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Good. At end of contract we will be within a buck and change, in the 60's.AMT $53.24
QA $53.98
FAC. $51.16
Last pay increase is DOS + 48 months. These are Base pay only.
No premiums. Premiums stay consistent throughout.
Your welcome.Thank you for your professional response. Wish some of the others on this site could learn from you. Think they hurt the cause more than they help.
I do believe "smart jazz mechanic" is back,!You statement that Reading is Fundamental just continues to make you come across as ignorant. If you cant be more positive. Why dont you just be quiet. Smart azz answers just drive people away. But I know you are not going to stop because I have watched you do this for many many years.
I think the weez is back on the boards. Remember when the company used his comments in the lawsuit? Then the TWU told him to shut it down and stay off the boards. He always fought hard against the AMT'S when we wanted to get out of the Association. He praised Alex Garcia. Here we are again on the verge of getting an election and poof. My opinion of course.I do believe "smart jazz mechanic" is back,!
I would like to thank you wholeheartedly for the info. Knowledge is empowerment.Here is official government references pertaining to the filing and any other questions you may have. It's all there. Reading is fundamental, enjoy.
Hopefully a decision will be made soon.
Thanks for the reference. A lot of info, but can learn from it.Here is official government references pertaining to the filing and any other questions you may have. It's all there. Reading is fundamental, enjoy.
Hopefully a decision will be made soon.
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Thanks, this needs to be out ahead of the Association because they will bombard the floor with fart bombs and hope that members will believe it without facts or documentation.A new update is posted on AMFA National's website under AMFA at American Airlines. Just to be clear no one will lose their pensions or benefits from a representational change in unions, so don't let the industrial unions try to scare you away from voting for AMFA by telling you that you will lose your pensions and benefits if you vote in AMFA. More lies and misinformation.
Some really good points to get out to the entire membership before a vote comes to help clear the air from the false and misinformation that some will try to spread to cause confusion and skepticism...
YOUR PENSION BENEFIT IS SAFE AND RETIREMENT CONTRIBUTIONS WILL CONTINUE
Updated On: May 07, 2021 We want to assure members that valuable American Airlines contributions toward your retirement will continue up to, through, and post transition to AMFA. We want to be very clear that you will not lose the vested pension benefit you have earned in the IAM National Pension Fund (“IAM Plan”) as a result of a change from TWU/IAM to AMFA.
To:
From:
Date:
Re:American Airlines-IAM Pension Plan Contributor
National Executive Council
May 7, 2021
Your Pension Benefit is Safe and Retirement Contributions Will Continue
A change in representation will result in a change in who administers the retirement program and the type of retirement plan American Airlines contributes to on your behalf. Regardless, American Airlines contributions will continue through this process. While we evaluate and negotiate options, we have a strategy in place to ensure a smooth and transparent transition. Here is how this will work:
1. Your Current IAM Plan Benefit
The benefit you have earned in the IAM Plan will be “frozen.” This just means American Airlines contributions made on your behalf will stop going into the current IAM Plan, and future contributions will be redirected into a different retirement saving vehicle. Freezing the IAM Plan does not change or impact the benefit you have earned up to the freeze date, provided you are vested (with five years of service under the IAM Plan). Your vested benefits remain intact and cannot be taken away; you can start your retirement benefits in the future under the terms of the IAM Plan.
2. The Transition Period
Starting from day one, AMFA is prepared to handle the money American Airlines contributes toward your retirement.
In preparation for a favorable vote, we have engaged a third party to administer the transition while the details of a permanent retirement program are worked out. During the transition, the administrator will track the retirement contributions made on your behalf, including any earned interest. Periodic statements will be provided to you so that you can see your balance, though you won’t have access to this account (similar to any defined benefit retirement program).
3. Your Future Retirement Benefits
Our preference for your future retirement program would be under a defined contribution plan (like a 401(k) plan) administered by American Airlines. Until we are permitted to bargain on your behalf, we don’t know whether American will agree to this. In the event they don’t, we are prepared to establish a new defined contribution plan sponsored by AMFA.
Once a final decision is made on the permanent retirement program, the transition account will be transferred over, and you’ll receive a final statement reconciling that activity. Going forward, you’ll be able to see and make decisions regarding your retirement benefits under the new program.
On Behalf of the National Executive Council,
Bret Oestreich
National Director
Download:
20210507_AMFA_Pension Plan Transition Key Messages.pdf
fart bombs? I'm offended. You're officially on ignoreThanks, this needs to be out ahead of the Association because they will bombard the floor with fart bombs and hope that members will believe it without facts or documentation.
But first things first. The NMB has to call for a representational election. Hopefully this coming week.
We just sit around and reminisce about what a great president Trump was....Damn you guys cant be Mechanics. What level of school did you make it to.
You meant still is, right?We just sit around and reminisce about what a great president Trump was....
Thanks, this needs to be out ahead of the Association because they will bombard the floor with fart bombs and hope that members will believe it without facts or documentation.
But first things first. The NMB has to call for a representational election. Hopefully this coming week.
Damn you guys cant be Mechanics. What level of school did you make it to.
Hey weezDamn you guys cant be Mechanics. What level of school did you make it to.