eolesen
Veteran
- Jul 23, 2003
- 15,947
- 9,372
I keep hearing there were lots of better paying jobs available that folks were leaving AA for... presumably they'll have medical at their post-AA career?
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which will it be? the ta or term sheet?
- Thread starter dfw gen
- Start date
I keep hearing there were lots of better paying jobs available that folks were leaving AA for... presumably they'll have medical at their post-AA career?
iluvaa
Veteran
- Mar 22, 2007
- 1,228
- 811
I never stated those things so thanks for the smart ass comment
TWU informer
Veteran
- Nov 4, 2003
- 7,550
- 3,731
SIS equals aapx $40K for a potected employee.
Taxed at 40%
Leaves you aapx $24K
If you have to buy medical benefits for two @ $400+ per person that will last you a whopping 2 years and a few months and then what?
The only takers will be those 62 and older. Unless we are surrounded by idiots.
Prefunding Reserve refund plus company match, might drop the age to 59-60
Watch this "agreement" get voted in, a TA that has a pay raise's and other good stuff, more holidays, sick....etc gets voted down and this one will pass :angry:
If AA can't afford to keep OH, then AA can't afford to keep OH!!!!
give the employees of AA the same as every other airline, and see if the executives are worth their "BONUS'S"
Make AA the place where employee's leave their current jobs to come to (think SWA) not the place of last resort or the place where the experanced employees leave to go to a better airline, doesn't seem cost effective to train a mech only for him to take his experiance someplace else.
If AA can't afford to keep OH, then AA can't afford to keep OH!!!!
give the employees of AA the same as every other airline, and see if the executives are worth their "BONUS'S"
Make AA the place where employee's leave their current jobs to come to (think SWA) not the place of last resort or the place where the experanced employees leave to go to a better airline, doesn't seem cost effective to train a mech only for him to take his experiance someplace else.
TWU informer
Veteran
- Nov 4, 2003
- 7,550
- 3,731
When you use finance/bean counter numbers, then these schemes looks good on paper.
If you owned a company would you continue to allow concessions for jobs?
You would think that after 1995 OSM's, 2003 Concessions for jobs, and the fact that those ideas failed, that the company would not fall for the same Union philosophy of running a corporation.
This will either stop soon, or all overhaul employees will be out of job....Everyone! My bet is that this one does overhaul in for good.
Great skill and experience will leave and be replaced with trainees that never really wanted to be Aircraft Mechanics to begin with, they just had a relative working for AA and they wanted what used to be a really great job. Big Difference!~!!!!!!~!! the noobs will not have a passion for aircraft, they will just be warm bodies plugging a hole.
These ideas might look good on paper and in the short term, but in the long term it is not a sound way to run a business and everyone will suffer in the end.
It just goes to show that Horton is the same as we have seen since Crandall and nothing is going to really change afterall.
AA89
Veteran
- Jun 1, 2010
- 690
- 320
iluvaa, on 30 April 2012 - 04:47 PM, said:
question without retiree medical who is going to take SIS, whos going to leave without medical any thought on that
question without retiree medical who is going to take SIS, whos going to leave without medical any thought on that
I think the question was about workers wanting to retire, not move to another job. A valid question.
eolesen
Veteran
- Jul 23, 2003
- 15,947
- 9,372
I know what the question was, but it's time to face reality and say welcome to 2012.
You can't have all these great advances in medicine and life expectancy & still have retirement at 60.
I also wouldn't plan on how you bridge medical to just to 65. It's just a matter of time before the Feds move the age for Medicare up to 67.
iluvaa
Veteran
- Mar 22, 2007
- 1,228
- 811
So my question still remains anyone know who would take this for a few bucks
Dont screw me out of my lay-off i want my severence and unemployment
time to move on im 41 ready to go back to school and get retrained
AANOTOK
Veteran
- Oct 10, 2009
- 4,627
- 2,242
If not, you'll face eolesen's smirk and smartass remarks.
TWU informer
Veteran
- Nov 4, 2003
- 7,550
- 3,731
The question is the same, but now the answer has changed...
Q: Are employees still accruing benefits under their pension plans?
A: Yes, employees continue to accrue benefits in their defined benefit pension plans until their plan is frozen or terminated. Once a plan is frozen, the defined benefit will stop accruing as of the official freeze date. In contrast, if a plan is terminated, the defined pension benefit would stop accruing as of the date the company filed for Chapter 11, as mandated by law.
It is also important to note, however, that the company proposes replacing current defined benefit pension plans with a $uper$aver 401(k) plan. Thus, employees will continue to have a retirement benefit available, once their pension plan is frozen.
Q: Are employees still accruing benefits under their pension plans?
A: Yes, employees continue to accrue benefits in their defined benefit pension plans until their plan is frozen or terminated. Once a plan is frozen, the defined benefit will stop accruing as of the official freeze date. In contrast, if a plan is terminated, the defined pension benefit would stop accruing as of the date the company filed for Chapter 11, as mandated by law.
It is also important to note, however, that the company proposes replacing current defined benefit pension plans with a $uper$aver 401(k) plan. Thus, employees will continue to have a retirement benefit available, once their pension plan is frozen.
AA89
Veteran
- Jun 1, 2010
- 690
- 320
iluvaa, on 30 April 2012 - 04:47 PM, said:
question without retiree medical who is going to take SIS, whos going to leave without medical any thought on that
eolesen, on 30 April 2012 - 04:54 PM, said:
I keep hearing there were lots of better paying jobs available that folks were leaving AA for... presumably they'll have medical at their post-AA career?
AA89, on 30 April 2012 - 06:15 PM, said:
I think the question was about workers wanting to retire, not move to another job. A valid question.
What does retirement have to do with whether or not there is a better paying job to leave AA for? Retirement = No Job.
Maybe you were more concerned about a cheap shot?
Stick to the charts and graphs please.
question without retiree medical who is going to take SIS, whos going to leave without medical any thought on that
eolesen, on 30 April 2012 - 04:54 PM, said:
I keep hearing there were lots of better paying jobs available that folks were leaving AA for... presumably they'll have medical at their post-AA career?
AA89, on 30 April 2012 - 06:15 PM, said:
I think the question was about workers wanting to retire, not move to another job. A valid question.
What does retirement have to do with whether or not there is a better paying job to leave AA for? Retirement = No Job.
Maybe you were more concerned about a cheap shot?
Stick to the charts and graphs please.
texasreb
Senior
- Jul 26, 2008
- 378
- 171
The problem is that a lot of mechanics do not live to an old age. With all of the chemicals we work around, it is sad to say that I have attended many funerals and there have been many mis carriages of babies by the females here.
BigMac
Veteran
Meeting on Mids tonight. Information given by the union tonight was if we vote Yes layoffs will go back to 1/1/96 seniority (w/ options of more layoffs) . If we vote No they'll layoff back to 89' seniority and intigrate the term sheets. I'm repeating what was said in the meeting. Fear tactics no doubt. Truth to any of it I have no damn idea.
