Oct 20, 2007
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I haven't heard anyone in Fleet say they love it. I never said I love it. I've said a lot of things about it but certainly not the things you're saying.
But no we can't be FORCED into it if it's such a controversial issue that a TA is voted down just because it's there. I've said I'll READ the ENTIRE TA BEFORE I make my decision if I'll support the TA and vote yes or scream out to the World my disgust and vote no?
If the IAMPF doesn't really get in the way of more gains then it bothers in other areas I may just blow it off as not a big deal? I'm putting 20% into my 401k now and if the TA still gives me some type of match and maybe the ability to raise my personal contribution by another 5% too, the hell with the silly little IAMPF to ME.
WeAAsles
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- Oct 20, 2007
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Have NEVER heard one person in Fleet say they LOVE the IAMPF. As a matter of fact quite the opposite. The ones who've read things about it have just as many concerns about it as you guys have.
I just don't think many in Fleet are as obsessed and scared of it like you guys are? It's not as much of a Boogeyman to them as it is to you.
D
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WeAAsles
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Too many morons pushed to get that PS so after he gave it to all of us (I'm stuck with the morons) he went down to 3%
He said PS is not the way to compensate employees and he thought it was better to give direct pay instead.
Morons wanted Profit Sharing though. Again Morons.
He said PS is not the way to compensate employees and he thought it was better to give direct pay instead.
Morons wanted Profit Sharing though. Again Morons.
anotherdelay
Senior
- Jun 26, 2012
- 255
- 29
Finally something to unite line and overhaul.
Here is what due dilegence and how long it has been around. This definitely falls under that category.This is an "Association", not a merger.
"the first such diligence as a reasonable person under the same circumstances would use : use of reasonable but not necessarily exhaustive efforts —called also reasonable diligence Editor's note: Due diligence is used most often in connection with the performance of a professional or fiduciary duty, or with regard to proceeding with a court action. Due care is used more often in connection with general tort actions."
The best thing to do, is to find someone who is a lawyer. There has to someone in your group that knows someone that has a law license, and is qualified. Use an independent counsel to draw up a set questions and have Lombardo, Rosen, Petersen, and other top level TWU International Officers/IAM officials put answers to the questions and put their John Hancock to it Do not allow, a 10th level employee to sign and answer it.
Make sure at least 80 percent of your work group signs on to the questions you want answered.
This is where the Pilots have an advantage, they have a little level higher representation they we have, including many pilots, being lawyers including one of their Presidents during the bankruptcy.
A little anecdote, when United went bankrupt, and the pilots lost their pensions, they had no one to sue, they owned the airline. You guys will, including the Twu and Iam, Rosen Lombardo, and all the other officials if this is done right.Or the ones who signed off on this. As of now, the way its done, I don't believe you guy's will have recourse.
On the fleet side, there's maybe one percent who understand the contract, let alone their retirement, and even care.
The questions are easy: Who has done the due diligence on this, and has Lombardo/Rosen signed off on this. Who is the outside independent financial advisor that did the audit of the Pension fund? Why is it considered suitable to us? How come we don't get a choice to join or not join? Many more questions, a lawyer will come up with too.
Here is what due dilegence and how long it has been around. This definitely falls under that category.This is an "Association", not a merger.
"the first such diligence as a reasonable person under the same circumstances would use : use of reasonable but not necessarily exhaustive efforts —called also reasonable diligence Editor's note: Due diligence is used most often in connection with the performance of a professional or fiduciary duty, or with regard to proceeding with a court action. Due care is used more often in connection with general tort actions."
The best thing to do, is to find someone who is a lawyer. There has to someone in your group that knows someone that has a law license, and is qualified. Use an independent counsel to draw up a set questions and have Lombardo, Rosen, Petersen, and other top level TWU International Officers/IAM officials put answers to the questions and put their John Hancock to it Do not allow, a 10th level employee to sign and answer it.
Make sure at least 80 percent of your work group signs on to the questions you want answered.
This is where the Pilots have an advantage, they have a little level higher representation they we have, including many pilots, being lawyers including one of their Presidents during the bankruptcy.
A little anecdote, when United went bankrupt, and the pilots lost their pensions, they had no one to sue, they owned the airline. You guys will, including the Twu and Iam, Rosen Lombardo, and all the other officials if this is done right.Or the ones who signed off on this. As of now, the way its done, I don't believe you guy's will have recourse.
On the fleet side, there's maybe one percent who understand the contract, let alone their retirement, and even care.
The questions are easy: Who has done the due diligence on this, and has Lombardo/Rosen signed off on this. Who is the outside independent financial advisor that did the audit of the Pension fund? Why is it considered suitable to us? How come we don't get a choice to join or not join? Many more questions, a lawyer will come up with too.
anotherdelay
Senior
- Jun 26, 2012
- 255
- 29
Another salient point. The Twu is paid to represent us. They own the contract. Time to put their feet to the fire representing you. No more they can do that brother. Take some ownership of this.
MetalMover
Veteran
- Sep 16, 2013
- 3,543
- 2,410
I agree. Although it is nice to receive a PS check, I have long felt that it is way better to receive that amount in salary. This kind of reminds me of people who adjust their income tax deductions just so they can get that refund check instead of adjusting it where you basically break even but have more money throughout the year.
