mike33 said:
The context of our conversation was those over 50 years old with the assumption that a particular individual at AMR does not work overtime or have at least 9 years.
it could be 5.5% on $34.50 on all overtime if we figured that in. Even those below the 9 year mark who aren't making $23 could have 5.5% on any overtime rate of 1.5 x.
The max that a full time US AIRWAYS IAM member can have going into the IAMPF from the company is $2,185 a year.
The max for a topped out AMR agent who works NO OVERTIME is $2,635 a year. Or a contribution difference of about $500.
The Max for a AMR worker who only works 8 hours of overtime a week, the company would have to contribute: $3,425 or a difference of $1,250 when compared to the IAMPF company contribution.
Of course, the IAM members who are part time, regardless of time, get POUNDED with the .65 cent an hour, or only a $845 contribution for a 25 hour part timer. Notice, the 25 hour part timer also gets POUNDED by the IAMPF as he does NOT meet credit qualifications [Remember Mike, one needs 32 hours a week otherwise the credit penalty kicks in].
Your boys negotiated this mess. Go ahead, I can't stop you from voting for them either. But they negotiated this crap. In fact, your boys pounded 40% of our members with charging them full dues, twice for health care, and half for pension. WTH? Well, I guess nobody can stop you from going over a cliff with these guys one more time.