American Airlines and Labor Negotiations

[GVPSPIAM]

I think it was Skydrol ingestion.

 

[Buck]

From what the 10k shows it’s all of the frozen plans. That’s why I posted numerous charts.

And the PBGC stated that they were happy the way the company was handling the pensions.

What happens when a member of the Multicorporate Pension fails?
Does the other IAMPF members pick up the loss?
Is that why it was cut at least once?

 

[swamt]

Who’s we? You work at AA now?

Can you actually understand facts?

That has nothing to do with the IAM and it’s all of AA’s employees union or non-union who are participants in the frozen DBP.

That is their frozen pension plan tha AA controls.

I posted the facts to show Buck (your bromance) that he was totally wrong on his information.

Do you have something wrong with comprehension skills or is it just issues?

No sir. I simply posted a rebutle to your post and only YOUR post. As indicated by my original post. Did you not get that?
You stated 11 billion in current funds and 18 billion in liabilities. Simple math says that's a deficit of 7 billion.
I never said that was TWU or IAM. Read and comprehend...

 

[Buck]

I would really like to thank GVPSPIAM he has released more information tonight than the TWU, IAM or the Association combined ever.

 

[Buck]

From what the 10k shows it’s all of the frozen plans. That’s why I posted numerous charts.

The AA Pension is frozen the IAMPF is multicorporate and could be susceptible to other companies failures and therefore loss of pension?

 

[GVPSPIAM]

And the PBGC stated that they were happy the way the company was handling the pensions.

What happens when a member of the Multicorporate Pension fails?
Does the other IAMPF members pick up the loss?
Is that why it was cut at least once?

The PBGC said that back in 2012. Because it would have cost the PBGC $17 billion which the PBGC doesn’t have. IE go reread Weez’s post from the PBGC. Since then AA has only contributed and gained on investments to a turn of $3.5 billion, yet they’ve spent over $10 billion on stock buybacks since the merger.

IAMNPF fund and multi-employer plans don’t function how you are thinking. It’s one fund, not separate funds for each employer that contributes for their employees. So the whole plan would have to fail, if that happens the PBGC takes over the plan just like a single employer plan, but it’s a lesser amount than what a single employer would pay. The plan would take a hit if an employer goes out of business, it would increase the liability on the plans funding.

 

[GVPSPIAM]

I would really like to thank GVPSPIAM he has released more information tonight than the TWU, IAM or the Association combined ever.

Thank you. I just try to get out the correct information and try to source it.

Most of it is out there, you just have to keep digging for it. It took me about an hour digging thru AA’s 10k for 2017. The 2018 one will be out usually around the third week of February, I’ll dig thru it and post the pension information.

 

[swamt]

Agreeing with someone on a subject does not make them a believer.

2028 wow, you all will be in the Guinness

Nice way to back out of it.

Where are the numbers?

No actual count of how many yes vote or how many no votes.

Stop with the fake news

Ooh name calling. See you know your wrong you had to resort to name calling/insults.

We have the numbers and they are 74.46% No vote and 22.54% yes vote. Are you happy now? 2-3% were invalid or rejected vote ballots. Any questions now???

 

[PIEDMONT784]

I would really like to thank GVPSPIAM he has released more information tonight than the TWU, IAM or the Association combined ever.

I concur... this forum is full of intentional agenda driven misinformation... GVP shows that facts, and truth will always prevail.

 

[GVPSPIAM]

Nice way to back out of it.


We have the numbers and they are 74.46% No vote and 22.54% yes vote. Are you happy now? 2-3% were invalid or rejected vote ballots. Any questions now???

Did you use fuzzy math?

Once again that is a percentage, not the actual numbers of how many members voted yes, and how many members voted no.

You really have a serious comprehension problem.

 

[WeAAsles]

Nice way to back out of it.


We have the numbers and they are 74.46% No vote and 22.54% yes vote. Are you happy now? 2-3% were invalid or rejected vote ballots. Any questions now???

And you are who? Who are you? AMFA National or the Company who was hired to do the count should put those numbers out.

Not some Swamp bug that mulls around in the mud on an Airline Forum.

 

[Buck]

The PBGC said that back in 2012. Because it would have cost the PBGC $17 billion which the PBGC doesn’t have. IE go reread Weez’s post from the PBGC. Since then AA has only contributed and gained on investments to a turn of $3.5 billion, yet they’ve spent over $10 billion on stock buybacks since the merger.

IAMNPF fund and multi-employer plans don’t function how you are thinking. It’s one fund, not separate funds for each employer that contributes for their employees. So the whole plan would have to fail, if that happens the PBGC takes over the plan just like a single employer plan, but it’s a lesser amount than what a single employer would pay. The plan would take a hit if an employer goes out of business, it would increase the liability on the plans funding.

I concur... this forum is full of intentional agenda driven misinformation... GVP shows that facts, and truth will always prevail.

SO why has the Association and it's unions not released the information. We all have asked many times and I truly hope he is correct. He is an individual but wears a banner of mistrust.

 

[swamt]

Did you use fuzzy math?

Once again that is a percentage, not the actual numbers of how many members voted yes, and how many members voted no.

You really have a serious comprehension problem.

My bad forgot the total membership voting. 96.7% voted.
Again sir, it was overwhelming. get a clue.

 

[GVPSPIAM]

The information I put out is about the frozen plan for all AA employees, nothing really to do with the Association.

Evertything I posted is readily available from AA’s 10k.

https://americanairlines.gcs-web.com/node/33206/html

 

[swamt]

And you are who? Who are you? AMFA National or the Company who was hired to do the count should put those numbers out.

Not some Swamp bug that mulls around in the mud on an Airline Forum.

I am someone that is informed rather it be silent or public. Can you say the same? I don't think so, carry on mister...