JCBA Negotiations and updates for AA Fleet

[NYer]

I believe the latest numbers are approx 7,200 and 2,300. But those numbers contractually can increase. In particular, in the stations that are not covered under the 13 stand alone stations named in the Twu CBA. Those station theoretically could become 100% pt. ( I think ). In addition to those stations, the number can increase on a 1 for 1 basis in the stand alone stations. That in itself says there is no actual cap.
IMO the goal of the NC should be to get a finite %. At the least, that would contractually prevent the number of pt. How that could effect station by station I think is anybody’s guess.

If the JCBA goes to a percentage, and it's over 28%, then that would be a hit for the TWU side.

If we lose or modify language in Work Schedules and/or Overtime, then that would also be a hit for the TWU side.

 

[WeAAsles]

Pensions worked when the average worker was making say $10 to $15 an hour, and people didn't live much past 65. The math doesn't work anymore.

Ok wait a minute here. How would the math not work if people are living longer? Theoretically it was supposed to be your 401k supplementary income that would (still will) drain out if you don’t croak at the max age you thought you would (Oh chit I’m still alive)

A Pension whether Defined Benefit or Multi Employer is like a community pool where you all assist each other propping up the old bones.

The Average life expectancy in the US for a male is still about 74. If I’m getting $3000.00 per month from my Pension the idea is I’ll get that whether I live to 74 or 94. The Community investment your Company made in you maybe being exhausted or maybe benefiting the next guy? (And your 401k supplement being passed to your kids)

But we’ve been bamboozled, flimflammed, hoodwinked and fooled into the belief (portability) that we’re better off with just and only that 401k despite how little the Company contributes to it in your name. And when it’s done Ha Ha, so are you, living in that van down by the river.

Now what I like is.

DBP Pension, (Maybe add a Multi Employer also?)
My 401k (currently at 22% working on upping even more)
Property
Reliable (paid off) vehicle
Healthcare
Social Security
And maybe moving to a nice low cost retirement community area (Expatriate)

Only schmucks are gonna put those eggs all in one basket driver.

 

[WeAAsles]

Pensions worked when the average worker was making say $10 to $15 an hour, and people didn't live much past 65. The math doesn't work anymore.

BTW those people making $10 to $15 per hour were the retirees from the 1970’s. In the 70’s $15 per hour was damn good money.

But you’re right that those old drinkers, smokers and hard living group didn’t live quite as long as some today.

But they also retired with SPECTACULAR Pensions.

 

[WeAAsles]

If the JCBA goes to a percentage, and it's over 28%, then that would be a hit for the TWU side.

If we lose or modify language in Work Schedules and/or Overtime, then that would also be a hit for the TWU side.

Maybe you should have been in the Negotiations then if you were really concerned at all about possible changes.

Oh well I guess.

 

[NYer]

Our latest seniority roster had us between 7,000-8,000 members. If TWU has only 9,000 then somewhat similar.

There are more than 10,000 FSC on the TWU side, which includes Crew Chief/Leads.

The PT/FT floors do not include Crew Chiefs in the mix.

 

[737823]

I will agree that Kev seems to be a straight shooter. Now show us your banker skills and refute math. I don't want your hatred towards the IAM, do the math. About 9 months ago I showed several scenarios regarding pension versus 401k. Math showed the pension as the better alternative. I have both and believe in both, pension first, 401k as a supplement. I will repeat, all American workers should have a pension and supplement that with a 401k. Refute that.

P. Rez

Happy to do some analysis but wouldn’t that require you share the details of confidential proposals with the company? I certainly don’t want or expect that.

Could be done with assumptions of an average annual rate of return and we would assume people put in enough to maximize whatever match you negotiate.

What is the current IAMNPF company contribution and benefit amount per year of vested service? Also IAMNPF contribution stops at 1040 hours, where as 401K match and contribution is a percentage of earnings and would increase with overtime, shift premiums, etc.

Josh

 

[737823]

A certain schmuck out there we all know could be putting another $12,000 per year into that 401k he talks about so much?

The federal limit for an employee contribution (traditional or Roth [grows tax free and uses after tax dollars) is currently $18,500, up from $18,000 last year. For a TOS FSC like yourself to fully maximize that would be ~29% contribution.

Josh

 

[737823]

Weez why don’t you want Geo pay now that you are in a lower cost area?

Josh

 

[WeAAsles]

The federal limit for an employee contribution (traditional or Roth [grows tax free and uses after tax dollars) is currently $18,500, up from $18,000 last year. For a TOS FSC like yourself to fully maximize that would be ~29% contribution.

Josh

To entertain you only momentarily. Your comment implies that my 401k is the only vehicle I’m invested in for my future.

But what I have learned about making a heavy investment in my 401k over items that have a fixed payment after 03 and the BK is that if I ever have a need for more day to day Capital, I can always modify the percentage I’m putting in and raise my take home pay.

And my two loans Mortgage and Car payment are extremely low interest due to a great Credit Score keeping my Credit Cards balance low and paid off. And I also have a nice cushion in my Checking and Savings as well.

 

[WeAAsles]

Weez why don’t you want Geo pay now that you are in a lower cost area?

Josh

I’ve been in the same location (MIA) for the last 7 years.

I pushed for Geo pay and the Negotiators weren’t keen on the idea so that topic is finished.

Once a topic has been decided (like the OT and CS Swap Shift) it’s an annoying trait of an individual to continue to harp and harass about it.

You learn to accept and adapt.

 

[WeAAsles]

The federal limit for an employee contribution (traditional or Roth [grows tax free and uses after tax dollars) is currently $18,500, up from $18,000 last year. For a TOS FSC like yourself to fully maximize that would be ~29% contribution.

Josh

Oh and you forgot to mention the catch up contribution (Tax deferred, not free) of I believe it’s an extra $6000 if you’re over 50.

 

[737823]

To entertain you only momentarily. Your comment implies that my 401k is the only vehicle I’m invested in for my future.

But what I have learned about making a heavy investment in my 401k over items that have a fixed payment after 03 and the BK is that if I ever have a need for more day to day Capital, I can always modify the percentage I’m putting in and raise my take home pay.

And my two loans Mortgage and Car payment are extremely low interest due to a great Credit Score keeping my Credit Cards balance low and paid off. And I also have a nice cushion in my Checking and Savings as well.

Nice Weez.

Also you should do the full $5500 in a Roth IRA (also grows tax free).

Do you put in the full $18.5k? You are silly to pass on the tax free growth if you aren’t.

Josh

 

[737823]

Weez I hope you coach Michel to live well below his means, max out the full $18.5k on the 401K and not borrow money to also have a solid financial future.

Josh

 

[WeAAsles]

Nice Weez.

Also you should do the full $5500 in a Roth IRA (also grows tax free).

Do you put in the full $18.5k? You are silly to pass on the tax free growth if you aren’t.

Josh

I’m satisfied with how I chose to invest.

 

[Racer X]

If the JCBA goes to a percentage, and it's over 28%, then that would be a hit for the TWU side.

If we lose or modify language in Work Schedules and/or Overtime, then that would also be a hit for the TWU side.

I believe the Twu agreement does not have a cap on pt percentage. ( If that is correct) The company can raise the number practically whenever they choose. So contractual language limiting pt % is better than not having language. I agree that the Twu currently is at approx 28% but that can change very quickly. Also the Pt % in most stations is much higher than 28%. Other than DFW ( which is approx 10-11%). IMO, as stated in previous text, is that many stations could actually see More Ft and less Pt if the company chose to add Pt to DFW. ( assuming of course that the language for floors would no longer exist)
The OT as I hear has to change one way or the other, as the language for TWU and IAM differ so much. Not sure one way or the other which is better or not. But one thing Better for the Twu members, they will be getting 2x pay language.