70% of employees drawing from plan, with only 30% paying in= FAILURE. This fund has lost 2 bil in 2011, 2 bil in 2012, and on the verge of more than 2 bil in 2013= FAILURE. Liabilities are twice (200%) of the assets= FAILURE. Hoffa states that one of the main reasons is because the UPS employees (44,000 of them) were able to withdraw from the program. He also states that if these 44,000 employees were still in the retirement fund then the ratio would be 1 to 1. This is a total lie. If you add 44,000 to the current 65,000 you get 109,000 as a grand total participating in the fund. With 212,000 employees drawing from the fund they are still WAY offset and no where near the 1 to 1 ratio he claims. What a dum-a$$ to make such a claim. Yes UPS employees were able to escape the fund, and in order to do so UPS had to agree to a 6.1 billion dollar "fee" in order to do so. Now they claim the crash of the market is the reason that 6.1 bil is gone. False claim again, Almost all market funds and stocks have regained more than half what they lost, with some regaining 75% and better. I have a better theory of where that 6.1 bil went. It went to pay off the cost of the teamsters ties to the mobs and illegal activity thru all the years. Can't believe anyone is still falling for their BS pension promises still. Yes the teamsters are desperate to get UAL, US, and AA into their grasps in order to "TRY" and save the pension funds, little do they know that even if they did get them, they still will not have enough "paying-in" as the number "drawing-out" will still be much, much more greater. Are any of you seeing the picture now? You guys do not want the teamsters representing you, you will loose money right out of your pockets if you guys bring in the teamsters. I still say use the "WRITE-IN" option and bring AMFA into the picture for a run-off election. With all the shady activity coming out of the wood works from the teamsters, both at US and AA I wouldn't think any of you would want them representing you, but, if you want them, you can have them. I don't wanna hear any whining and crying later down the road. BTW; are any you guys hearing anything about write-ins at US?? Good luck guys...
Teamsters filed at USAir for representation
- Thread starter 1AA
- Start date
Never mind 1AA, my bad. Computer was doing auto upgrade. Besides, my link didn't work but it is the title of the Dallas Morning News article.
AFLCIO supporter
Member
- Jul 5, 2013
- 15
- 3
Looks like the Teamsters claims of a good retirement look like a bunch of hype like Jim talks about look at this recent article about the IBT pension which is going down the drain. http://m.benefitspro.com/2013/07/22/teamsters-pension-plan-stuck-in-crisis
USAirways Mechanics the IBT offers nothing compared to the IAM when it comes to a solid pension plan don't blow like the United Airlines workers did...VOTE IAM and stay in the AFL CIO
USAirways Mechanics the IBT offers nothing compared to the IAM when it comes to a solid pension plan don't blow like the United Airlines workers did...VOTE IAM and stay in the AFL CIO
TRAVIS
Veteran
TOO LITTLE, TOO LATE, 700!
TRAVIS
Veteran
View attachment 9867700 Have The IAM PRINT UP SOME MORE FAKE SUPPORT FLIERS!!! LOL
- Thread Starter
- Thread starter
- #715
Why this letter now after the NMB called an election?
Pension, scope, seniority haha...
Pension: IAMNPF is a joke, payouts have been cut. IAM stood by and allowed HA, UA, US, and TW to freeze and later terminate DB plans. Allowed Lockheed Martin and Caterpillar to eliminate pension for new hires after a lengthy and unsuccessful strike the fighting machinists rolled over.
Scope: let's see. Latest UA T/A only had scope for seven stations, IAM allowed UA to outsource cargo at sCO with no fight after allowing UAL to do several years back.
US CWA has mainline agents in more stations than IAM fleet service, many US cities see multiple US mainline daily flights yet fleet service is contracted.
AS only has 600 rampers across the entire airline, most of their stations are handled by non-union DL employees. Furthermore the CBA language provides the company the more flexibility to outsource. COPS/passenger service is also limited to a small handful of stations, most AS stations are handled by DL.
Seniority: how well did things turn out for the TWA employees under the IAM?
Josh
Pension: IAMNPF is a joke, payouts have been cut. IAM stood by and allowed HA, UA, US, and TW to freeze and later terminate DB plans. Allowed Lockheed Martin and Caterpillar to eliminate pension for new hires after a lengthy and unsuccessful strike the fighting machinists rolled over.
Scope: let's see. Latest UA T/A only had scope for seven stations, IAM allowed UA to outsource cargo at sCO with no fight after allowing UAL to do several years back.
US CWA has mainline agents in more stations than IAM fleet service, many US cities see multiple US mainline daily flights yet fleet service is contracted.
AS only has 600 rampers across the entire airline, most of their stations are handled by non-union DL employees. Furthermore the CBA language provides the company the more flexibility to outsource. COPS/passenger service is also limited to a small handful of stations, most AS stations are handled by DL.
Seniority: how well did things turn out for the TWA employees under the IAM?
Josh
- Banned
- #717
Once again you posts lies and misinformation.
No one's benefits have been reduced at the IAMNFP, there is a possibility of FUTURE benefits for the ramp not being at the same level as they are now, unless US, the IAM and the IAMNPF reach a new deal.
UA deal is dead, nothing to do with the ibt at US, and at US M&R has the best scope language and does more work in-house than any TWU, AMFA or IBT represented Mechanic and Related work force.
CWA has lost plenty of jobs, and they are not staffed at every station US flies into, and they have no pension and their Piedmont employees have some of the lowest pay scales in the industry.
AS is a National carrier, the IAM represents upstairs as well as downstairs and the IAM won the arbitration against AS when they outsourced SEA Ramp.
How many times does the TWA issue have to be explained to you until you stop posting lies and misinformation?
AA told TWA and its unions if it didnt waive their LPPs that they would not buy TWA and TWA would have gone chapter 7 and go out of business.
The APFA and the IAM had a deal which the APFA went back on and the IAM spent over $4 million in trying to fix it, as a matter of fact McCaskill-Bond law was put into effect because of what happened at AA and TWA.
The ramp and mechanic and related went to arbitration, the TWU CBA contains this language "No TWU member will be adversely effected in seniority in the event of a merger". To hard to comprehend that joshie?
It went to arbitration, its known as the Kasher decision if you care to read it.
All former TW employees at JFK, MCI and STL got 100% of their seniority, all others got 4/10/01 plus 25% of their TW time for bidding purposes only, they got full pay, vacation and retirement for their whole TW time for work at AA.
It was a neutral arbiter decision, not any deal the IAM nor the TWU negotiated.
Now in the Alliance agreement its one for one seniority, date of entry into the classification, so no one will lose any seniority.
Maybe if you read it S L O W L Y, it will finally sink in and you will comprehend it.
No one's benefits have been reduced at the IAMNFP, there is a possibility of FUTURE benefits for the ramp not being at the same level as they are now, unless US, the IAM and the IAMNPF reach a new deal.
UA deal is dead, nothing to do with the ibt at US, and at US M&R has the best scope language and does more work in-house than any TWU, AMFA or IBT represented Mechanic and Related work force.
CWA has lost plenty of jobs, and they are not staffed at every station US flies into, and they have no pension and their Piedmont employees have some of the lowest pay scales in the industry.
AS is a National carrier, the IAM represents upstairs as well as downstairs and the IAM won the arbitration against AS when they outsourced SEA Ramp.
How many times does the TWA issue have to be explained to you until you stop posting lies and misinformation?
AA told TWA and its unions if it didnt waive their LPPs that they would not buy TWA and TWA would have gone chapter 7 and go out of business.
The APFA and the IAM had a deal which the APFA went back on and the IAM spent over $4 million in trying to fix it, as a matter of fact McCaskill-Bond law was put into effect because of what happened at AA and TWA.
The ramp and mechanic and related went to arbitration, the TWU CBA contains this language "No TWU member will be adversely effected in seniority in the event of a merger". To hard to comprehend that joshie?
It went to arbitration, its known as the Kasher decision if you care to read it.
All former TW employees at JFK, MCI and STL got 100% of their seniority, all others got 4/10/01 plus 25% of their TW time for bidding purposes only, they got full pay, vacation and retirement for their whole TW time for work at AA.
It was a neutral arbiter decision, not any deal the IAM nor the TWU negotiated.
Now in the Alliance agreement its one for one seniority, date of entry into the classification, so no one will lose any seniority.
Maybe if you read it S L O W L Y, it will finally sink in and you will comprehend it.
Tim Nelson
Veteran
For clarification: The iam just put out a video talking about how the pilots got full retro at united but the ibt only got a bonus.
The iam at united agreed to a signing bonus like the ibt. The difference was that the ibt got bigger signing bonus, so once again, comparisons show how piss clam the "i am management" has become. Certainly the new video is a misrepresentation.
The iam at united agreed to a signing bonus like the ibt. The difference was that the ibt got bigger signing bonus, so once again, comparisons show how piss clam the "i am management" has become. Certainly the new video is a misrepresentation.
Tim Nelson
Veteran
For clarification: The iam just put out a video talking about how the pilots got full retro at united but the ibt only got a bonus. The iam also agreed to waive 90% of scope and to make a unilateral decision on seniority without the membership consent. Things that make you go hmmm
The iam at united agreed to a signing bonus like the ibt. The difference was that the ibt got bigger signing bonus, so once again, comparisons show how piss clam the "i am management" has become. Certainly the new video is a misrepresentation.
The iam at united agreed to a signing bonus like the ibt. The difference was that the ibt got bigger signing bonus, so once again, comparisons show how piss clam the "i am management" has become. Certainly the new video is a misrepresentation.
TRAVIS
Veteran
Tim It's OK we are use to MISREPRESENTATION Out Of The IAM!!! LMAO 
