Well you got it anyway. Neither the Local or I have a personal lawyer. I believe the International asked Rosen, their personal Lawyer, the one that testified in favor of the company against Local 501 and wrote up the deal in the first place. He should have been fired along with Little as well.WeAAsles said:
I wasn't asking for your opinion. I was asking if YOU or your Local went to their or YOUR own personal Lawyer to see if the TWU could get out of the Association? You alluded that you perhaps don't believe that the International guys did check that out so I wanted to know if you double checked or verified that through Legal consultation?
Yep no chance you say, I seem to recall people saying that there was no chance of us not getting the prefunding match back. What did you do with yours? Oh yes , three years later and its in arbitration and we could lose it.What tactics? I'm not 100% sure if they can't? I said that I'm 100% sure that they won't. Otherwise yes I did say that all "conversations" should be left on the table. Even the one's that have no chance of coming to pass.
I've said all along that going after the frozen pension is a concern, not a certainty and said the reasons why I think they would. Lets face it, the IAM is going to claim that by bringing our inferior vacation, Holiday, sick and OT terms up to theirs that we are walking away with the lions share of the gains, I think they want our frozen pension assetts, which under the legal parameters set in place with the assistance of our Union currently is over 100% funded.
Pie in the sky? No its reality, the pilots got it, why shouldnt mechanics expect it as well? Just like them we are FAA licensed Airmen. $2/hr, $7hr, don't care, I still would rather see it go where I can control it, and my right to use it and my labor as I see fit. How many times must I say it, I do not want any part of the IAMNPF Ponzi scheme"? Bad enough it looks like we are going to be forced into it, yes forced because I believe our only option to opt out and get a better 401K will be to reject the whole contract, if the contract gets voted in then we made our choice, but as I've said, I'm also concerned that they may go after the assets of our frozen pension as well. You can say they wont, I can say they will. The fact is there is nothing stopping them. You have your opinions based upon an imaginary $2billion shortfall, I base it on the fact that the rollover would produce a windfall due to rolling back the age from 60 to 65 and other restrictions which lower the expected liability of the plan.Ok I really like this one. It's too cute. Your going to compare a pie in the sky 17% ethereal proposal to the "current" contribution rate to the IAMPF of $2.00 per hour for your group? C'mon Bob at least play fair. (Not shilling for the IAMPF but) Since you're using 7's in your formula let's say you do get "offered" the IAMPF (Or forced into) but the company agrees to an increase of the rate to $7.00 per hour replacing the 2.
Now that 55 YO member goes up from $850.00 per month to $2,239.20 per month (leaving at 65 with no deductions). Your member lived a clean healthy lifestyle and get's in a good 20 years before passing. So 20 years of IAMPF payouts comes in at $537,408. And I'm also going to assume that they continue to participate in the 401k albeit with no more match. Now with your 7% above Delta or UPS/Fedex wages putting in just 5.5% (standalone) to your 401k that member is looking at some hefty coin.
Bob if your going to do a formula in the future you may want to do one that's at least fair to what you are throwing out there?
I based my $850 on the IAM handout, what did you base your $2239.20 on?
Thats your answer? That in five years their 401K will be as shitty as ours? And in five years their contract becomes amendable plus its not the same, its a contribution not a match.You do realize that the APFA only secured their current tiered formula for 5 years right? 3% up to 9.9% if the member is over 50. After the 5 years runs it's course it reverts back to the same formula we currently have.
Yes, keep all the people we have, may or may not have the same number of jobs over the long haul, with mergeers comes synergies, so no we would not be able to keep every job meaning that if someone leaves they have to fill it, if you think thats really an option you are delusional. Use a similar formula like we had for 30 years of system protection, headcount reductions would be through attrition, besides, AA is having trouble hiring people, concessions for jobs doesnt make sense, thats like paying for air, this isnt 2003 or 2012.So let me get this straight? You want Delta plus 7%, keep all the jobs we have and a 17% 401k match? Or do you want UPS or FedEx wages? I'm guessing that you also want our medical costs to be lowered too right?
Have you seen that AA made almost as much profit as United and Delta COMBINED? (Over $4 billion compared to UAL and Delta at just over $2billion each and their workers get not only higher wages, better benefits but profit sharing as well. Why are you still of a beggars mindset when AA is making double the profits of its nearest competitor? Why are you still willing to settle for crumbs when they are making $4billion a year in profits? Our profits were closer to UPS than to our nearest passenger airline competitor, why shouldn't we expect UPS wages? Are you management?