Nov/Dec 2013 Fleet Service Discussion

[Solidarity]

People who are unorganized switch jobs because they are evaluated based on their merit/performance, not seniority/tenure. In many industries like consulting and finance professionals such as myself move around, we follow the money and pursue opportunities when they exist. Union workers at US Airways? You all have stayed around and taken the beating from the company, you are tied to your seniority and don't enjoy the same mobility as other workers.

From what I was taught that is called a 'WHORE'

Josh

 

[Harry Callahan]

As a recipient of a monthly benefit from both the IAM and PBGC... I can tell you... the IAMNPF rocks!

+1 Roa

Harry

 

[737823]

As a recipient of a monthly benefit from both the IAM and PBGC... I can tell you... the IAMNPF rocks!

  

+1 RoaHarry

How is that $62 multiplier working out for you?

Josh

 

[cltrat]

People who are unorganized switch jobs because they are evaluated based on their merit/performance, not seniority/tenure. In many industries like consulting and finance professionals such as myself move around, we follow the money and pursue opportunities when they exist. Union workers at US Airways? You all have stayed around and taken the beating from the company, you are tied to your seniority and don't enjoy the same mobility as other workers.

Josh

people don't like to hear it but on this you are right imo

 

[700UW]

Some workers, especially in the airlines enjoy the benefit if a union cba with the company, it eliminates this and those of you who were former PI can tell the board all about it:
 

 

[cltrat]

it also enables the one who it is common knowledge is a worthless douche to get better things just because he's been there longer than a co worker with less time.
Which one is really worse?
I'll go with one is as bad at the other.

 

[roabilly]

Wrong again.
 
They are in the CARP fund, Continental Airlines Retirement Plan, which is negotiated.
 
And the IAMNPF is one of the best multi-employer plans in the US.
 
Its 105% funded.

To equal my current monthly pension amount from the IAMNPF... I would need OVER $250,000.00 invested in moderate risk 401k funds to match it! This was confirmed by my Financial Adviser, as well as a number of online calculators.
 
Anyone that balks at this is not informed-- I’m living it... and loving it!
 
P.S. I still have a substantial 401k as well, if needed!

 

[mike33]

To equal my current monthly pension amount from the IAMNPF... I would need OVER $250,000.00 invested in moderate risk 401k funds to match it! This was confirmed by my Financial Adviser, as well as a number of online calculators.
 
Anyone that balks at this is not informed-- I’m living it... and loving it!
 
P.S. I still have a substantial 401k as well, if needed!

Sounds like a 3-5% annual return which allows your monthly withdrawal. And to think you didn't put any of that money into the fund from your $$'s.
 
Yes i know what the withdrawal is and the multiplier is not 62$ like JP Morgan says...( I mean Josh ). Geezzz, where do those guys come from???

 

[roabilly]

Sounds like a 3-5% annual return which allows your monthly withdrawal. And to think you didn't put any of that money into the fund from your $$'s.
 
Yes i know what the withdrawal is and the multiplier is not 62$ like JP Morgan says...( I mean Josh ). Geezzz, where do those guys come from???

“33”
 
I failed to mention that the IAMNPF distributions I’m receiving are coming from only TEN years of vesting! Younger employees could see well over $3000.00 a month from the fund if they hang around until retirement age!
 
P.S. Most folks here have the Josh dude blocked (On Ignore) so we don't what he says unless someone quotes him!

 

[mike33]

“33”
 
I failed to mention that the IAMNPF distributions I’m receiving are coming from only TEN years of vesting! Younger employees could see well over $3000.00 a month from the fund if they hang around until retirement age!
 
P.S. Most folks here have the Josh dude blocked (On Ignore) so we don't what he says unless someone quotes him!

Hmmm   thats a good idea ( blxng josh that is) and yes i took into account the 10 yr vestation as i am close to the same

 

[Tim Nelson]

“33”
 
I failed to mention that the IAMNPF distributions I’m receiving are coming from only TEN years of vesting! Younger employees could see well over $3000.00 a month from the fund if they hang around until retirement age!
 
P.S. Most folks here have the Josh dude blocked (On Ignore) so we don't what he says unless someone quotes him!

Roabily,
What is the payment you and harry callahan get? $800 a month?
I dont think as many griped about the iampf until it was slashed starting in 2014. If a new hire works 30 years at full time with the current rate, he would get about $1,400 a month in the year 2044.
Hoping, of course that new pension rules wouldnt cut retirees or future contributions.

 

[roabilly]

Roabily,
What is the payment you and harry callahan get? $800 a month?
I dont think as many griped about the iampf until it was slashed starting in 2014. If a new hire works 30 years at full time with the current rate, he would get about $1,400 a month in the year 2044.
Hoping, of course that new pension rules wouldnt cut retirees or future contributions.

Personally, I think the $1,400.00 per mo assumption is too conservative. Remember, the changes set to come in 2014 are subject to both current section 6, and future Transition Agreements. More members will join the IAMNPF from the merger as time goes on. In addition, future increases to the plan will be negotiated over the next few years.
 
$3,000.00 per mo is not unrealistic for a 35 year plus member that started at the inception of the plan.

 

[Kev3188]

No need to. I get APFA Hotline by email, that is the only union bulletin I subscribe to.

And using your logic, if you cut-n-pasted the latest one on here, we could "accuse" you of being an agent of the APFA.
 
 

I know first hand how the IAM treats their members, I have two close friends that were IAM dues objectors CO NLS and have seen it all with LL 2339N. The IAM continually lowers the bar for all workers in this industry, all they care about is dues. Despite the many failures of AFA, they are happier with the IAM gone although would prefer to be unorganized.

Josh

Oh. Two people (and dues objectors at that) a whole union make?

Okay then...
 
 

Thats more like it. So tell me. How many of that 90% unorganized do you think have changed jobs more than 3-6 times?. 
 
How many of the 10% organized do you think have kept their jobs or have only changed 1-2 times once unionized?
 
Now that would be a statistic !

How many of the 90% that are unorganized would like to be?

Now that is a question worth pursuing!
 
 

Hmmm   thats a good idea ( blxng josh that is) and yes i took into account the 10 yr vestation as i am close to the same

What, you getting tired of getting tag-teamed by him and SWAMT about calling the NMB? Lol.

 

[rockit2]

Wrong again.
 
They are in the CARP fund, Continental Airlines Retirement Plan, which is negotiated.
 
And the IAMNPF is one of the best multi-employer plans in the US.
 
Its 105% funded.

Then why on Jan 1st 2014, are they still cutting my pension per month by almost half

 

[mike33]

Roabily,
What is the payment you and harry callahan get? $800 a month?
I dont think as many griped about the iampf until it was slashed starting in 2014. If a new hire works 30 years at full time with the current rate, he would get about $1,400 a month in the year 2044.
Hoping, of course that new pension rules wouldnt cut retirees or future contributions.

Don't forget to flip the coin over Tim. Didn't UA get something like ? $1.25 ( i can't recall ) in their TA?...I would think that by 2044 or sooner the hourly contribution would be well over $2. Just my guess. 
So the current estimations are predicated on $1.05.