toroshark
Senior
- Mar 12, 2003
- 266
- 294
And you know this how?700UW said:The IAMNPF is not going to take your underfunded frozen pension, that would require many hurdles and it would be irresponsible fiduciary to the plan members.
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And you know this how?700UW said:The IAMNPF is not going to take your underfunded frozen pension, that would require many hurdles and it would be irresponsible fiduciary to the plan members.
HA HA HAJABORD said:Copied from a US Air thread:
700UW said,
In 2008 when the Transition Agreement was negotiated the IAMNPF was ratified in the CBA by the membership.
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So truth be told, the picture becomes quite clearer. Thanks to all who contributed to this thread, we know that prior to 2009 the IAMNPF was teetering on falling to a less favorable status amongst pension funds. Maybe the question needs to be, "Who really benefitted from the influx of new US Air members to the IAMNPF?" I believe a T/A presented in 2008 while the employees were still reeling from BK was a shameful opportunity by the IAM to slip it in when odds were favorable for that CBA to be agreed to. Would the membership be educated as to what the fund really had to offer and was there any ability to pull that one issue off the table had enough employees disagreed? Apparently not. No doubt many Funds were challenged by market downturns over time yet I suspect there are many similarities to shenanigans played at other Pension Funds such as the Teamsters Pension whereby leadership has a hard time keeping their mutts out of the till. The TWBoo here at AA has already tried to market this Alliance BS with the promise that we also will obtain immediate vested status with the IAMNPF and will be included. Although there is no interest for it, you have to ask how wise it would be to again try to inject a large workforce on the mechanic side that already is making preparations for retirement. This short sided strategy by the Fund administrators will undoubtedly lead to further future benefit reductions to keep it sustainable. Finally, my intentions of this thread was mainly generated by the difficulty some folks at US had to maintain a civil discussion of this topic. Intentions were to only help provide each other some specifics to a subject that is important to all. In the end, this is an evolving company and more change is coming and this topic really needs to be decided as to whether it's worth fighting for. I believe not and if you agree, the challenge will be to keep the discussion going and not let it trickle down to the Forum archives of obscurity.
700UW said,
In 2008 when the Transition Agreement was negotiated the IAMNPF was ratified in the CBA by the membership.
I know it is. I mean look at your posts. It really is sad. Except for this time when it's funny.700UW said:A mind is a terrible thing to waste.
You truly are ignorant.La Li Lu Le Lo said:I know it is. I mean look at your posts. It really is sad. Except for this time when it's funny.
swamt said:I am just hoping you guys get AMFA on the ballot. At least as a minimum, you can do the "write-in" campaign, but I truely believe it would be better to see the AMFA on the ballot as a choice. Maybe we will hear something this week, but as I sit hear and think about it, time is on your side, let the NMB take their sweet time. Hopefully this can all be done prior to the holidays, but as it looks, if there is a vote, after the waiting period for "other" interest, it may very well may put this election right smack in the middle of alot of members taking off for the holidays, something to think about and plan for in the future. Great update, and good luck to all you guys...
[SIZE=8pt]AIRLINE EMPLOYEES [/SIZE]
[SIZE=9pt]work, working conditions, and a procedure for the prompt and orderly settlement of any disputes during the term hereof. This agreement shall cover and include in the craft or class of airline me:hanics, aircraft radio mechanics in the employ of the Company. [/SIZE]
[SIZE=6.5pt]SECTION 3-CLASSIFICATION OF EMPLOYEES [/SIZE]
[SIZE=9pt](a) Employees hereunder composing the craft or class of airline mechanics shall be grouped in the following classifications: [/SIZE]
- [SIZE=9pt]Parts washers. [/SIZE]
- [SIZE=9pt]Ground servicemen. [/SIZE]
- [SIZE=9pt]Apprentice mechanics. [/SIZE]
- [SIZE=9pt]Junior mechanics. [/SIZE]
- [SIZE=9pt]Mechanics [/SIZE]
- [SIZE=9pt]Senior mechanics. [/SIZE]
- [SIZE=9pt]Lead mechanics. [/SIZE]
- [SIZE=9pt]Inspectors. [/SIZE]
- [SIZE=9pt]Lead inspectors. [/SIZE]
If you want to see garbage and pollution look at your 28668 posts you troll.700UW said:use the Water Cooler for your garbage and not pollute the threads.
Oh my bad, you are only averaging 2866.8 posts a year.........700UW said:Is that the best you can do?
And that is over a 10 year period.
Its amazing if you ever used your brain before you post.