JCBA Negotiations and updates for AA Fleet

[bob@las-AA]

Year	Rate Of Pay	Yearly Hours	Yearly Gross	% of Pay	Max Contrab.	Pre Tax Yearly Pay
1995	$8.02	2080	$16,681.60	55.39%	$9,240.00	$7,441.60
1996	$8.89	2080	$18,491.20	51.38%	$9,500.00	$8,991.20
1997	$9.92	2080	$20,633.60	46.04%	$9,500.00	$11,133.60
1998	$10.95	2080	$22,776.00	43.91%	$10,000.00	$12,776.00
1999	$11.99	2080	$24,939.20	40.10%	$10,000.00	$14,939.20
2000	$13.02	2080	$27,081.60	38.77%	$10,500.00	$16,581.60
2001	$14.05	2080	$29,224.00	35.93%	$10,500.00	$18,724.00
2002	$15.09	2080	$31,387.20	35.05%	$11,000.00	$20,387.20
2003	$16.12	2080	$33,529.60	35.79%	$12,000.00	$21,529.60
2004	$19.65	2080	$40,872.00	31.81%	$13,000.00	$27,872.00
2005	$19.94	2080	$41,475.20	33.76%	$14,000.00	$27,475.20
2006	$20.24	2080	$42,099.20	35.63%	$15,000.00	$27,099.20
2007	$20.54	2080	$42,723.20	36.28%	$15,500.00	$27,223.20
2008	$20.85	2080	$43,368.00	35.74%	$15,500.00	$27,868.00
2009	$21.16	2080	$44,012.80	37.49%	$16,500.00	$27,512.80
2010	$21.16	2080	$44,012.80	37.49%	$16,500.00	$27,512.80
2011	$21.16	2080	$44,012.80	37.49%	$16,500.00	$27,512.80
2012	$21.60	2080	$44,928.00	36.73%	$16,500.00	$28,428.00
2013	$22.53	2080	$46,862.40	36.28%	$17,000.00	$29,862.40
2014	$23.00	2080	$47,840.00	36.58%	$17,500.00	$30,340.00
2015	$23.48	2080	$48,838.40	36.86%	$18,000.00	$30,838.40
2016	$23.97	2080	$49,857.60	36.10%	$18,000.00	$31,857.60
2017	$30.17	2080	$62,753.60	28.68%	$18,000.00	$44,753.60

[TBODY
[/TBODY]

This is a little table of the historical yearly max contributions by employee. If someone were to have a double income, or live at home with mom and dad, the max employee contribution would only be $319,740.00, Not taking in consideration earnings from day one. My point is, and I will say this with confidence, even the most robust person at the appropriate age for the time of service would have a VERY difficult time amassing this much savings.

 

[WeAAsles]

SWAMT (Southwest Airlines AMT) thinks he works for American Airlines. He's bored to tears on Forums in the SWA threads because he's all by himself over there.

He thinks from reading the people who support his particular points of view only that he's also an expert on OUR Airline. The one I've worked at for 22 (Twenty Two) years.

Now I think maybe he wants to be an AA Baggage Handler too?

 

[dfw gen]

You need to be a little more robust there Bobby. At 62 I'll have achieved the goal of a secure and comfortable retirement. Maybe if you were a competent electrician you would experience the same.

 

[dfw gen]

Give you a little tip there Bobby that's why I went into maintenance instead of staying in stores.
Back to the tip:
Wal-Mart keeps the cat food on aisle 16
If not actually aspire to do something to stay off of aisle 16

 

[Traymark]

How does the math not work for you? Math is math, show me what's wrong with the math, you can't. How is showing math selling? Keep to the facts if you want to debate something. "The math doesn't work for me", is not a good argument. Portability is a good point.

Prez,
I think I very effectively made the point, all of LAA has a pension already, so your point of "if you outlive your 401K" is a non-starter.
Adding the IAMP makes no sense to LAA folks with a 15k to 40k per year in AA pension coming them as a solid floor ,
when they can instead pad the crap out of their 401's with a healthy Contribution rate of 9.9% like the FA's got for 5 years. That enables them to put much more away and invest it the way they are comfortable with and retain FULL control over those monies.

You refused to address the failure and impending failure of the IAMP, lets face it, the trend is bad and getting worse. The twice as many members are retired than working, That is indisputable fact.

So with that, I'll agree to disagree with you and let those interested in both look at all the info on both and make their decisions.

I want language that allows ANY LAA member, regardless of station, to choose to remain OUT of the IAMPF and NOT be penalized by it by having to accept a subpar 401 match.
{LAA match should become a Contribution and it should be at a minimum , the same language the FA's got for 5 years, but really should be the Delta language or better after the 5 years the FA's got.}

Feel free to forward the bolded part to your 23 comrades on the NC.

Also, when you forward those comments,
How about proposing the negotiations move into WFO mode and continue until finished.
Propose it, make everyone on the committee vote on it and put the onus on the Company for the delay.
Because as I see it, the delay is on the 24 of you until you push that ball forward.

We deserve better than 2 dates a month for negotiations.

 

[Kev3188]

SWAMT (Southwest Airlines AMT) thinks he works for American Airlines. He's bored to tears on Forums in the SWA threads because he's all by himself over there.

He thinks from reading the people who support his particular points of view only that he's also an expert on OUR Airline. The one I've worked at for 22 (Twenty Two) years.

Now I think maybe he wants to be an AA Baggage Handler too?

Can we all get past the whole "you-can't-post-here-because-you-don't-work-here" nonsense? Same story with class/craft.

Some carriers just have more participants; that's just how it goes. Heck, the AS and B6 boards were so anemic they don't even exist anymore!

 

[WeAAsles]

Can we all get past the whole "you-can't-post-here-because-you-don't-work-here" nonsense? Same story with class/craft.

Some carriers just have more participants; that's just how it goes. Heck, the AS and B6 boards were so anemic they don't even exist anymore!

I could care less Kev and you know that. More participants from all angles is how we learn more.

But if Swamp is going to come into my Airline and tell me I shouldn't be conversing in certain threads, he can go F himself.

And tell others here what they should do when his own house is a total disaster, yea right!!! The Boy needs to fix his own house first before he throws stones at others houses.

 

[swamt]

Bob, thx for the chart. Yes your totals add up to the 314,00 and change, however it does not include any interest at all from year one of 1995. Man that's over 20 years of no interest or growth shown. Per Dave Ramsey (I know you either like him or hate him) The kind of savings and accounts you offer in your example minus any other retirement accounts, in another 10 years with average growth and interest he says you will be a million air 2-3 times over. I honestly believe the examples you provide would be a lot closer if not at or above 500K easily. And once you have reached that level is when you really start to see your growth on a daily or weekly basis as the interest really start to stand out with that kind of amount gaining in interest and good growth. If you honestly think that you will only make 300K at 20 years of savings then you need to do one of 2 things or both. Fire your advisor or finance expert you are using. OR get your duff and move your own crap around (401K) for a much better return growth and interest gaining. You should have noticed 2 major jumps in account growth at 100K and again at 250K, and once you hit that 500K, man it really shoots up there or yes even down depending on the market which is where having full control of you retirement comes in real handy on moving your assets around and not counting on some lazy dumb a$$ to do it for you, it's not his money and he has too many accounts at 1 million plus-plus to worry about your little ole 300K account. He makes way more money off the much larger accounts to worry about the smaller ones. That's why I like my full control of my accounts. In-Out, stay, move, reallocate, freeze, 10%-100% I can do what ever when ever I want. You can not do this at all with a pension fund. I know you were not claiming a pension fund but throwing that out there as a comparison between the two.

 

[robbedagain]

SWAMT do you have a 401K with match if so what is the match Wonder if the Assoc would consider comparing SWA in addition to DL and UA for the talks with both Fleet and Mechanics if not why To me SWA is just as much a major player also does SWA have a pension for their workers

 

[bob@las-AA]

You need to be a little more robust there Bobby. At 62 I'll have achieved the goal of a secure and comfortable retirement. Maybe if you were a competent electrician you would experience the same.

Ha ha ha, you are so funny old man, for a minute I thought you were judging me. But far be it for me to judge you, a man who is clearly at an advanced age and still working a job as a laborer.

Opps did I say that out loud?

 

[Albert]

Up yours ya POS, again this is a perfect example that haters got a hate,

Bob you and the Gen both work at DFW for all you know he might have been the dude throwing up in the strip club parking lot last night

 

[Traymark]

SWAMT do you have a 401K with match if so what is the match Wonder if the Assoc would consider comparing SWA in addition to DL and UA for the talks with both Fleet and Mechanics if not why To me SWA is just as much a major player also does SWA have a pension for their workers

I'm sure swamt will verify or correct.
I believe they have always had just a 401K. Their match is currently 9.6%.
There is currently no reason NOT to include the SW model of compensation in our numbers.

 

[anotherdelay]

From the IAMPF "annual funding notice":

2 things that are very alarming to me

~the fund has 279,275 members
95,868 are working 183,407 are retired

~the funds assets went up by $100 million from 2015 to 2016
the funds liabilities went up by $722 million in the same time frame

The only difference between the Titanic and the IAMPF is, the Titanic had a band.

that's why the assets have probably not gone up too, and are not being reported gaap wise. Where's the audit Rosen.

Traymark,

How does the math not work for you? Math is math, show me what's wrong with the math, you can't. How is showing math selling? Keep to the facts if you want to debate something. "The math doesn't work for me", is not a good argument. Portability is a good point.

P. Rez

You know you are really a wolf in sheep's clothing, and are tone deaf. The membership, including members on the negoiting committee are telling you to shove it, on the iampf, including the possible Lombardo rift.

 

[bob@las-AA]

Give you a little tip there Bobby that's why I went into maintenance instead of staying in stores.
Back to the tip:
Wal-Mart keeps the cat food on aisle 16
If not actually aspire to do something to stay off of aisle 16

I got a tip for you too,
don't eat yellow snow.

 

[Albert]

I got a tip for you too,
don't eat yellow snow.

If it wasn't for your penchant to a woman's breast I'm sure you would be able to buy and sell everyone on this forum....Oh well no big deal. Up to about 5-10 years ago more people I worked with died than retired . Enjoy yourself, you never know.