JCBA Negotiations and updates for AA Fleet

[gulfcoast1]

Obama really hated big business....$400,000 worth of one speech.

As far as negotiations go, many of us thought maybe, just maybe, they would take the pest of both the IAM and TWU contracts.....Maybe they want the worst of both?

And Obama and his party blocked attempts to restrict worker's rights for overtime and got health insurance for those who did not have it. As negative as that speech might be, idc how many speeches he gets paid for after protecting current overtime rules. I don't think the speech money came out of our pockets and it did not come out of our overtime. Both parties have done big favors for corporations I agree with that, but the Democrats are not the party trying to fight overtime rules or bust up unions.

 

[gulfcoast1]

Let's make this real simple for both AMT's and Fleet...
Charlie Brown and/or Prez, will the TWU be forced into the IAMPF, and, is there discussion about the company handing over the AA pension to the IAM? I await your response.

It appears we will not be forced, which is good because the more I read about the IAMPF on here, the less willing I am to join. I am not trying to be negative about it, but after having built up an AA Pension for many years and then the 401k, I think I am past the point where I want to start a new plan. Unless it was really a good deal for LAA Employees, I think that it would be a 'No Vote' for me. I don't see the Company agreeing to anything that is a really good deal pension-wise for all of us. There are just too many of us, which would mean a 'No Vote' for me if the IAMPF was the only option. Those of us who are more senior should be allowed to continue with what we have, but I do think we should have a higher 401k match in lieu of joining another pension. What do you think AA?

 

[AANOTOK]

You are correct that we are not in the room anymore. However you are not correct on your backdoor deals. Everything is still shared and presented to the committee to review and approve. As far as answering Aanotoks question? I don't know at this time. I don't think they will be forced, but I also think after they have seen the PROJECTED rate for the pension. Most of the TWU won't have to be forced. And yes I say projected, because I am a firm believer that neither your pension, 401k, or social security are guaranteed. We need all of them and maybe if we are lucky we will get 2 of the 3.

As always, thank you for your reply. As I'm sure you have read, I am NOT a fan of the Association, yet you come on here and in a professional manner, you reply and give answers. It is appreciated, CB.

 

[chilokie1]

You are correct that we are not in the room anymore. However you are not correct on your backdoor deals. Everything is still shared and presented to the committee to review and approve. As far as answering Aanotoks question? I don't know at this time. I don't think they will be forced, but I also think after they have seen the PROJECTED rate for the pension. Most of the TWU won't have to be forced. And yes I say projected, because I am a firm believer that neither your pension, 401k, or social security are guaranteed. We need all of them and maybe if we are lucky we will get 2 of the 3.

Most? What does that mean? Any is a problem for me! Forcing any member of the TWU to join
is no vote for me.

 

[P. REZ]

Most? What does that mean? Any is a problem for me! Forcing any member of the TWU to join
is no vote for me.

Nobody will be forced. He is saying when everybody sees what pension pays out, many will vote yes.

P. Rez

 

[WeAAsles]

You are correct that we are not in the room anymore. However you are not correct on your backdoor deals. Everything is still shared and presented to the committee to review and approve. As far as answering Aanotoks question? I don't know at this time. I don't think they will be forced, but I also think after they have seen the PROJECTED rate for the pension. Most of the TWU won't have to be forced. And yes I say projected, because I am a firm believer that neither your pension, 401k, or social security are guaranteed. We need all of them and maybe if we are lucky we will get 2 of the 3.

CB have you heard if the projected liabilities of the plan are expected to level off at some time? I do understand that those liabilities are future forecasted and that the funding assets are current figures. But that funding level letter notice that just came out you'd have to understand would give anyone pause to start asking hard questions and it needed to be shared. The Baby Boomers are heading to the Golf Courses now. I was born in 1965 so I'm tail end Boomer early Gen X myself.

I'm sure our Leaders have already gone over and been well advised on the fund and the loads of mathematics that come with it. But we are going to have many members that will also want to see/know and understand those figures as well or else if it is included in our JCBA as a package of (maybe) IAMPF "and" 401k Match they're going to feel like they're being forced to accept it to not sacrifice everything else that may be in the FULL CBA.

But I still stand by my comment that it's not at the top of my list of priorities I'm looking for when the offer hits my computer/desk. But others are going to focus in on it.

 

[chilokie1]

Nobody will be forced. He is saying when everybody sees what pension pays out, many will vote yes.


P. Rez

My bad I miss read his statement, but I think the TWU is doing its membership a disservice
by endorsing the plan. And having a TA with the IAMPF included in any way is endorsing
the plan.

 

[WeAAsles]

My bad I miss read his statement, but I think the TWU is doing its membership a disservice
by endorsing the plan. And having a TA with the IAMPF included in any way is endorsing
the plan.

Chil none of us know yet for sure who in the TWU Leadership might or might not be endorsing the fund as a sound retirement investment? We haven't had the same access yet to be able to make the most "informed" decisions possible for us as individuals.

The Little letter does clearly state that the TWU is basically required to support our inclusion if agreed by the Company or (of course) support the continuance of the fund for current participants.

If it did wind up being a one or the other choice I just personally want more information than I have currently on it to be able to read.

 

[conehead777]

You are correct that we are not in the room anymore. However you are not correct on your backdoor deals. Everything is still shared and presented to the committee to review and approve. As far as answering Aanotoks question? I don't know at this time. I don't think they will be forced, but I also think after they have seen the PROJECTED rate for the pension. Most of the TWU won't have to be forced. And yes I say projected, because I am a firm believer that neither your pension, 401k, or social security are guaranteed. We need all of them and maybe if we are lucky we will get 2 of the 3.

I am a 32 year amt at 52 i at the point in my career where I want real numbers not projections. There are to many real story's where pension have been cut after they people have retired. I for one do not want the iampf. I want the company to do more 401k . And I do not want my frozen aa pension messed with are in other . Words I do not want the iam touching my frozen pension. There may be no guarantees on anything but with my 401k I can control where it goes . I do not trust the iam are twu to do the right thing so I do not want them having my retirement money.

 

[Albert]

I am a 32 year amt at 52 i at the point in my career where I want real numbers not projections. There are to many real story's where pension have been cut after they people have retired. I for one do not want the iampf. I want the company to do more 401k . And I do not want my frozen aa pension messed with are in other . Words I do not want the iam touching my frozen pension. There may be no guarantees on anything but with my 401k I can control where it goes . I do not trust the iam are twu to do the right thing so I do not want them having my retirement money.

Hey Coney rumor out of negotiations is they won't be offering anyone from Avionics anything at all

 

[Tim Nelson]

You are correct that we are not in the room anymore. However you are not correct on your backdoor deals. Everything is still shared and presented to the committee to review and approve. As far as answering Aanotoks question? I don't know at this time. I don't think they will be forced, but I also think after they have seen the PROJECTED rate for the pension. Most of the TWU won't have to be forced. And yes I say projected, because I am a firm believer that neither your pension, 401k, or social security are guaranteed. We need all of them and maybe if we are lucky we will get 2 of the 3.

I certainly hope you advocate for choice on future company contributions. Many of us LUS are uncomfortable putting any more of our money into the iampf hands especially since its unsustainable without deep benefit cuts every 6 years or so including the end of this year unless they allow the funds to drop another 6%. Granted, some enjoy having the company dump their benefits in the iampf because otherwise poor personal decisions would deplete their money.....but all should be given a choice, like our Alaska members.

Further, the company position to do away with our health care plans/cost is lessened now that the 40% excise tax isnt necessarily immanent now that Trumpcare has planned to roll those and other company taxes back. I realize trumpcare isnt law yet but the federal proposal to roll back those 2020 taxes will certainly give the union more leverage since the company was screaming that it couldnt absorb that 40% tax.

 

[Tim Nelson]

Nobody will be forced. He is saying when everybody sees what pension pays out, many will vote yes.

P. Rez

So you guys are goin to do the whole dog and pony show again? You dont know squat so stop lying. You have no idea how it will pay out. You cant even say if the fund trustees wont be putting out a funding cut letter this december. I hope you guys think about LUS and allow us a choice as well on where we want our future contributions to go. Just because you get 2 pensions doesnt give our negotiators the right to limit lus choice.

 

[P. REZ]

So you guys are goin to do the whole dog and pony show again? You dont know squat so stop lying. You have no idea how it will pay out. You cant even say if the fund trustees wont be putting out a funding cut letter this december. I hope you guys think about LUS and allow us a choice as well on where we want our future contributions to go. Just because you get 2 pensions doesnt give our negotiators the right to limit lus choice.

Tim,

Who is lying? I posted what CB was saying. Kindly read my post again. As for what will come out to members, that will be determined at some point in the near future.

P. Rez

 

[bob@las-AA]

If you Google "Pensions that have failed" within 1 second, 10,300,000 article are discovered. If you also Google "Pensions that were cut" 53,700,000 are now discovered, and it took only .67 seconds.

I have found a IAM Pension Calculator, click non-participant and fill in the blanks.

https://ipass.iamnpf.org/nonparticipantpensionestimate.aspx

 

[Tim Nelson]

Tim,

Who is lying? I posted what CB was saying. Kindly read my post again. As for what will come out to members, that will be determined at some point in the near future.

P. Rez

You dont know what it will pay out. Period. The only thing we will know at vote is how much of our money the company will contribute. Nobody will be forced? Do you mean everyone will have an individual retirement choice or that a collective vote will rule?