What happens to the cash AA/AMR has stashed in the Retiree Health Benefit Fund if the TWU actually votes to end retiree medical insurance for those under fifty? What is the valuation basis for those funds: lowest value over the period reported, or average value of assets held over the last five years?
The company keeps it. Just M&R would provide the company around a $27.5 million dollar windfall. (I was told that we could expect around $5000 back from our contributions, the plan called for the company to match our contributions dollar for dollar, If you want a copy of the plan I sent it out to all the section chairmen or PM me.)
Why would the TWU abandon the FAR66 Language gained in the '01 contract for a minority certificate classification now given that the minority certificate holders could reasonably become the majority voting block within the TWU ATD?
Why would the Ramp get the ability to "hard freeze" their DBP for a 5.5% contribution to a DCP; while not negotiating the same terms for the M&R?
I can not answer those questions other than to say that both of those issues support a NO vote. I would also add why not the 12% match that the pilots were offered or at least the 8% that WN offers.
Why would the TWU APPROVE any early opener statement that states that the financial component must retain the relative standing of the covered contract group with respect to the rest of the INDUSTRY: if this TA places us as the 7th worst paid out of 8 air carriers our early opener language requires that whatever is negotiated requires that we remain the 7th worst paid out of the 8 air carriers.
The verbal claim was that this TA would put us just above Deltas October 2010 increase or at number two, pennies above Delta but dollars away from WN. The pool of airlines included in the comparasion is WN, FL, DL, B6, CO, UA & US, it does not include UPS or Fed Ex. Of course the language only applies to Line Maintenance, the wages at the bases would not be open for renegotiation and it doesnt say that we would remain number two nor does it even say that we will remain at the current standing as determined by the company and the International. It also includes the MRT which its entirely possible that nobody would be getting due to the shortened window, In the end the agreement calls for an intent to negotiate, nothing more. So it really means nothing. Even if we challenged it the false MRT would put us at a $1.50 disadvantage from the very start.
This letter came from the company, not the union. Its not there to protect the members, its there to protect the company. It would allow the company to raise rates on the line if they start losing too many mechanics and are unable to hire replacements without having to include the bases in the increases, if any. Its basically a "Flex top out rate" for the line so the company can deal with market conditions.
I submitted the letter to our lawyer along with what we were told the letter gives us. He saw it as an opener to negotiate, prertty much worthless.
Unlike what OTHERS have stated: if the TWU Membership votes down this anti-worker, anti-union TWU APPROVED Tentative Agreement, that is really a work-in-progress, Negotiatons Actually Start OVER at the BEGINNING.
Yes and no. That could be said on any given day "nothing is final till everything is final" is the accepted rule for negotiations.
Give AMR the win in stretching out the process: do not codify the failure of the TWU by ratifying something they can amend at will through the letter of agreement.
I'll take that as "Vote NO"