What happens to LUS guys IAM pension if they switch unions?Looks like the thread is officially spun.. To bring it back on track'
I heard from an organizer that LUS stations are wanting a loads of cards. Thats good news.
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What happens to LUS guys IAM pension if they switch unions?Looks like the thread is officially spun.. To bring it back on track'
I heard from an organizer that LUS stations are wanting a loads of cards. Thats good news.
How long is it going to take before A&P licensed mechanics accuse the "and related" of riding their coattails?
That is the definition of a pointed comment.
You have no basis to call me biased.
Then why say it? At that point it sounds like propaganda/conditioning. Stick with facts not hyperbole.
Let me be very clear, I am not against AMFA, I just don' think it is going to be the magic fix many advertise it as.
I am not hating on anyone. Again I think many on here are building up AMFA to be the savior and will be heavily disappointed when they AMFA falls short of expectations.
I have also said many times in my opinion you would be much better off with something like AMP, a UNION of ONLY American Airlines employees.
If you really want AMFA I wish you luck Vortilon, I really mean that. I just hope it is everything you are building it up to be in your mind.
You cant loose what you have accumulated, i dont think you will accumulate any more. Since you would not be an iam member you would most likely revert to the 401k match. It would depend on how they word a contract if they do get one.What happens to LUS guys IAM pension if they switch unions?
And that is what AA is trying to do now in negotiations. Put all members in the proposed 401k match. That's one of the hangups.You cant loose what you have accumulated, i dont think you will accumulate any more. Since you would not be an iam member you would most likely revert to the 401k match. It would depend on how they word a contract if they do get one.
You won’t lose what you’ve already accrued. All future accruals would end.
They will start coming out of the wood work. Spreading bullshot and discontent.If at first you don't succeed try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try try FAIL again.
BTW...someone get Conehead a thesaurus. He must have skipped basic english in kindergarten.
You cant loose what you have accumulated, i dont think you will accumulate any more. Since you would not be an iam member you would most likely revert to the 401k match. It would depend on how they word a contract if they do get one.[/QUOTE I am under the same assumptions that you will retain what you have in the IAM pension and accrual will be frozen, you will then switch over to the new contract 401k if that is what American Airlines is offering to AMFA or whom ever. My understanding is that if you retire under the IAM pension fund you cannot collect it if you are still working in the airline industry. Is there any stipulation that if you are collecting pension/ 401K from another fund that the IAM pension will not pay off.? Just asking, that would be a concern if I was LUS and thinking about signing a AMFA card.
Then what would be the difference if under a JCBA, with the Association as your representative, the company went to a 401k only and you were no longer contributing to the IAM Pension? Would that not be the same end result whoever is your representative is?I am under the same assumptions that you will retain what you have in the IAM pension and accrual will be frozen, you will then switch over to the new contract 401k if that is what American Airlines is offering to AMFA or whom ever. My understanding is that if you retire under the IAM pension fund you cannot collect it if you are still working in the airline industry. Is there any stipulation that if you are collecting pension/ 401K from another fund that the IAM pension will not pay off.? Just asking, that would be a concern if I was LUS and thinking about signing a AMFA card
The iam pension will not pay of your in the industry , same as it is today.I am under the same assumptions that you will retain what you have in the IAM pension and accrual will be frozen, you will then switch over to the new contract 401k if that is what American Airlines is offering to AMFA or whom ever. My understanding is that if you retire under the IAM pension fund you cannot collect it if you are still working in the airline industry. Is there any stipulation that if you are collecting pension/ 401K from another fund that the IAM pension will not pay off.? Just asking, that would be a concern if I was LUS and thinking about signing a AMFA card
Yes. Thats the problem the iam will not accept that. Puts us tight where we are today. In the associatoon.Then what would be the difference if under a JCBA, with the Association as your representative, the company went to a 401k only and you were no longer contributing to the IAM Pension? Would that not be the same end result whoever is your representative is?