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it's at least that. But again the company considers the total cost your CBA imposes and without the pension hanging over their head that could be reallocated to another area like scope or healthcare.700UW said:The cost for M&R per hour is under $2 per member
Hiring US employees off the street? What does that mean exactly? Do you mean recall furloughed employees?rockit2 said:I talked to a PHL Agent yesterday, he said, AA has about 100 ramp guy's on layoff. He said, The company wants to bring them back and let them work our jets instead of hiring US employees off the street. I say thats bullshit. How does AGC O'Donnell feel about this? Phl is his station, right. Let's get some feedback from the district on this.
Im not sure what 700 is referring to about folks needing to be on some committee to know objective things, which the iampf is.737823 said:Let's see what Tim has to say, that's what I will go with.
Josh
No, you're wrong. Completely wrong. US pays $2/hr into a mechanics IAMNPF since 2011.700UW said:Tim is not a pension expert, nor has he ever been in negotiations nor on a committee.
I am telling you the facts and figures that have been provided.
Josh,737823 said: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.
My point is, as others have said on here being in the IAMNPF does cost the company money and this cost is included in their analysis and negotiations of other items in the comprehensive contract. Although employees themselves do not see the money being deduced from their payroll of "putting the money in the envelope" it is and will be considered when determining your new base rates, health care contribution, work rules, scope, and other benefits. There is no such thing as a free lunch other posters-Kev coming to mind-have remarked to this effect on multiple occasions in the past. If you truly are on the US negotiating committee it baffles me that you don't see how IAMNPF and the associated burden on the company of participating is precluding you from maintaining (and hopefully advancing) other elements of the CBA, particularly scope which the membership has identified as one of the most, if not the most important items for the contract.
I do agree with Tim that the IAMs interests in getting TWU employees in IAMNPF may prevail here but I don't know. Again you can insist all you want that what happened at UAL has zero implications for your group but you are only fooling yourself if that's the case. The UA agreement is now 'industry standard' that the IAM UA NC willingly agreed to, it's not as if it was court imposed or needed to be concessionary, fact is the IAM wanted the dues from sCO unorganized agents and was prepared to put aside the interest of the membership to do so. Again UA wanted to integrate the two sides-and they couldn't do so until a JCBA was ratified. Why the NC was so quick to settle for this BS? I dunno but I imagine the NC members were more concerned advancing their union careers with the district and international so they were quick to endorse this nonsense. And now people are seeing why that agreement is a joke but it's too late now.
Josh
Thanks for the reply, glad we agree this is a relevant cost that the co considers in negotiations. If the plan is so great and soundly managed why is the company/plan administrator cutting the few shekels your members receive as is? Again do you think the labor leaders who championed DB plans that provided workers a full retirement and solid middle class lifestyle would be proud of this nonsense? I get that your US plan was unfortunately terminated and is under the PBGC but to me this small sum the IAMNPF provides is hardly anything to go around boasting about.P. REZ said:Josh,
The money put into the pension is factored by the Company into the negotiation process. It is not a free lunch. However, if not a pension we would have a 401k match which would cost the Company the same. This is not a Company run pension which they are liable for a certain benefit which would hurt our negotiation process. If the pension was run by the Company and they negotiated a defined benefit in our contract then that would cause potential problems at the negotiating table because factors out of the control of the Company could add liabilities to the Company to keep promises made in the CBA. However, the pension burden is on the IAM and it is not promised that you will always get a certain amount forever. You are only guaranteed a certain amount after you accrue but future amounts can be changed. That is why the IAM cut the Benefit starting in 2014. Because the pension is not a Company pension where a said amount will always be paid, the liability to the Company to keep up is non-existent and does not add any stress to the negotiating process. It is always a set and known cost.
P. Rez
Josh,737823 said:Thanks for the reply, glad we agree this is a relevant cost that the co considers in negotiations. If the plan is so great and soundly managed why is the company/plan administrator cutting the few shekels your members receive as is? Again do you think the labor leaders who championed DB plans that provided workers a full retirement and solid middle class lifestyle would be proud of this nonsense? I get that your US plan was unfortunately terminated and is under the PBGC but to me this small sum the IAMNPF provides is hardly anything to go around boasting about.
Josh
allow me to offer a little prediction on how that would go with our wonderful contract featuring enough gray for an aircraft carrier.700UW said:Time for someone to file a grievance.
Jester said:If I recall correctly, a few years ago PHX was using Express runners plane side to download connect bags going to Express flights. I guess they did such a lousy job that Management decided to use mainline runners instead, so I am not sure there is much which violated the CBA, as it was once common practice in PHX.