The DOL files suit against the IAMPF and trustees

[conehead777]

Ok. are there any options on any article in a CBA you vote on?
 
Do you only get to vote on your pay if you dont like it?

Do you only get to vote on vacation?
 
You are reaching.
 
You know darn well how negotiations work, and how collective bargaining works and the ratification process work..
 
You arent looking at a Chinese restaurant and choosing one from column A and one from column B.
 
If the members dont want it, they had the right to vote it down.

but you do not know in negotiations what party offered what you see the final product to what the company and union agreed on. The company may have offered the 401k match but the union wanted iampf and that is what was agreed to.

 

[conehead777]

Seek anger management

you need to also your a broken record . Plus your rude and condescending.like Hackman said I'm tired of hearing your praise of the iam . And treating everyone on here who dose not agree with you like idiots . You need more then anger management .

 

[conehead777]

I was asked to post this, from a lady named Tabitha Morgan:

you can tell tabitha for me that spending plan money for wine is not a lapse of judgement it's called spending other people's retirement money. I don't know Tim Nelson personally but I'll take his word more any day of the week 700 then your biased view .

 

[conehead777]

See Tim was fired from the IAM for demanding AGC pay for organizing director.
 
So he lost his Golden Goose.

what gives you the right to post someone's financial information I don't care if you can pull it up this is not the place to be posting some ones pay .you slip further and further down

 

[conehead777]

Tim's antics are quite well known, how is showing what he has done a personal attack?

your quite well known to there 700 Tim was not named on this dol report . So he had nothing to do with this . They used his money to pay for wine and whatever else they did. I would be upset to. They are attacks. That is for sure . But since the ones complaining about Tim are iam kool-aid drinkers. I really do not care to here what he did are not do. But I'm sick of you and your hateful remarks. You reporting someone's pay you have crossed the line

 

[Glenn Quagmire]

All of you need to take it to a private session.

Airing all your petty personal issues here is pathetic.

 

[chilokie1]

What is up with all this Hooker talk? Since when did we all start hating on naked women? Man we're getting old now. Clinton got a BJ once and was busted, so what. He also likes Flowers, remember her.

Let's break down the money though a little and get away from the perception we all obviously have of this incident which is now obviously going to be handled with the DOL involved.

The impropriety looks like it may come out to around a Million (not counting if there were possibly bad investments?)

The fund holds currently 10.9 BILLION Dollars. That's 10,900 MILLION Dollars if you break it down by size. So if you're bank account has $10,900 DOLLARS in it by size difference it's basically as if $1,00 ONE DOLLAR was scimmed from the trust. Will that damage the payouts if that's all it was? No.

Now the fact that these guys may have been busted will most certainly protect the fund much better in the future. So possibly that could be the silver lining in all of this?

 
Didn't you just run for office? A year ago you claimed you would never choose the IAMPF over
over a 401K match, now in an earlier post on this thread you now say you would consider the IAMPF?
And now you are playing the good clean up boy for a bunch of blue collar Bernie Madoff's with
your stupid silver lining statement.
 I truly do not to wish the IAM members retirement plan anything but success, but I'am not willing
to put a penny into it for what I consider it only a cash influx band-aid. What the plan needs is members
who work for companies that want to add employees, not employees of an airline looking to outsource 
as many union jobs as they can.
 The abuse of the plans funds is just ridicules, the thought of anyone thinking they deserve a Christmas
party with the funds of working men & women is wrong. To take the party to the level that they did may 
not be criminal in the eyes of the law but it is to me.

 

[WeAAsles]

Didn't you just run for office? A year ago you claimed you would never choose the IAMPF over
over a 401K match, now in an earlier post on this thread you now say you would consider the IAMPF?
And now you are playing the good clean up boy for a bunch of blue collar Bernie Madoff's with
your stupid silver lining statement.
 I truly do not to wish the IAM members retirement plan anything but success, but I'am not willing
to put a penny into it for what I consider it only a cash influx band-aid. What the plan needs is members
who work for companies that want to add employees, not employees of an airline looking to outsource 
as many union jobs as they can.
 The abuse of the plans funds is just ridicules, the thought of anyone thinking they deserve a Christmas
party with the funds of working men & women is wrong. To take the party to the level that they did may 
not be criminal in the eyes of the law but it is to me.

"Considering" something doesn't mean taking it or selling it. But I do support the idea of choice even if you might think I don't. What's wrong with that idea when it comes to an "individuals" idea how he wants to manage his finances or retirement options? I prefer lots of diversification personally.

My thought since you might be curious. Is I currently put in 20% to my 401. I work no OT or extra hours. We get the raises we're expecting and I up my 401 to 25% for my remaining 11 to 12 years. So I take the 20 year option on our frozen pension at 62. Live off that, the small IAM supplement and my 401 till I hit 67 or 70 and draw SS. If I live past 82 I'll have plenty of cash in the bank to supplement the drop in my AA pension (Check out the average life expectancy in the US) Oh also plan to have my condo paid off by the time I drop out of here as well so my personal expenditures will be much lower than today.

Again that's how I'm "possibly" thinking?

So what's your plan if you care to share?

 

[700UW]

what gives you the right to post someone's financial information I don't care if you can pull it up this is not the place to be posting some ones pay .you slip further and further down

Guess you have no clue.

It's public record from the DOL.

Every single penny a union spends is public record.

And he posted mine before

 

[Tim Nelson]

your quite well known to there 700 Tim was not named on this dol report . So he had nothing to do with this . They used his money to pay for wine and whatever else they did. I would be upset to. They are attacks. That is for sure . But since the ones complaining about Tim are iam kool-aid drinkers. I really do not care to here what he did are not do. But I'm sick of you and your hateful remarks. You reporting someone's pay you have crossed the line

You are correct, i had nothing to do with this federal suit. 700 bullies against anyone who challenges the iam, but im resistent cuz i seek no credibility and could care less what 700 says about me. Many wont post about martinez and Pensiongate because of 700 bullying..

regards,

 

[Tim Nelson]

i will be setting up a gofundme for legal fees towards Eric Nelson, hotshot NY attorney hostile to the iam.

My contention is that during the time of these actions of ill repute, the iampf trustees served me a letter saying that their fund investments were very very bad and that they would have to slash my future pension benefits in half. If Intl President Martines's actions of ill repute led him dumping investments into dead funds from fund managers who were purchasing extravagent wine and blowing $1 million out on town, whether the blonde call girls is true or not, then we have been damaged and id like to sue all of them and this union for millions. Im not an attorney so i dont really know to what extent but something very very bad happened and we have to find out what is going on.

regards,

 

[1AA]

But, but, but, wait a minute. Someone keeps posting it's 105% funded.
Is it really? The truth will be exposed soon. Save the IAMPF, save the IAM dues, keep the money flowing into the afl-cio coffers. Hence the Association. Now what? The IAMPF playing defense and the UsAir guys in it are now wondering what if any amount of money will they get out of it. Say what you want but this was corrupt from the beginning when the association was formed. Record profits and no contract. Dues keep flowing into the IAM and the IAMPF. Mission accomplished. We as union members pay the cost every day.

 

[700UW]

No, someone posted per ERISA and the DOL the IAMNPF is 101% funded per the last SSD.

 

[TRAVIS]

LOL Time for a CHANGE BOYS. VOTE THEM OUT!

 

[robbedagain]

Tim. Why don't you wait til the federal investigation is completed before filing suit?