Company match for the Medical Prefunding any word yet when

[AANOTOK]

"After nearly three hours of arguments, the bankruptcy judge did not rule on the motion. Instead the court reserved decision did not state when the decision will be issued. To date there has been no ruling on the motion or any further developments."

http://twubkfacts.org/home/tabid/1494/ctl/detail/mid/3090/itemid/782/court-update-mar-19%2c-2013.aspx

Well, that update said a bunch of nothing. The red highlight could have answered it all.

 

[AMFAinMIAMI]

"After nearly three hours of arguments, the bankruptcy judge did not rule on the motion. Instead the court reserved decision did not state when the decision will be issued. To date there has been no ruling on the motion or any further developments."

http://twubkfacts.or...r-19,-2013.aspx

Well, that update said a bunch of nothing. The red highlight could have answered it all.

So the question is at this point who? is going to look out for our best interest in regards to the matching funds
that are in question. Is there a dead line that the judge has to meet to let us know if and when we will receive this money?

 

[usa1]

http://aviationblog.dallasnews.com/2013/03/were-still-waiting-on-that-health-coverage-decision-for-american-airlines-retirees.html/

 

[AMFAinMIAMI]

If AA does stop the retired employees medical it won't be the first time an Airline has done that.

It's not fair to them or the rest of either but its what large corp. do. They had a set value of what the company felt was a fair cost for the prefunding medical for them. The company should live up to that. But I should get my match as well as all the current employees who had the prefund plan. So that I can set that money aside to pay for my medical cost when it is my time to step aside and retire.

The Unions in place at this time should fight like hell to protect what those employees had, and insure that the current employees get the money they are due.

 

[AANOTOK]

Nothing yet, eh?

 

[Realityck]

If AA does stop the retired employees medical it won't be the first time an Airline has done that.

It's not fair to them or the rest of either but its what large corp. do. They had a set value of what the company felt was a fair cost for the prefunding medical for them. The company should live up to that. But I should get my match as well as all the current employees who had the prefund plan. So that I can set that money aside to pay for my medical cost when it is my time to step aside and retire.

The Unions in place at this time should fight like hell to protect what those employees had, and insure that the current employees get the money they are due.

Apparently you didn’t read the Videtich Letter that clearly stated the decision to use the company match for continuation of the retiree medical plan was entirely up to the individual plan participants. As I read the Prefunding Plan Agreement, in the event of a Bankruptcy or Plan Termination the intent (when the Prefunding Trust was negotiated in 1992) was to continue funding a retiree medical plan should the participants decide to do so. As explained in the Videtich letter, nowhere does it say it would be done without the approval of the TWU’s Prefunding Plan participants.

The simple fact is that no one on the Retiree Committee is asking for a nickel of any active employee’s prefunding or prefunding match or to interfere with the distribution of the Company match to employees as required by the contract. What the Retiree Committee is asking for is that the Court not allow the Company to simply jettison its obligations to retirees leaving them with nothing. It is not asking any active employee to meet this obligation; it is asking the Company to do so.

 

[AA Tulsa Mechanic]

If that's so then give us our prefunding back NOW!

 

[Ken MacTiernan]

Apparently you didn’t read the Videtich Letter that clearly stated the decision to use the company match for continuation of the retiree medical plan was entirely up to the individual plan participants. As I read the Prefunding Plan Agreement, in the event of a Bankruptcy or Plan Termination the intent (when the Prefunding Trust was negotiated in 1992) was to continue funding a retiree medical plan should the participants decide to do so. As explained in the Videtich letter, nowhere does it say it would be done without the approval of the TWU’s Prefunding Plan participants.

The simple fact is that no one on the Retiree Committee is asking for a nickel of any active employee’s prefunding or prefunding match or to interfere with the distribution of the Company match to employees as required by the contract. What the Retiree Committee is asking for is that the Court not allow the Company to simply jettison its obligations to retirees leaving them with nothing. It is not asking any active employee to meet this obligation; it is asking the Company to do so.

Isn't bobby "lower your expectations" gless on the retirement committee for the twu?

"Simply jettison"? Another great slogan by the twu slogan machine?

Does "simply jettison" translate to "modify" the company portion due us? Time will tell but with someone like lyeg involved doesn't give a person one for Hope.