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They may lose out on future accruals, but a lot of the workforce is senior and won't be getting much from the pension as it is. Don't bank on the pension being the saving grace of the IAM.700UW said:If the IAM is voted out at US Airways, they will certainly lose any future pension accruals.
They have already had one pension terminated, PMUS IAM members wont vote to lose another pension.
You are being dishonest once again.
It won't be enough to polish the turd that the alliance will be.700UW said:It was a tremendous plus in the raid from the ibt.
It was the only plus that kept the IAM in. Also, most were well educated on the teamsters pension funds and how they were handled. Like Blue said, most are older and will not lose their pensions. They will have what they have and a new union coming in would have to by law enforce the current contract in place, period. Just AMFA had to do when they replaced the teamsters here, they came in and enforced the current contract the teamsters left them with. Your threats of the US membership losing their pensions is just yet another scare tactic. Just how far are you willing to go with these scare tactics? Pathetic...700UW said:It was a tremendous plus in the raid from the ibt.
Exactly. It's the only thing this alliance has left to use to try and keep themselves within the mechanics ranks in the airline industry.iluvaa said:Way to use fear to keep your sheep in line.
And he (700UW) is not a AMT poking his nose around where it should not be in.swamt said:It was the only plus that kept the IAM in. Also, most were well educated on the teamsters pension funds and how they were handled. Like Blue said, most are older and will not lose their pensions. They will have what they have and a new union coming in would have to by law enforce the current contract in place, period. Just AMFA had to do when they replaced the teamsters here, they came in and enforced the current contract the teamsters left them with. Your threats of the US membership losing their pensions is just yet another scare tactic. Just how far are you willing to go with these scare tactics? Pathetic...
Not everyone said ibt would beat IAM. I, for one, said the only thing that will save the IAM is the pension, do to people not knowing what will really happen when the new union was to take over. If it were not for the scare tactics from the IAM telling its members that they would lose their pensions, and the fact that the teamsters just recently screwed up their pensions big time, the membership at US would be represented by ibt now. Make no mistake about it. Now the membership is tired of being tired, they are getting more info and not lies and scare tactics to help them with their choices. It's only a matter of time for the TWU and the IAM...700UW said:And everyone was saying the IBT was going to beat the IAM, how did that work out?
More misinformation from you.swamt said:It was the only plus that kept the IAM in. Also, most were well educated on the teamsters pension funds and how they were handled. Like Blue said, most are older and will not lose their pensions. They will have what they have and a new union coming in would have to by law enforce the current contract in place, period. Just AMFA had to do when they replaced the teamsters here, they came in and enforced the current contract the teamsters left them with. Your threats of the US membership losing their pensions is just yet another scare tactic. Just how far are you willing to go with these scare tactics? Pathetic...
It is not misinformation. THEY WILL NOT LOSE THEIR PENSIONS---PERIOD!!!700UW said:More misinformation from you.
If you are not an IAM Member any longer they will not be allowed to participate in the plan and accrue future earnings, that is in the plan, and if that happens, the money the company contributes to the plan stops and they keep any future payments, until a new CBA is negotiated.
So please explain to the board how AMFA can enforce the pension when the plan's terms are quite clear and legal and the pension have put letters out to all the US IAM members stating that.
See Fleet at US have a remedy if they are not in the plan anymore, M&R dont.
Steve Sleigh who is the fund director and a lawyer put out the official letter.
So you know more than the Plan, its director and the actuaries?
You can only be in the plan if you are an IAM Member or in a Coordinated Bargaining Unit.
So dont let the facts get in your way.
And No guarantee that with the alliance the future contributions will continue.ThirdSeatHero said:If the US Mechs go AMFA, they will not lose their pensions.
While it is true that they will not gain anymore in said pension after AMFA is certified, it is also true they will not lose what they have already vested in the plan.
As for the company's contributions to the plan on behalf of the mechanics - just because the IAMPP will no longer accepts the funds after an AMFA win, doesn't mean the company simply gets to keep the money.