Koolcat
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- Mar 21, 2014
- 199
- 27
Weez, you got to be kidding! A petition almost two years old with 62 signatures to have Peterson to resign? Who was the genius who came up with this bright idea?2015 petition??
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Weez, you got to be kidding! A petition almost two years old with 62 signatures to have Peterson to resign? Who was the genius who came up with this bright idea?2015 petition??
Our frozen pension will stay where it's at and will not be moved to the IAMPF!
Just like you will get a vote for are against the association the twu is known for not telling the truthAccording to the TWU in 2014 you are correct.
https://twu514.org/blog/2014/08/14/american-and-the-frozen-pension-plan/
IAM National Pension Plan.
If and when we get this plan initiated it will be a separate plan. This means that you’r AA frozen plan stays right where it is and the IAM plan will start as a NEW plan.
The 401 k match comes out to roughly $2.50/hr and is paid on EVERY hour worked, OT comes out to around $4/hr and IIRC ot is running around 20% of all hours worked. The IAMNPF is a fixed amount regardless of OT worked. IIRC it comes out to around $4k per year . Just straight time hours with the 401K match comes out to around $5K per year, then add another $1600 or so for OT hrs matched and the company would save around $2600 per man. Roughly $18 million a year just for Title I .Where do you get your calculations on the company saving millions on the IAMPF compared to 401k
I hope so and believe that will be the case but everyone should be aware that it could happen. Everyone should also be aware that the TWU and IAM already signed an agreement to put us all in the IAMNPF. That is not a scare tactic, that is fact. The TWU and IAM could agree to throw out that agreement, the only way I see them doing so, because they have chosen to leave it in place over the last four years, is if they face the threat of us leaving both unions. For the last two years that was not an option. If you recall they told us we would get to vote on the Association, but chose not to.Our frozen pension will stay where it's at and will not be moved to the IAMPF!
Exactly, the statement that says they will not touch our pension is in exactly the same format as the statement that said we would get to vote on the Association, an unsigned Q&A sheet.Just like you will get a vote for are against the association the twu is known for not telling the truth
Actually that's according to Local 514, the same Local that told their people to vote for the Bankruptcy contract. There is nothing in the agreement the TWU and IAM signed to support that statement.According to the TWU in 2014 you are correct.
https://twu514.org/blog/2014/08/14/american-and-the-frozen-pension-plan/
IAM National Pension Plan.
If and when we get this plan initiated it will be a separate plan. This means that you’r AA frozen plan stays right where it is and the IAM plan will start as a NEW plan.
I've seen no evidence that the TWU International repudiated these statements from Local 514. I did see this from Harry Lombardo in 2015 from the Local 505 site:Actually that's according to Local 514, the same Local that told their people to vote for the Bankruptcy contract. There is nothing in the agreement the TWU and IAM signed to support that statement.
Another true statement in writing from the TWU, IAM and the Association.
You will vote on the association representation.
How did that work out?
Any statement in writing from the TWU, IAM and the association has no credibility. That has been factually proven.
Trust nothing they say. We need to rid ourselves from this disgraceful organization that they refer to as a union.
I'm still baffled as to why at least the LAA guys didn't storm the bastille over this injustice. In regard to the AA pension I'm not sure why we even care what the TWU/IAM has said or will say. AA has 100% control over the pension they fund, froze, and administer and the ASSociation can not demand any changes either through negotiation or litigation.Another true statement in writing from the TWU, IAM and the Association.
You will vote on the association representation.
I'm still baffled as to why at least the LAA guys didn't storm the bastille over this injustice. In regard to the AA pension I'm not sure why we even care what the TWU/IAM has said or will say. AA has 100% control over the pension they fund, froze, and administer and the ASSociation can not demand any changes either through negotiation or litigation.