American Airlines and Labor Negotiations

[WeAAsles]

What work was signed off not completed?

Call the FAA and ask them.

https://en.m.wikipedia.org/wiki/Non-disclosure_agreement

 

[ALUS78]

Are you seriously this head over heels on your opinion of our Company. You gonna tell me that our Crew Chiefs aren’t pressured to death not to get delays?

Now try to imagine that on the grand scale of keeping an Aircraft up and running.

What pressure the union will protect you

 

[WeAAsles]

What pressure the union will protect you

The Union can’t protect you from hearings and investigations. They can’t prevent a person from feeling like he’s being harassed when they just want to come to work and do the best they can.

And the Union can’t prevent the Company from passing out discipline and making life more difficult if you’re not playing by their rules.

They can only do something after those things have occurred if the Company is violating our Contract, their PPC or perhaps Federal or State Laws.

 

[Buck]

Do you have a link to the data or a letter showing this action?

"the iam scrapped my 10% 401k for its crap pension. Then it cut half my pension to stay afloat, and now its gonna b critical status and be cut again to junk status."

 

[Tim Nelson]

"the iam scrapped my 10% 401k for its crap pension. Then it cut half my pension to stay afloat, and now its gonna b critical status and be cut again to junk status."

what do you need to sse?I just pozted the critical status letter.

 

[Buck]

what do you need to sse?I just pozted the critical status letter.

That will be just fine

 

[WeAAsles]

what do you need to sse?I just pozted the critical status letter.

No you haven’t.

 

[Kev3188]

Maybe because it could be the AMT’s freedom itself that’s jeopardized if he signs off on a task that wasn’t actually completed and there’s a catastrophic accident.

AMT’s being pressured to sign off phony log entries isn’t a joke now Al. That’s very serious chit.

No doubt, but I remember Ted Ludwig at press conference holding bad brake parts, and the traveling public barely blinked.

 

[WeAAsles]

No doubt, but I remember Ted Ludwig at press conference holding bad brake parts, and the traveling public barely blinked.

I agree. And one day when another plane comes crashing down on their oblivious heads then maybe they’ll wake up?

All I know is I hope I’m not on that plane.

 

[robbedagain]

Had good union meeting couple days ago at DCA. Status of talks are on going . In DC then ATL .

Company wants 40 cities. No surprise there. Union fighting to keep all current work. One biggie issue. Insurance . Association wants ours. Mgmt wants us on all others. Scope n insurance are 2 of the biggie items thats where the major fight is.

 

[Tim Nelson]

No you haven’t.

Well, I posted the official summary by the experts. However, I guess you can believe it isn't.

The other 8 points were regarding other items, all bad news as well. The only item that summarized the plan funding was #9. The actual actuarial report was about 40 pages long and it was all really really bad. I haven't the time to scan all pages but believe me, it was a complete disaster. Any plan participant can request it. In April, the IAM Pension Bosses will truncate the entire report and reduce it to one single page with the actual funding. I shouldn't even have to discuss this, as everyone ought to be informed by their own union. But the union never tells its members about all of the very very bad and hurtful things.

 

[Tim Nelson]

1. For the first time, The Official Actuarial states "the fund is projected to be classified in the Cricial status within the following five years." (Page 2)

...
2. For the first time in many years, the number of retirees exceeds the number of Actives. (actives 95,907, Pensioners and Beneficiaries 98,109. This is a 4% increase in retirees collecting from previous years. (

3. Pension benefits paid out increased from $626 million to $671 million.

4. Greatest % Age Bracker of actives: 55-59

5. Average age of actives, 49 (Page 25)

6. Investment Loss: $106 Million (Page 2)

7. Actuarial investment loss: $414. (Page 2)

8. Negative Net Cash Flow: $295 million
(Negative cash flow for each of the last 12 years, avg $180 million)

 

[AANOTOK]

GVP can you post that information from the PBGC?

Even if it does make sense that the PBGC which is essentially an Insurance Company would not want any double dipping.

Guess not

 

[PIEDMONT784]

1. For the first time, The Official Actuarial states "the fund is projected to be classified in the Cricial status within the following five years." (Page 2)

...
2. For the first time in many years, the number of retirees exceeds the number of Actives. (actives 95,907, Pensioners and Beneficiaries 98,109. This is a 4% increase in retirees collecting from previous years. (

3. Pension benefits paid out increased from $626 million to $671 million.

4. Greatest % Age Bracker of actives: 55-59

5. Average age of actives, 49 (Page 25)

6. Investment Loss: $106 Million (Page 2)

7. Actuarial investment loss: $414. (Page 2)

8. Negative Net Cash Flow: $295 million
(Negative cash flow for each of the last 12 years, avg $180 million)

So you are demonstrating that the plan will (might) reach critical status in 5 years unless what happens?

1) The plan gains additional members through organizing or alliances with other unions?

2) The plan sees above average returns from internal investments?

3) The ratio of members retiring to participating decreases?

On number one, I know why you are opposed to the plan as an association benefit.
You want it to falter, so you can claim victory over the IAM after it fails to gain participants don't you?

On number two, I thought the POTUS has us in the most upward economic trajectory in the history of the US for investment returns.

Finally, on three... this would depend on several factors-- The growth of the company along with added represented membership through expansion and scope protection. Attrition of participants through personal, and medical reasons -- ( Medical/Injury has caused many members to retire at the earliest possible date, as the physical nature of cargo and baggage handling drives this more than in any other industry by default.)

Overall, it appears this IAMNPF is not any different from the rest of the DBP's out there, with the exception of the attrition rate. Actually, the IAMNPF is healthier than most, which I'm sure really irks you, doesn't it?

 

[Tim Nelson]

So you are demonstrating that the plan will (might) reach critical status in 5 years unless what happens?

1) The plan gains additional members through organizing or alliances with other unions?

2) The plan sees above average returns from internal investments?

3) The ratio of members retiring to participating decreases?

On number one, I know why you are opposed to the plan as an association benefit.
You want it to falter, so you can claim victory over the IAM after fails to gain participants don't you?

On number two, I thought the POTUS has us in the most upward economic trajectory in the history of the US for investment returns.

Finally, on three... this would depend on several factors-- The growth of the company, along with added represented membership through expansion, and scope protection. Attrition of participants through personal, and medical reasons -- ( Medical/Injury has caused many members to retire at the earliest possible date, as the physical nature of cargo and baggage handling drives this more than in any other industry by default.)

Overall, it appears this IAMNPF is not any different from the rest of the DBP's out there, with the exception of the attrition rate. Actually, the IAMNPF is healthier than most, which I'm sure really irks you, doesn't it?

Its my plan, obviously i dont want the experts to be right. I only presented their professional assessment and not mine. Thats why they paid them the big bucks.
I suggest you do 2 things:
1. Contact the actuary and tell them that the iam is going to have an explosion of members as you just indicated, and that your personal economin model shows a great trajectory. If you manage to convince them of your newly discovered data then i owe you a beer for saving my pension.

2. Kindly say hello to the Easter Bunny for me.

regards,