I know you know but, these guys also need to remember that with this pension from the IAM all pension payments will be gone if some did retire and for some odd reason had to go back to work (it happens) and re-entered certain industry and work. The pension restricts you from re-entering a lot of industries. Not a lot of people know this and it's a BS restriction if you ask me. Your pension is earned by you for the past 20-30 years plus, it should still be yours and paid out to you even if you did decide to go back to work, even part time you can and will be punished by the pension restrictions. Look it up fellas, it's there.
Why no contract from the Association?
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Jester
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Back in the 1970's there was a backlash against "double dipping" where public employees had earned a military pension, and then earned a government pension from a civilian position. Regardless if both pensions were earned from legitimate efforts, the idea did not sit well with the general public. The IAM pension was probably associated with that backlash as co-workers might object to someone working along side someone who is helping pay their pension while collecting a paycheck.
It felt wrong, but if thought through, it isn't really a problem as the pension(s) was earned-- at least, I think so and I agree with you.
La Li Lu Le Lo
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I will remember your rapier wit to keep me motivated to come back as I take my 2nd of 5 weeks of vacation this year and enjoy my holiday.
Take care now.
WeAAsles
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How much of that time away from the store is paid?
PTO
Walmart and Sam’s Club are launching a new, simplified PTO policy, effective March 5, 2016 that will streamline paid vacation, sick time, personal time and holiday time into one category. And the one-day wait to use sick time will be eliminated, as promised. When the plan rolls out in March, both full- and part-time associates will earn PTO based on tenure and hours worked. The plan includes:
- No waiting. PTO is available to use as soon as it’s earned and can be used for almost any reason.
- Full-time hourly associates can carry over up to 80 hours (48 hours for part time) of PTO from year to year.
- Any unused hours at the end of the year above the 80 hour and 48 hour limits will automatically be paid to hourly associates in the first paycheck every February.
- Associates will also keep any existing and accrued sick and personal time. These balances will be kept separate, to be used for certain circumstances once all available PTO is used.
La Li Lu Le Lo
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Looks like Walmart has a better vacation policy than you do.
Might want to talk to the UNION about that.
Might want to talk to the UNION about that.
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Koolcat
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- Mar 21, 2014
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I believe there is no restrictions after hitting 65 yrs old
Now that I do not know. But this is the first time I have heard this. If what you say is true, most that retire after 65 (in our field) never look back. I know several AA fellas that are planning on retiring most at 60 or 62 and some even sooner at 58 and one at 55. These guys are planning correctly and such but life happens and emergencies come up with families and health. If they needed to go back to work even part time, they better not return to the field they know best (aviation) and some non-aviation, as it will hit them in the pockets per the pensions rules and regs. I do not care who looks at having a pension and going back to work to earn more, badly. Could really care less, they have earned their pensions and there should be no restrictions what-so-ever period. It is the same as me building my 401K up, going back to work and it effecting the amount or all of me getting income from MY 401K. It's just plain stupid restrictions on the pension and just yet another reason for the managers (unions/company) to not have to pay out to certain individuals anymore. Pathetically sad IMO.
WeAAsles
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They wouldn't unless you went to work at an IAM represented job or maybe took a high profile job where you could be discovered.
If say as an Airline Mechanic you chose to work for a Private owner of a Plane and make some money on the side only the IRS should be the one to get that information (If it's reported)
conehead777
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- Dec 8, 2014
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Contract? What contract. AA spends 200 million on its customers with a new lounge and $60 on its mechanics with a new screwdriver. Everyone is happy.
All smiles showing off their new toy.
We are all good until September 2018.
http://www.breakingtravelnews.com/news/article/american-airlines-opens-new-flagship-lounge-at-jfk/
We should do a photo shoot wearing our solidarity t shirts waving our brand new screwdrivers in the air.
All smiles showing off their new toy.
We are all good until September 2018.
http://www.breakingtravelnews.com/news/article/american-airlines-opens-new-flagship-lounge-at-jfk/
We should do a photo shoot wearing our solidarity t shirts waving our brand new screwdrivers in the air.
Coney in your job function you would have been better served if the company gave you a mallet and a large pry bar instead of a screwdriver any way since I'm In the IAMPF with the way it is going I'd rather see more restrictions than have them reduce the monthly payment. I know some will scream how about not collecting until 62 or 65 like SS?
anotherdelay
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- Jun 26, 2012
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geez imagine if they go after the person for back pay, and then cut the benefit for life for violating it. This union pension is more chessy than a philly cheese steak.
La Li Lu Le Lo
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So would a industry leading JCBA but instead we got a screw(ing) driver.
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