Isn't that how the IAM stayed at US? Isn't that how Little sold the 2003 concessions?
Where is the BS? Didn't you make the claim that our pension could not be rolled into the IAMPF, that it wasn't allowed, well, once again, what did you base you claim on?
Didn't you point out that should the IAMPF go broke that the most pensioners of the IAMPF would get is $13000? (I admit I doubt they would go broke, after all they could just cut pensions to stop that from happening.)
Is it not factual that multi employer plans have a history of reducing the pensions of people who are already retired?
Is it not factual that the IAM plan prohibits you from going back to work full time when you are retired?
So after you retire they could cut your pension then cut it completely if you are forced back to work due to the cuts.
Like I said I'd rather keep what I have where it is and continue to get the 401K match, figure within a few years we should be getting at least $40/hr, so that comes out to $2.20/hr vs the IAMPF at $2/hr, plus we get the match on OT and being that there aren't many people out there OT will continue to flow well beyond the 12% target the company used in BK. 12% is 250 hrs per year at 1.5x adds another $825 to the $4576, so over $5k vs the $4160 that would go into the IAMPF Ponzi Scheme. Maybe we can fight for higher wages and more of a match instead hoping that enough of our coworkers die before they ever collect a penny so the IAMPF stays solvent and doesn't cut our pensions down the road.
[/quh
Pointing out the difference between becoming "enrolled" or "entering" the IAMNPF against what I also believe are better advantages for us remaining with the 401k match and maybe even seeing improvements to it I'm ok with. The problem I have is in trying to sell the lie that the IAMNPF is out to or are going to take over our frozen pension. Which you know as well as I do IS NOT going to happen. The IAM can sell their pension as much as they want but it doesn't mean that I'm necessarily going to buy it. If it's ever even offered?
Bob you're the elected representative, so act like one. You seek out the information in writing that supports your claim? Otherwise what are your members actually paying you for? If YOU can't find out the truth "in writing" as a member I might be asking you for a refund because I'm paying for nothing apparently.