JCBA Negotiations and updates for AA Fleet

[Albert]

Ah crap. My condo just caught fire and I didn't make my last insurance payment on it.

I'm screwed man.

Looks like you will be driving around the neighborhood looking for furniture people are throwing away. Isn't that how you furnished your condo last time?Maybe I'll just send you $500 that should take care of the entire apartment. Be careful with those hot plates Weez

 

[WeAAsles]

twu might as well just fold into iam. unfreeze our pension, and put it into the iampf.

Thinking that there is a Scary Monster hiding under your bed when you become a grownup is rather silly don't you think?

There are no Scary Monsters under your bed.

 

[WeAAsles]

Looks like you will be driving around the neighborhood looking for furniture people are throwing away. Isn't that how you furnished your condo last time?Maybe I'll just send you $500 that should take care of the entire apartment. Be careful with those hot plates Weez

Al I'm sleeping on a cot in the pool house bro. I got a fat old neighbor who keeps waking me up every morning to change into a speedo for a morning swim.

Dudes starting to piss me off man.

 

[anotherdelay]

P Rez is forgetting a little thing called compounding interest that is the basis of any 401k
plan. He is trying to compare apples and oranges.

Actual (Not Assumption)
Employee C is topped out and earns $90,000 per year.
In 1987 Employee C earned $28,000 his first year at AA
Employee C did not believe in a perfect world and felt he needed to
fund his own retirement.
Even at $10 per hr employee C was able to put 5% in his 401k.
Over 30 years employee C was able to increase his contribution %
which also helped lower his income taxes.
And when employee C was able work overtime he found he could increase
his % again. So after 30 years (401K plans are designed long term not ten years)
Employee C is looking at a nest-egg of one mil - + (even after getting hammered by the dot-com bust)

Employee C is a real person who is debt free living in a very comfortable home in a low cost
area of the country, he still has his 25 years earned in his AA pension & SS.

Employee C's point is you cannot compare a 401K and a pension in only a 10 year cycle.

all that is reasonable, and throw in what is known about low cost index funds, and what is known about actively managed funds. Its really the best way to go at this time.

that said, the main problem pensions have, is low interest rates and duration risk. These funds and the way they are structured are being killed by low interest rates, and high costs. Look I support this Prez guy, he's probably iam, and I hope he gets what was promised him, but twu supporting what is essentially a ponzi/pyramid scheme, and inferior pension plan is wrong direction for members. Also, with this pension, it creates two separate contracts ad infinitum.

 

[anotherdelay]

Al I'm sleeping on a cot in the pool house bro. I got a fat old neighbor who keeps waking me up every morning to change into a speedo for a morning swim.

Dudes starting to piss me off man.

you can't discuss an opposition to your position. No offense but this is serious stuff, and you have only a very rudimentary understanding, of this issue. That's why your turning to frivolity. Next will be petulant spoiled ad hominen attacks.

 

[WeAAsles]

you can't discuss an opposition to your position. No offense but this is serious stuff, and you have only a very rudimentary understanding, of this issue. That's why your turning to frivolity. Next will be petulant spoiled ad hominen attacks.

"Ad hominen"

Hi Tim. How's things going for you? Need to learn how to disguise that writing style of yours better.

No attacks. Just do not agree with your position on the issue.

Josh.

 

[WeAAsles]

Sorry you are 100% wrong, maybe because I'am on M&E side we see the future differently. But
a lot of our jobs have left to non-union venders and the new AA looks like it has no intention of
bringing future work in house, can you tell me that other companies that have IAMPF members
are any different. Most of my fellow employees have lost all trust in the TWU after we were told
we would have a vote on the Ass., then were not given that option. I have found countless financial
publications that do not endorse MCPP's, and not one that have zero skin in the game. Speaking
for the membership that does not trust the TWU & have done their own research into MCPP's we
feel it is our responsibility to use our voices

Making this simple this time. I support choice. Particularly choice for the new hire who just started and has 40 years ahead of him.

The World doesn't revolve around us over 50 crowd alone.

 

[anotherdelay]

Things are good for me. Who is Tim?

 

[anotherdelay]

Making this simple this time. I support choice. Particularly choice for the new hire who just started and has 40 years ahead of him.

The World doesn't revolve around us over 50 crowd alone.

yes it doesn't, but we aren't being given choices either.

 

[Albert]

Weez that scary monster does exist, even cut my pension benefits by 40% and I have 10 years to go until retirement.

 

[WeAAsles]

Things are good for me. Who is Tim?

Not interested Tim. Go away.

 

[WeAAsles]

Weez that scary monster does exist, even cut my pension benefits by 40% and I have 10 years to go until retirement.

And my Pension was frozen and I happen to also recall going through and reading about some great Stock Market crashes.

So what's your point?

 

[WeAAsles]

yes it doesn't, but we aren't being given choices either.

Last one on this foolishness. Glad you have a copy of the JCBA already to know that for sure. Can you post a pic where it says that?

Otherwise scram.

 

[Albert]

And my Pension was frozen and I happen to also recall going through and reading about some great Stock Market crashes.

So what's your point?

My terminated pension plan not coming back the 40% reduction in my IAMPF not coming back. Stock market recovered for the most part. I got my fingers crossed that's pretty much all you can do actually you would save a fortune if you stayed away from those "Meet a Russian Girl" websites

 

[WeAAsles]

My terminated pension plan not coming back the 40% reduction in my IAMPF not coming back. Stock market recovered for the most part. I got my fingers crossed that's pretty much all you can do actually you would save a fortune if you stayed away from those "Meet a Russian Girl" websites

Stock Market recovery took many years and people's 401k's never really recovered from where it would have been without all those Market Meltdowns there buddy.