IAM Welcomes America West Maintenance Instructors

[EricLv2Fish]

This was a tough nut to crack for the West trainers. Although some one tried.

I'm not understanding the meaning of your last statement. What was a tough nut to crack for the West trainers? It seems their nuts were cracked...???

 

[EricLv2Fish]

Once again you all distort the facts.

A pension plan such as the IAMPF cannot be terminated by the courts, it is a multi-employer plan that will pay you full benefits no matter what happens to your company.

The IAMNPF benefits are not lowered due to the stock market swings unlike your 401k.

Funny I had a DBP for 17 years and it did not cost me a penny nor does the current DCP plan, but the 401k money is my money out of my check every single week lowering my take home income.

Don't you think a pension plan is all part of the whole cost to the company equation? Nothing comes for free If you think it's a freebie...think again. I think most prefer a 401K because YOU have control over YOUR money and the COMPANIES contribution money. Any union having control over my money makes me very nervous especially with all the pension defaults recently. The PGBC or whatever it's called is a JOKE

Howbout the IAM negotiate the option to go 401K with company contribution, or a union controlled pension plan?
Personally, I want control over my future retirement fund and it should be a PERSONAL decision...not just hand it over to some other entity that really doesn't have my best interests at heart. Those who want to put their future in someone elses hands should have that option

 

[Mr Eagle]

Pensions are gauranted,

Guess you never heard of the PBGC?

Just because all groups at US had our Defined Benefit Plans terminated our benefits (some reduced) will still be paid by the PBGC, you dont lose your pension.

The IAMNPF is a multi-employer plan, meaning if your company goes out of business your pension will still be paid at maximum benefit levels and not reduced.

Is your 401K gauranteed?

Go ask all the people that lost thousands on US stock, Enron, and when the market drops your 401k drops, plus a pension plan is not money out of your pocket while a 401k is money that is earned by you.

The 401k money is not in your pocket, is has stringent requirements to get to it in case of need and you are taxed on it when you start drawing down on it. You get less money per week in your check as the 401k money is deferred income.

I Will ASK you One More TIME for ALL The People,Give Us Some IDEA,What You Are Bragging upon,(PENSION'S).They Are Not Guranteed. Ask the NWA, UAL,Etc: People.There retirment has Have Been reduced by Approximatley 1/2 of What they were getting ,many are Going Back to Work. They Have to Because they Can not Afford to Remain retired. Explain that to The Many Retire'd People that have come out of retirement. @ UAL & NWA. MWW

I will ask you also to Go Back to the Thread on IAM,PENSIONS,that was Discussed in Length. MWW

 

[700UW]

The IAMNPF is a seperate entity from the IAM, it is run by a fund director who is appointed by the trustees of the plan which are made up of IAM selected members and management selected members from the companies that participate in the plan.

Maybe you need to go to their web page and educate yourself on it.

As I have all ready said before the PBGC guarantees the pension plan, some benefits are reduced, it depends on your age and years of service, they are not cut in half for the average worker.

The IAMNPF is not a pension plan a company can terminate, it is a multi-employer plan, do you understand the difference between a one company plan and a multi-employer?

 

[EricLv2Fish]

The IAMNPF is a seperate entity from the IAM, it is run by a fund director who is appointed by the trustees of the plan which are made up of IAM selected members and management selected members from the companies that participate in the plan.

That's enough for me. I want control.

 

[BrutallyHonest]

According to Bill O'Driscoll, Tom Regan and Bill Frieberger, it will be higher then the ramp and lower then the MTS.

It was told to us at a meeting in CLT back in November, were you there? Don't think so.

No but I heard regan say in the last 2 months that he doesnt expect it to be much higher than $50 to$60 bucks per year to start. Where you even on the payroll in 2006?? Didnt think so! :down:

 

[700UW]

I will ask Tommy the next time I talk to him.

 

[Mr Eagle]

The IAMNPF is a seperate entity from the IAM, it is run by a fund director who is appointed by the trustees of the plan which are made up of IAM selected members and management selected members from the companies that participate in the plan.

Maybe you need to go to their web page and educate yourself on it.

As I have all ready said before the PBGC guarantees the pension plan, some benefits are reduced, it depends on your age and years of service, they are not cut in half for the average worker.

The IAMNPF is not a pension plan a company can terminate, it is a multi-employer plan, do you understand the difference between a one company plan and a multi-employer?

If You Are TRYING to Sell US AIRWAYS MECHANICS & Con them into Beleaving in a Pension.You Will Have to have Some Example's before we Buy into your Proposed plan for an IAM PENSION PLAN that Mechanics are PARTICIPATING INTO.
I Will Stay With What Works & VOTE IBT, WHEN THE NMB Brings the VOTE TO THE FRONT OF THE ISSUE.
THE FAT LADY HAS NOT SUNG YET,, MWW

 

[BrutallyHonest]

I will ask Tommy the next time I talk to him.

And he will tell you until they can get the particulars on the AW mechs that no dollar figure is attainable. And when you get the REAL answer you can come back on here and tell everyone that you were WRONG. The starting figure will be way lower than what you are saying. Otherwise the iam would have put the dollar amount out and the union battle between them and the ibt would be swayed their way. Your numbers are way off. I guarantee!

 

[700UW]

A dollar figure cannot be put out as there are NO negotiations between the IAM and US because of the ibt filing for an election.

Don't let the facts get in your way.

 

[Dog Wonder]

It seems their nuts were cracked...???

Why do you say that?

 

[Mr Eagle]

A dollar figure cannot be put out as there are NO negotiations between the IAM and US because of the ibt filing for an election.

Don't let the facts get in your way.

No the REAL REASON is THERE IS NO PENSION FOR THE US AIRWAYS MECHANIC's.& It Is Not BECAUSE OF THE IBT,it is Because you all DO NOT WANT TO DO ANYTHING TILL 2009.
THE IAM HAS ALSO FILED NMB SUITS ALSO. MWW

 

[Dog Wonder]

No the REAL REASON is THERE IS NO PENSION FOR THE US AIRWAYS MECHANIC's.& It Is Not BECAUSE OF THE IBT,it is Because you all DO NOT WANT TO DO ANYTHING TILL 2009.
THE IAM HAS ALSO FILED NMB SUITS ALSO. MWW

MANAGEMENT STOOGE ALERT!!!!!!!

 

[700UW]

The IAM filed for single carrier status, so they could negotiate a transition agreement with the company, by the ibt filing that has delayed everything.

The IAM's filings are in response to the ibt.

 

[BeenThereDoneThat]

real easy....they're under the railway labor act ......not NLRB rules. 😉

:down: Regardless of the RLA or NLRB: the individuals DOhave the right NOTto become a union member. They DOhave to pay their fair share (dues) to any union that represents that particular group.