IAM Welcomes America West Maintenance Instructors

[700UW]

A defined benefit plan is not money out of your pocket, a 401k is, the IAMNPF is over $7 billion in assets and growing.

 

[Bird Doctor]

You probably didn't buy any US AIRWAYS stock after the merger did you ?? Making some good returns on that stock also.

 

[Bird Doctor]

A defined benefit plan is not money out of your pocket, a 401k is, the IAMNPF is over $7 billion in assets and growing.

I went from 10% to 15% investing in the 401k plan and added $75.00 a pay check to my funds and took home $5.00 less. WOW 1 less Starbucks every 2 weeks and look what it did for me:
30APR05/28APR06
Your Personal Rate of Return

This Period 73.1%

Your Personal Rate of Return is calculated with a time-weighted formula, widely used by financial analysts to calculate investment earnings. It reflects the results of your investment selections as well as any activity in the plan account(s) shown. There are other Personal Rate of Return formulas used that may yield different results. Remember that past performance is no guarantee of future results.

I just can't see why anyone would't want to be in a 401k plan

 

[awausairtech]

I went from 10% to 15% investing in the 401k plan and added $75.00 a pay check to my funds and took home $5.00 less. WOW 1 less Starbucks every 2 weeks and look what it did for me:
30APR05/28APR06
Your Personal Rate of Return

This Period 73.1%

Your Personal Rate of Return is calculated with a time-weighted formula, widely used by financial analysts to calculate investment earnings. It reflects the results of your investment selections as well as any activity in the plan account(s) shown. There are other Personal Rate of Return formulas used that may yield different results. Remember that past performance is no guarantee of future results.

I just can't see why anyone would't want to be in a 401k plan

Good Job BIRD!!!!!
And the iam pension MORE IAM BULL S.

 

[awausairtech]

IAM Welcomes America West Maintenance Instructors
The National Mediation Board has extended the IAM’s certification for US Airways Maintenance Training Specialists to cover Maintenance Instructors from the former America West Airlines.

“These new members will join their US Airways colleagues under the existing IAM contract and begin accruing benefits under the IAM National Pension Plan,â€￾ said Transportation GVP Robert Roach, Jr. “We look forward to providing the same IAM benefits to America West’s Mechanics and Fleet Service personnel in the very near future.â€￾

The IAM National Pension Plan provides US Airways Maintenance Training Specialists a monthly benefit of $148.66 per year of credited service and is scheduled to increase this July.

HAY 7 The America West Maintenance Instructors ARE JUST SO THRILLED, CAN YOU DO THEN A FAVOR AND [deleted by moderator] B)(lub it up)lololololololol

 

[700UW]

Wow, such intelligence and maturity.

Guess you can't handle the truth you were shown to be wrong!

 

[awausairtech]

Wow, such intelligence and maturity.

Guess you can't handle the truth you were shown to be wrong!

TIME WILL TELL MY LITTLE NO LICENCE MAN.
(LICENSE) Just for you 7.....Don't worry when I vote for the IBT I will get it RIGHT!!!!!!

 

[700UW]

License, take your out and read it so you can spell it correctly, and your worship your box loading Andy Marshall and he has no license either.

 

[awausairtech]

:cop:
deleted by moderator- stop the insults or you will spend some time in the cornfield.

 

[awausairtech]

A$$???????????????? NOW 7 DID YOU CRY TO the Moderator again, what is he a IAM BOY.

a dollar dollar delete this then.(cen·sor·ship (sĕn'sər-shĭp')
n.
The act, process, or practice of censoring.
The office or authority of a Roman censor.
Psychology. Prevention of disturbing or painful thoughts or feelings from reaching consciousness except in a disguised form.


FREEDOM OF SPEECH
gag law
n.
A law intended to limit freedom of the press, as by instituting censorship or restricting access to information.

INTERPRETATION:
in·ter·pre·ta·tion (ĭn-tûr'prĭ-tā'shən)
n.
The act or process of interpreting.
A result of interpreting.

An explanation or conceptualization by a critic of a work of literature, painting, music, or other art form; an exegesis.
A performer's distinctive personal version of a song, dance, piece of music, or role; a rendering.
in·ter'pre·ta'tion·al adj.

 

[EricLv2Fish]

I just can't see why anyone would't want to be in a 401k plan

Some people like others to do all the thinking for them. A 401K offers so much more than a pension plan IMO and knowing what has happened to many pension plans...keep the pension plan and let me have control with a 401K.

 

[700UW]

IAM Pension Plan Information at US Airways

 

[EricLv2Fish]

Thanks 700UW, but I'm not convinced the IAM pension plan is a better deal than my 401K that has earned an average of 27 percent since I got in 3 years ago. Top that off with the company matching 50% of my contribution (upto 6% of monthly gross) and the fact I can..and have taken emergency loans (paid em off already). The flexibility is great. I can view my investments online 24/7, change my contributions, change my investments. Nope. Keep your pension plan where you might get a monthly statement with little or no control and the potential for the pension benefit to vanish or worse yet be turned over to the government at a reduce amount. Thanks, but no thanks.

A defined benefit plan is not money out of your pocket, a 401k is, the IAMNPF is over $7 billion in assets and growing.

700UW as much as you research stuff what your saying is simply not true. Any benefit the company "gives" you comes at a cost whether you realize it or not.

The 401K, while yes...you make a contribution...the company matches your contribution (50%) so if you want to talk about free money this is as good of an example as your pension plan.

 

[openview]

What is the amount US contributes to the IAM pension fund either annually or on average per worker in the IAM?

That would give you somewhat of a comparison of the two.

Though the portibility of a 401k and the guarantee the money is always yours is a valuable consideration.

 

[delldude]

I went from 10% to 15% investing in the 401k plan and added $75.00 a pay check to my funds and took home $5.00 less. WOW 1 less Starbucks every 2 weeks and look what it did for me:
30APR05/28APR06
Your Personal Rate of Return

This Period 73.1%



I just can't see why anyone would't want to be in a 401k plan

just wait and see what a trip through BK court does to your weighted return...

several friends learned what wiped out means....

Fred Said,never invest in the company you work for.....enron...global crossing...worldcom.

:cop:
deleted by moderator- stop the insults or you will spend some time in the cornfield.

don't mess....take it from one who's been there done that