Unfortunately, I feel LAA, as a group, will be unable to prevent the IAMNPF.
Due to the fact that we were unable to resist the pre-JCBA, Letter of Agreement pay raise, there will be very few that would vote against a contract that included the IAMNPF and possibly risk losing that nice pay raise. There will be a small minority who resist, but the majority will not want to risk losing those payments for the nice new cars and trucks and boats and houses.
We've been bought and sold and played like fools.
The failing pension plan is a pyramid scheme, at best. Now all the AA folks have to do is find somebody else to buy in at the bottom to prop up your end.
The payback time on my investment in the IAMNPF is nearly 4 years before I make my first dime. I just hope I can a least get my initial investment back in the time the fund is still solvent.
Watch out, and keep your eyes and ears open because soon the snake oil salesmen will be coming to town on their covered wagons to sell you the magic elixir, the IAMNPF. Because, after all, you're too stupid to manage your own money.
Just like they told us.............