CWA Tentative Agreement?

With a 401k... It’s not your money until you actually contribute it to the plan. NO contribution = NO match… you lose! I have personally spoken with over half of the younger members (less than 10 years) in my department, and most do NOT contribute to the 401k… nor would they even if we had a company match. They do not care about 30 years from now… they want every penny NOW!

Now, with the IAMNPF you have no option but to participate, and the Company contribution is automatic. This fact will save most of these members from a life of poverty in a few decades when they retire!

The current monthly distribution numbers for a vested member that has participated since the inception of the IAMNPF is now equal to over $200,000.00 in a 401k! I have spoken to over half of the older members (with 20 years or more), and very few have over $70,000.00 in their 401k’s. Actually, a lot of them screwed up post 911 when the markets tanked, and they pulled their money out of equities. What this essentially did was to “lock them into” that loss with no chance of making it up, even with today’s soaring markets!

Face it… the average blue collar worker is not a good investor. Corporate America knows this, which is why they lobbied for 401k legislation in the 70’s to replace their pension obligations. It has saved them BILLIONS… and cost American workers BILLIONS!

Not necessarily- there are 401ks that contribute even if you don't. Us air doesn't have that, however, the $2/hr (not sure of fsc contribution) they are contributing to your pension is also YOUR money. That is money that would otherwise be in your paycheck. The whole
argument of pensions not costing you while 401ks do is moot. They both consist of YOUR money, one is diverted to a pension, while one is put into your own personal retirement account- that follows you anywhere your employment takes you. I do think a '3 legged' approach is the best, but don't fool yourself that the pension contributions aren't coming out of your pocket, just like 401k.
 
Not necessarily- there are 401ks that contribute even if you don't. Us air doesn't have that, however, the $2/hr (not sure of fsc contribution) they are contributing to your pension is also YOUR money. That is money that would otherwise be in your paycheck. The whole
argument of pensions not costing you while 401ks do is moot. They both consist of YOUR money, one is diverted to a pension, while one is put into your own personal retirement account- that follows you anywhere your employment takes you. I do think a '3 legged' approach is the best, but don't fool yourself that the pension contributions aren't coming out of your pocket, just like 401k.

Actually-- I’m fully aware that pension money comes from the employee’s paycheck… I’m not that oblivious! What I’m arguing is that regardless of where the money comes from… the majority of members are apathetic toward investing properly… if at all!

A 401k requires that an individual invest aggressively (stocks) for several decades with nerves of steel during the down cycles. It also requires that the individual keeps up with fund changes, and makes adjustments accordingly every year or so with close attention to the final years as he or she nears retirement to shift into less aggressive (safer) investments for distrubutions in retirement.

This is why Corporate America loves this… they no longer have the burden of administering the plan. Furher, they know few are capable, or willing to actually do it correctly!

401k VS Pensions (FORBES)
 
With a 401k... It’s not your money until you actually contribute it to the plan. NO contribution = NO match… you lose! I have personally spoken with over half of the younger members (less than 10 years) in my department, and most do NOT contribute to the 401k… nor would they even if we had a company match. They do not care about 30 years from now… they want every penny NOW!

Now, with the IAMNPF you have no option but to participate, and the Company contribution is automatic. This fact will save most of these members from a life of poverty in a few decades when they retire!

The current monthly distribution numbers for a vested member that has participated since the inception of the IAMNPF is now equal to over $200,000.00 in a 401k! I have spoken to over half of the older members (with 20 years or more), and very few have over $70,000.00 in their 401k’s. Actually, a lot of them screwed up post 911 when the markets tanked, and they pulled their money out of equities. What this essentially did was to “lock them into” that loss with no chance of making it up, even with today’s soaring markets!

Face it… the average blue collar worker is not a good investor. Corporate America knows this, which is why they lobbied for 401k legislation in the 70’s to replace their pension obligations. It has saved them BILLIONS… and cost American workers BILLIONS!

Very True
 
CWA leadership is saying without the agreement that the company will code share CWA work away. My option CWA is trying to kept cozies with the company to try to kept a neutral stands on a future representation vote
 
CWA leadership is saying without the agreement that the company will code share CWA work away. My option CWA is trying to kept cozies with the company to try to kept a neutral stands on a future representation vote

Correction


neutral stance
 
CWA Current contract language


The Union recognizes that the Company shall have the right to enter into marketing, alliance or code-sharing agreements with other carriers under which US Airways may perform passenger service work for the other carrier, and/or the other carrier agrees to perform passenger service work for US Airways. The Company agrees that any such agreement shall provide for a fair pro rata allocation of work (based on enplaned passengers or other appropriate measurements) between CWA-represented employees of US Airways and the U.S.-based employees of
the other carrier.
 
Another question is after a representation election is achieved does CWA enter back into section 6 negotiations
 
Brothers and Sisters at LCC/CWA/IBT when you see the word MAY that means TRUST US . SCOPE is #1 don't give it away or Members JOBS will go away. SOLIDARITY ! Contracts for ALL !
 
http://apsa6001.org/?p=543
American Airlines’ senior vice president for airport services and cargo retired to take over as president of a company that bids for outsourced services for American and other airlines. Will Tom R. Del Valle take more agents’ jobs with him?
Apparently this is AMR’s plan, although they refuse to tell us. Management has stated that it can gain labor cost savings by outsourcing some 25 percent of all agent jobs, and is looking at that option among others. In 1995 the “Long Term Strategy” plan resulted in 30 stations being outsourced. How many will be outsourced this time around? With a union these terms would be negotiated.
Del Valle’s new position is with G2 Secure Staff, which provides “aviation support services at 40 airports,” including with American Airlines, paying little better than minimum wage to its workers. The fact that Del Valle’s retirement was announced Feb. 15 and he assumes his new job on April 2 adds to the suspicion that AMR is preparing to use G2 to outsource jobs.
 
No you dont enter section 6 negotiations, you just finished that. Section 6 negotiations are started 60 days before the amendable date.

You would go into transition agreement negotiations.
 
Betweeen the Kiosks / gate readers / and now vendors....... This will eventually be the end of a fair wage and benefits for Customer service at Usairways. Again, the Hubs will have some protection but the outsourcing around the New American world will begin and you will have no bargaining power at all.

The American Eagle Info in the above posts is a telltale sign of things to come if terms are agreed to IMO
 

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