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It doesnt concern you? Yet you posted 15,000 times regarding 141, most of which was in direct support of the establishment. Then when the establishment hoses the member, you wash your hands and blame the membership for voting for terrible anti union ta's.700UW said:Not my district, was a member of 141 years ago before the split, so it doesnt concern me.
thanks that pretty much confirms what I needed to know700UW said:Not my district, was a member of 141 years ago before the split, so it doesnt concern me.
Josh,737823 said:Tim please explain how the membership loses leverage being imp IAMNPF and how the considers the cost of the pension, and if they weren't part of IAMNPF you could get better SCOPE, higher pay rates, better 401k matches/contributions.
Josh
I think he was referring to the negotiation politics that may protect iam interest but not necessarily the members interest. For instance, it was conceivable that the iam put its own entities interest ahead of the united airline members to get the dues of 7,500 quicker. Likewise, it is conceivable that the iam (not you) wouldnt mind bull rushing a quick contract at usairways so that it can start working on bringing in 16,000 twu members into the iampf.P. REZ said:Josh,
According to financial experts, a 3 legged stool approach should be followed to save for ones retirement. Those 3 legs would include a pension, S.S. and personal savings(401k, savings, roth, etc.). I am a big supporter of getting a match on 401k to get people to save even more for their retirement.
As to your point above, it baffles me as to how you would think such things being that you are in the financial field. Google 3 legged stool approach to retirement or set up a meeting with an expert for confirmation. Our pension is not hurting leverage in negotiations.
Happy Holidays,
P. Rez
I'm acutely aware of the three leg stool approach and what it means. Again with an $84 month multiplier and you consider that the employees here haven't even been in the plan for more than eight years (fleet) or five years (M&R) max, that's hardly something to be proud of. And how much can employees at US afford to save in 401ks and other investments based on your current pay rates? Unless upon employee already has substantial savings, earnings from other sources, spouse, etc I imagine there isn't much to tap into. Perhaps the membership would be better served with you securing generous 401k contribution and/or match. There is no telling that the IAMNPF will be around at retirement. It may be well soundly funded today but in a few years who knows especially if other participating employees begin dropping off. With a DC plan the money is yours, the company or plan administrator can't touch it.P. REZ said:Josh,
According to financial experts, a 3 legged stool approach should be followed to save for ones retirement. Those 3 legs would include a pension, S.S. and personal savings(401k, savings, roth, etc.). I am a big supporter of getting a match on 401k to get people to save even more for their retirement.
As to your point above, it baffles me as to how you would think such things being that you are in the financial field. Google 3 legged stool approach to retirement or set up a meeting with an expert for confirmation. Our pension is not hurting leverage in negotiations.
Happy Holidays,
P. Rez