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American Airlines and Labor Negotiations

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Those are valid descriptions, whether you and I like it or not.

Those who advocate a return to DB plans like the IAMNPF are advocating holding labor back (spoiler alert: that’s us!). I definitely have something to say about that.

The market will ebb/flow. We should ALL be working to get each other paid. Today.
 
Kev3188 said:
Those are valid descriptions, whether you and I like it or not.

Those who advocate a return to DB plans like the IAMNPF are advocating holding labor back (spoiler alert: that’s us!). I definitely have something to say about that.

The market will ebb/flow. We should ALL be working to get each other paid. Today.
Click to expand...

Yes you’re right Kev. You’re always right. America should listen to you.

Boy am I going to be totally screwed in Retirement since I don’t listen to you and take your sage advice.

What a dope I am.

 
Kev3188 said:
“I definitely have something to say about that.”
Click to expand...

  • The current population of the United States of America is 328,106,825 as of Monday, January 28, 2019, based on the latest United Nations estimates.
  • The United States population is equivalent to 4.27% of the total world population.
  • The U.S.A. ranks number 3 in the list of countries (and dependencies) by population.
  • The population density in the United States is 36 per Km2 (93 people per mi2).
  • The total land area is 9,147,420 Km2 (3,531,837 sq. miles)
  • 83.9 % of the population is urban (276,062,331 people in 2019)
  • The median age in the United States is 37.8 years.
http://www.worldometers.info/world-population/us-population/
 
Kev3188 said:
Those are valid descriptions, whether you and I like it or not.

Those who advocate a return to DB plans like the IAMNPF are advocating holding labor back (spoiler alert: that’s us!). I definitely have something to say about that.

The market will ebb/flow. We should ALL be working to get each other paid. Today.
Click to expand...
Weez isnt an expert nor does he have credibility to say that the iam pension wont be credible. Just because he repeats his hero gvp doesnt make him credible.
However, the experts, hired by the iampf, did project the fund to become critical within 5 years. That was based off of 2 years ago. And remember, critical status is worse than endangered status. If this was animal years, it would be extinct status.
Warning Will Robinson!!
 
Tim Nelson said:
Weez isnt an expert nor does he have credibility to say that the iam pension wont be credible. Just because he repeats his hero gvp doesnt make him credible.
However, the experts, hired by the iampf, did project the fund to become critical within 5 years. That was based off of 2 years ago. And remember, critical status is worse than endangered status. If this was animal years, it would be extinct status.
Warning Will Robinson!!
Click to expand...

Timmy I was talking about “MY” Defined Benefit Pension that I began accumulating vesting time for back in 1995 at American Airlines when you were only just finally voting for representation with the IAM.

“YOUR” IAMPF is “YOUR” issue to deal with however you feel fit.

You lost “YOUR” DBP with USAIRWAYS or Piedmont 3 years before I even began to accumulate mine.

Good luck with your anti IAMPF lobbying efforts.
 
Kev3188 said:
MYR would be alright, though I like CHS better...
Click to expand...
The way the markets are going... it may be poolside at the Red Roof Inn in CRW in lieu of CHS!

Just think Kev, you could be drinking PBR's and playing pool volleyball with some of West Virginia's
most loyal voters...
 
PIEDMONT784 said:
The way the markets are going... it may be poolside at the Red Roof Inn in CRW in lieu of CHS!

Just think Kev, you could be drinking PBR's and playing pool volleyball with some of West Virginia's
most loyal voters...
Click to expand...

Pensions both Company sponsored defined and Multi Employer defined and 401k plans are all tied in to Market performance. The Stock Market ultimately is the beating Heart of our entire Capitalist Global structure. All of our personal investments including our employment runs through those pipes.

The only way it wouldn’t effect you is if you are completely self sufficient and can rely on living off the land.

I don’t think any of us who contribute here are planning on becoming Eskimos and hunting for Seal and Whale meat in our old ages though.

1DB54030-8BF0-4B1B-ADDB-EFBC570E1414.webp 5975D539-3F97-49ED-92C2-6ED1230CCAC9.webp
 
WeAAsles said:
Pensions both Company sponsored defined and Multi Employer defined and 401k plans are all tied in to Market performance. The Stock Market ultimately is the beating Heart of our entire Capitalist Global structure. All of our personal investments including our employment runs through those pipes.
Click to expand...

Correct, and thanks for making my point for me.

Nothing is guaranteed, and if the economy fully implodes, retirement planning will be the last thing to worry about.
 
PIEDMONT784 said:
The way the markets are going... it may be poolside at the Red Roof Inn in CRW in lieu of CHS!

Just think Kev, you could be drinking PBR's and playing pool volleyball with some of West Virginia's
most loyal voters...
Click to expand...
do you know when the iampf is going to seek out the pbgc?
Id prefer that path as opposed to them cutting future benefits in half again. That way i would at least be able to buy a tank of gas for $33 instead of getting only $23. And pt would only get $13.
Maybe a weekend discount at motel 6
 
WeAAsles said:
Pensions both Company sponsored defined and Multi Employer defined and 401k plans are all tied in to Market performance. The Stock Market ultimately is the beating Heart of our entire Capitalist Global structure. All of our personal investments including our employment runs through those pipes.

The only way it wouldn’t effect you is if you are completely self sufficient and can rely on living off the land.

I don’t think any of us who contribute here are planning on becoming Eskimos and hunting for Seal and Whale meat in our old ages though.

View attachment 13798 View attachment 13797
Click to expand...
Weez, your post is accurate...

I guess the difference between a DBP and a stock laden 401k, is that the DBP is insured by the PBGC. So, I think in a worst case scenario, each member would get something in the event the economy went south permanently.

However, 401k's are an 'invest at your own risk' vehicle, in which almost half of Americans don't even participate in to begin with.

The cool thing is that the super wealthy, and corporations are protected with something better than the PBGC... 'Too Big to Fail' Government Bailouts when the markets crash...

Unfortunately, the average ramper won't get bailed out... he or she will be doing the bailing out with their own tax dollars!
 
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