700UW said:
Majority of the PMUS won't to lose their lose pension, the IBT learned that the hard way.
You can't loose your pension, either it goes to pbgc or stays with IAMNPF.
Here at AA ours is frozen, AA tried to dump it on PBGC but was rejected.
Here is a question since you say most won't vote to loose/stop future acrcruals.
If we are the Assoc. and we all have a say do you think the TWU will vote to keep 401k or go to a plan that is controlled by the IAMNPF ? Or are you saying that the US guys will get a seperate Vote? You can't have it both ways...
The IAMNPF makes less money per yr than the 401k we have now. the IAMNPF has been around only since what? (2008-2008)
How much does the average US guy get with his time in the plan? It's only what $2.00 per hr for every straight time reg work hrs, correct for a ball park number of $4300.00 per yr. Find out what the AA guys are making in the 401k before you pump up your chest.
The IAMNPF is a multi company plan so if any companies withdraws they will pay some penilty to with draw but that limits the constant input of money and the IAMNPF will have to reduce the payout per retired IAM member to stay solvent? Y or N???
The assoc. has alot to work out before this joint venture since I can't call it a merger of two unions into one at AA.
It may be part of the CBA now but I doubt it will be there very long. AA stopped the pilots/Flight att./TWU pension why would they keep the IAMNPF going fwd? Just a question?