IAM Pention Fund/Really How Good Is It? in $$.$$

[AIRCRAFTMECHANIC]

700 you and the IAM's constant BS about the IAM pension is becoming really annoying at least to me. There are many assumptions that go into these monthly amounts and many of us are aware of the incompetence of the plan, together with Jurassiclike restrictability. Some of these assumptions will be broken down for all to see once the election is ordered. The truth is that the IAM pension plan on US property has one of the worst contribution rates ever seen. The IAM pension plan at United is somewhat better though.

401k have much more advantage than the restrictions on the IAM pension plan where even payment suspensions can happen.
401k's were designed because they offer choice, and less restrictions later in life. Even in the present day, the 401k helped with college bills, buying a house, etc. The Oldtime pensions aren't too atttactive, and at best take us back to the dark ages.







sir :

401 k wasnt intened to be a retiremnet plan...
ramp gets 78 per year of service...10 years and they will get 780 a month in addition to there savings and any pbgc.

mechanics will be around 90-98 per year of sevice in addition to pbgc and there 401k savings..the goverment intended the 401k to be a savings account that is tax defered...not a retirment.

if i have 20 years and pbgc will pay me 68 per year then thats 1360..plus ill work another 15 at 90 per year if we get the IAM pension thats
1350 plus 1360 equals 2710 per month plus 401k " savings"
and "maybe" social security...sounds like a plan to me.

or would you rather have just your 401k tax deffered savings.I guess you already answered that. sounds like you need to look at the definition of 401k.Its a tax defered
savings...... meening you will pay later when your older.sure you will be making less but you will pay .....and sure you caan borrow against it and pay intrest or you could have just saved enough in a regular saving and left it alone...you can borrow against it for 6% intrest but that isnt what it for..savings is for that then you dont pay 6%...its better to not have all your eggs in one basket....just a thought.

regards, aircraftmechanic

 

[Bob Owens]

Pensions like the IAM's is a creature of the last century. People like choice and they like having access to their money for college, mortgage, health and don't want to wait till they are 100 years old to get a benefit. They want portability and don't want a restriction of having to have another IAM job. The laws have made 401k's very appealing, however the IAM pension plan's portability is a joke and had the movement of a prehistoric dinosaur.On top of all that, it CAN BE SUSPENDED, it's in the documents!

Vote for 401k and don't restrict yourself to something you won't see or have access to until you have alzeimers. You can even cash out the 401k.

regards,

I cant say I completely agree on that. What we need is a portable plan, like the construction unions have.

I have several relatives and friends in Construction. The company puts $4/hr into the plan for every worker. The move from company to company and they make very good money.When they move everything goes with them, they do not start at the bottom.

 

[AIRCRAFTMECHANIC]

I cant say I completely agree on that. What we need is a portable plan, like the construction unions have.

I have several relatives and friends in Construction. The company puts $4/hr into the plan for every worker. The move from company to company and they make very good money.When they move everything goes with them, they do not start at the bottom.

That woulod be a great idea if we could get it,I also would like to see us hold senority like the union welders or carpenters or electricians ect.4 dollars a hour toward retirement would be awesome.

The comanys wouldnt want a/p s to have union senority , it would make us more in control and thus paid more.i would definetly vote for it if it was a option,I just dont think the folks in charge will let that happen.

Its a great idea, I hope it will take hold. We need to do something to empower a/p s country wide.We B) are making the same as truck mechanics ,and thats not right.

The mechanics need there own union , like the pilots have
and they need one union so we dont end up arguing and we all need to stick together.

AP s should all be making 35 an hour.If a lawyer makes 100
or 150 then we should be making 35.Can you imagine the liability pay that a lawyer would negotiate for working on a jet carring 195 people at 39000 ft.

In 2009 we will demand a decent wage and it will happen.

Your right if we had union senority , wherever we worked then we would be making 35 now.

Iam or Teamsters....whoever wins ....WE WANT A FAIR AND DECENT WAGE....

USAIR DO WHATS MORAL AND FAIR....WEVE GAVE YOU TILL 2009.

GETR DONE.. B)

 

[Bob Owens]

That woulod be a great idea if we could get it,I also would like to see us hold senority like the union welders or carpenters or electricians ect.4 dollars a hour toward retirement would be awesome.

The comanys wouldnt want a/p s to have union senority , it would make us more in control and thus paid more.i would definetly vote for it if it was a option,I just dont think the folks in charge will let that happen.

Its a great idea, I hope it will take hold. We need to do something to empower a/p s country wide.We B) are making the same as truck mechanics ,and thats not right.

The mechanics need there own union , like the pilots have
and they need one union so we dont end up arguing and we all need to stick together.

AP s should all be making 35 an hour.If a lawyer makes 100
or 150 then we should be making 35.Can you imagine the liability pay that a lawyer would negotiate for working on a jet carring 195 people at 39000 ft.

In 2009 we will demand a decent wage and it will happen.

Your right if we had union senority , wherever we worked then we would be making 35 now.

Iam or Teamsters....whoever wins ....WE WANT A FAIR AND DECENT WAGE....

USAIR DO WHATS MORAL AND FAIR....WEVE GAVE YOU TILL 2009.

GETR DONE.. B)

The only way we could ever work towards any of that is to first get into one union. THe IBT is the only union where that is an option at the moment. If you stay IAM we will always be split up due to AFL-CIO rules on raiding. The IAM isnt about to give up its ATD nor is the TWU.

So in a way it is an option, vote IBT.

 

[AIRWOMAN]

An interesting article about 401K's. Click on READ THIS ISSUE. Article begins at page 34 of the magazine.

http://www.snapon.com/techmagazine/

 

[Mr Eagle]

Anyone that put there 401k in Company stock is not of sound mind.

Yes Agreeable,I Must Clarify your Statement, "AIRLINE COMPANY STOCK". Yes our 401K investment if you so choose can go to AIRLINE STOCK, I do not invest in the Airline stock, although there have been million's made in the Airline stock option's by Many of My fellow Tech's,they have proven, record's to back what I am saying.There are Many options for where you can place your investment's,These options are YOUR CHOICE NOT SOME UNION PENSION FUNDS CHOICE.
MWW

 

[AIRWOMAN]

http://msnbc.msn.com/id/11526449/

Another article regarding pension funds.

 

[AIRWOMAN]

From Just Plane News
News & Information for the
Employees of US Airways

Can the legacy airlines become profitable without bankruptcy?
US Airways and United are the only two legacy carriers that are “boldlyâ€￾ predicting profits for 2006, according to the Chicago Tribune (free registration). The paper also writes that “it is no coincidence that the two … also are carriers that recently left bankruptcy protection.â€￾ Each carrier cut billions of dollars in costs during bankruptcy and both scrapped pensions in favor of less-expensive retirement plans, something experts say could give them resiliency if industry conditions worsen. "They should be able to absorb more punishment if fuel prices go up," John Pincavage, aviation analyst with Pincavage and Associates, says of the carrier. "If you can eliminate a couple billion of dollars in liabilities, it certainly gives you a leg up on those who haven't done that."

 

[Mr Eagle]

I Have Heard So Much about this SO CALLED Pention that the IAM Has & some Unions have contibuted to. I have Many Question's. Can some one Please Share with THE Honest Hard Working People Just Exactley HOW Much One Could Expect to Be Placed in One's Bank Acct. Each Month/Week/Year? You IAM people Are So Quick to Brag up YOUR pention Fund,I Do Not Hear or See Much In the Way of Figure's to Back up YOUR Great IDEA of Retirement.

I Prefer OUR 401K It Give's Me
Choice's Not Empty Promise's.
MWW W/USAIRWAYS Tech.

This Was Already Asked Mr 700,Can You Please Answer the ?'s For the People YOU MY FRIEND Are Trying to Influence. More of Your Brainwashing Tactics. Just answer the Basic ?'s.. MWW

 

[Tim Nelson]

The only way we could ever work towards any of that is to first get into one union. THe IBT is the only union where that is an option at the moment. If you stay IAM we will always be split up due to AFL-CIO rules on raiding. The IAM isnt about to give up its ATD nor is the TWU.

So in a way it is an option, vote IBT.

The IAM pesion hasn't practical portability. Also a 401k allows flexibility to pay for college, mortgage, or health crisis. IAM offers possible suspended payments so, so much for iron clad IAM guarantee. Plus if the IAM loses its aerospace plants in California and the west coast at the continued alarming rates, then the plan may end up underfunded. Oops sorry.

regards,

 

[Mr Eagle]

The IAM pesion hasn't practical portability. Also a 401k allows flexibility to pay for college, mortgage, or health crisis. IAM offers possible suspended payments so, so much for iron clad IAM guarantee. Plus if the IAM loses its aerospace plants in California and the west coast at the continued alarming rates, then the plan may end up underfunded. Oops sorry.

regards,

Where Are The TWO IAM Stooge's When It Comes To Talking PENSION's,& The Fact that the Mechanics DO NOT HAVE A PENSION FUND,@ US AIRWAYS. They Do not want to talk about the FACTS. They Want To Brain Wash Every Person They Think is READING WHAT THEY ARE LAYING DOWN.
The VOTE WILL SURPRISE ALL OF US. MWW

 

[700UW]

You really need to read the IAM/US CBA.

All of us have who were there before 1/6/05 have a DCP which was taken over by the PBGC.

Since 1/6/05 we all have a DCP which is a pension plan.

Don't let the facts get in your way.

Care to insult us anymore?

 

[Awa Contract]

What they need is to dump the IAM

 

[delldude]

Where Are The TWO IAM Stooge's When It Comes To Talking PENSION's,& The Fact that the Mechanics DO NOT HAVE A PENSION FUND,@ US AIRWAYS. They Do not want to talk about the FACTS. They Want To Brain Wash Every Person They Think is READING WHAT THEY ARE LAYING DOWN.
The VOTE WILL SURPRISE ALL OF US. MWW

Mick Wack Wack knows all sees all..Wack Wack Wack....

 

[delldude]

Where Are The TWO IAM Stooge's When It Comes To Talking PENSION's,& The Fact that the Mechanics DO NOT HAVE A PENSION FUND,@ US AIRWAYS. They Do not want to talk about the FACTS. They Want To Brain Wash Every Person They Think is READING WHAT THEY ARE LAYING DOWN.
The VOTE WILL SURPRISE ALL OF US. MWW

MICK....repeat after me...I love IAM....I love IAM....

I am IAM...I am IAM....I am happy with IAM....