320tech
Senior
I know the one main thing that Parker wants is the c check outsource did the iam cave into this and at what price? things are always a secret with the IAM.
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Like 320 said," It's all a secret with the iam". They will tell you nothing. It would be hard for them to make their back door deals if you knew what was on the table. The iam is all about the dues money. When you get ready to vote all you will see is a vague "highlight" sheet. They fill in the fine print after you vote yes. BEWARE OF THE EYE CANDY. This will be another concessionary contract. Don't listen to the iam stooges that tell you this is the best you'll get. If they start with the threats you know you are being bent over. Make sure you understand completely whats in it. If you don't you had better vote NO or you will regret it for a lot of years. The EndAnyone here anything about the transition talks last week? Or are we looking at this draging out longer? The IBT posted tenative agreement on there web sight why cant the IAM let us know where the hang-ups are: PAY, SICK TIME, SCOPE, HOLIDAY, VACATION...
Correct me if I'm wrong but you still get to keep your 401K PLUS whatever the IAM comes up with.
Wouldn't that mean you get in effect three pensions?
Social Security
IAM Pension
Former HP 401K Distribution
You'd have to do the math but once the IAM pension plan is adopted you could then take your current 401K contributions and put them in a Roth IRA and/or a regular IRA as well as mutual funds, individual stocks and a host of other investment options.
Also correct me if I'm wrong but isn't the IAM Pension a "Defined Benefit" plan as opposed to the current "Defined Contribution" or 401K plan?
Like 320 said," It's all a secret with the iam". They will tell you nothing. It would be hard for them to make their back door deals if you knew what was on the table. The iam is all about the dues money. When you get ready to vote all you will see is a vague "highlight" sheet. They fill in the fine print after you vote yes. BEWARE OF THE EYE CANDY. This will be another concessionary contract. Don't listen to the iam stooges that tell you this is the best you'll get. If they start with the threats you know you are being bent over. Make sure you understand completely whats in it. If you don't you had better vote NO or you will regret it for a lot of years. The End
OK, here is my guess. An initial 10% increase on the base rate, of course the profit sharing language will go away. Increase in paid holidays up to 9, but probably not all this year. 1 more week of vacation, but probably not until you reach 22 years of service, shift differential back to the old rates, new sick pay policy, still not going to make everyone happy by a long shot, either full pay with so many hours in your bank, or still half pay for the 1st 3 days every call :down: OT pay changed, restore double time, License premium increased, IAM pension plan in, 3% company contribution gone along with 2% 401k match. Multiplier starting around $75 bucks per year of service, with no vesting period, 26 swaps a quarter,and the contract extended until 2012 with meager 3% increses every year and possible future license premium increases. Also the change in control language will be pulled.
Thats my guess and I am stickin to it.
10% base increase--love to see it but highly doubt it
profit sharing language will go away---reason to vote NO
holidays up to 9---reason to vote NO again will not settle for less than 10 per year
1 more week of vacation---for everyone newhires to #1 on senority list anything less another reason to vote NO
shift differential back to the old rates--same rate for over 20yrs the only change in the last 20yrs was loss of shift differential, should be a percentage of base rate like the rest of the world.
new sick pay policy, still not going to make everyone happy by a long shot, either full pay with so many hours in your bank, or still half pay for the 1st 3 days every call ---for those who need it i hope you are right, plus a decent policy might help attract new hires.
IAM pension plan in, 3% company contribution gone along with 2% 401k match. Multiplier starting around $75 bucks per year of service, with no vesting period---Another reason to vote NO, highly doubt the $75, will not trade what i have now, the iam plan is too restrictive ie; when you retire you cant work pt in our profession.
OT pay changed, restore double time, License premium increased--who could say no to that
26 swaps a quarter---should not be a contract item there is no money value to it.
and the contract extended until 2012 with meager 3% increses every year and possible future license premium increases. ----Another NO, if they want to extend the contract pay for it then 3% is not going to cut it, gas prices went up 10% this year alone.
Also the change in control language will be pulled--Another NO unless we are fairly compensated ie: pay pairity plus 3% with the top 3 airlines
Where have the AW aircraft been getting thier heavy checks done in the past 2.5 yrs. aren't they still being outsourced?
Enough of negociating, bring those a/c in house. We have a contract enforce it.
After seeing a display of Hemmingway's complete and total hatred and disgust for working people, and knowing how the IAM operates, I say we skip this foreplay and grease up and brace ourselves for the 2009 full on negotiations.
Oh yeah, the highlight sheet..........I'm all warm and fuzzy over that.
Seriously though, what on earth could we get out of a "cost neutral" negotiation? It's just moving the same cookies around the table. We get nothing. In fact some will lose to "even" things up across the board. So remember: if you "get" something, you more than likely also "lost" something. If you didn't lose anything, good for you, but somebody else in the rank and file did.
10% base increase--love to see it but highly doubt it
profit sharing language will go away---reason to vote NO
holidays up to 9---reason to vote NO again will not settle for less than 10 per year
1 more week of vacation---for everyone newhires to #1 on senority list anything less another reason to vote NO
shift differential back to the old rates--same rate for over 20yrs the only change in the last 20yrs was loss of shift differential, should be a percentage of base rate like the rest of the world.
new sick pay policy, still not going to make everyone happy by a long shot, either full pay with so many hours in your bank, or still half pay for the 1st 3 days every call ---for those who need it i hope you are right, plus a decent policy might help attract new hires.
IAM pension plan in, 3% company contribution gone along with 2% 401k match. Multiplier starting around $75 bucks per year of service, with no vesting period---Another reason to vote NO, highly doubt the $75, will not trade what i have now, the iam plan is too restrictive ie; when you retire you cant work pt in our profession.
OT pay changed, restore double time, License premium increased--who could say no to that
26 swaps a quarter---should not be a contract item there is no money value to it.
and the contract extended until 2012 with meager 3% increses every year and possible future license premium increases. ----Another NO, if they want to extend the contract pay for it then 3% is not going to cut it, gas prices went up 10% this year alone.
Also the change in control language will be pulled--Another NO unless we are fairly compensated ie: pay pairity plus 3% with the top 3 airlines
Where have the AW aircraft been getting thier heavy checks done in the past 2.5 yrs. aren't they still being outsourced?
Enough of negociating, bring those a/c in house. We have a contract enforce it.
Speaking only for myself even though I know others that agree - if they bring anything out that has a benefit reduction and extends that POS contract, I am a NO vote.