NYer
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- Jun 4, 2010
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- #466
Bob Owens said:
Back when they were looking to change Retiree medical from pre-funding to where we pay all the cost weren't you claiming that we weren't losing retiree medical, that they were just changing the way that its paid? Wouldn't that apply here? Instead of $2/hr times a max of 2080 hrs per year going into a fund administered by the IAMNPF they would get a 5.5% match on whatever they put in their 401K on all hours worked. Actually the 5.5% match, converted to a contribution (like other work groups at AA were able to negotiate) would require a higher capital draw from AA than the $2 contribution to the IAMNPF.
The worst that can happen to them, and some at US don't consider the AA match any worse than the IAMNPF, is they get what we get, a frozen pension with a 401K match on all earnings going forward. To me the fix is to negotiate a 10% contribution to the 401k ,not all get forced into a sketchy pension run by a Union we are not members of (unless we transfer to an IAM city or they decide to do a member swap).
Like I said, the opportunity to continue in the IAMNPF is the IAMs decision, not mine. If the IAM intends to let thousands of TWU members into the plan through the Association, as stated already in their agreement with the TWU, then why wont the IAM let people who are in the plan remain in the plan even though they are now in the TWU?
Can you understand that?
So you want them to voluntarily walk away from a continued accrual to their IAMNP so that you can avoid being in an Association? Nice. Let someone else voluntarily freeze their pension and start a 401K all over again.
By that premise, I you must believe the freezing of our pension and replaced by a match to the 401K.
You keep repeating the IAM doesn't want their members who work in a TWU stations to remain in the IAMPF, which is false and you can't show that is what will happen. You try to loosely interpret things to give it a nice twist. which almost always turns out to be wrong.