Exactly. 2 very different situations, but both about possible job actions.
American Airlines and Labor Negotiations
- Thread starter Buck
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And if fleet could get into a C&C union to represent their group (like AMFA does for the mechs) then the membership could vote to get out of the pension, bring in a new and improved 401K with roth IRA options. Once all funds get transferred over from the pension to the new retirement program you would see a much better track record of gains in your retirement accounts AND YOU would have control over it. In/Out, what to invest in, % of investments in each account etc... YOU do not have control of your very own pension.
And BTW, I know some are restricted but can the pension be transferred over to your spouse or family in the event you passed? Not all pensions can, does the IAM pension fund get passed on after your death???
It depends on what option you choose when you retire. At aa there are numerous options that allow from 0% to 100% percent survivor coverage
La Li Lu Le Lo
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- May 29, 2010
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OK I have quesitons.
First, why did you not go to Southwest? Especially after the bankruptcy (November 29, 2011)? What would possess you to stay with a company that double dipped in the ole concession pool?
What does being 55 have to do with anything?
I really don't think it happens more often than I think....... There is also the fact that you really have no way to track or compile those numbers so your claims are fiction at best.
I left AA at 56 in 2013, took advantage of the early out package, and immediately began receiving pension benefits. I can't count the number of former AA employees that are in Dallas alone. Most left, with 16+ years at AA, without qualifying for the early out package or immediate retirement benefits. It has payed off in spades, especially due to the contract settlement and excellent profit sharing plan.
Its probably a crock and i doubt any TWU would be forced into the pension. New hires???now that will be interesting to see what happens to them
I doubt transferring funds is an option
I dont know you tell me most left probably cause of the concessions etc,opportunity of a buyout the stars lined up correctly.Why now would someone with 10 ,15 years say 40 years old leave AA to start over at SW i understand why you went but now it just doesnt make sense to me .
How much money you think AMFA is going to spend fighting this in court? Its a very small union with limited resources
AMFA fixin' to get a big boost to their resources!
La Li Lu Le Lo
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- May 29, 2010
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Saying "it happens more often than you think" and " I can't count the number of former AA employees that are in Dallas alone" does not really give me any concrete information. You have done little to change my mind. From my observation people are so concerned with seniority most are unwilling to start at the bottom again.
I have stated that seniority itself is used as a form of control and I still believe that.
It does not make sense to me either.
That is why I have a hard time accepting their claim of frequency as fact.
In life when something does not make sense it is only ever 2 things. Either you are missing information or someone is saying something untrue. Notice I did not say lying, I simply said untrue, because sometimes people sincerely believe what they are saying even if it is incorrect.
They were hanging in the lobby last week. Its all for show. Dont expect much. Its cheaper paying the bar bill for 12 then the fine from 10,000...
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Im more concerned what the injunction will cost tge twu....
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