2014 Fleet Service Discussion

[Tim Nelson]

I want to congratulate Unified for Change Candidate A.J. Lindell for being accepted into Law school where he can advance his post grad studies and better serve the membership in his present capacities and also the District Lodge VP spot should he be successful in these District Officer elections.
IMO, our members and our candidates can't get enough education. And it will be truly beneficial having a District VP who gets in future negotiations and actually understands more than 5 words of the English language.

 

[mike33]

 
 
 

Your math is disturbingly wrong.....Or maybe mine is ? ..max contribution no matter how much overtime you work is $17500 x .055 % is $962,50..............dont know where you come up with $3425 contribution by the company.....
That would be almost 10% of a US guys base pay....

 

[Tim Nelson]

The max per the IRS you can contribute is $17500. or $23,00 if you do catchup but the company is only going to match 5.5% on 17500....... I don't care how much overtime you work.....
 
5.5% of $17500 is $ 962.59................where do you get this $3,425 from ???

I'm not sure I follow your question.  That's $3,425 a year benefit for someone maxed out at AMR who works 48 hours a week. 

 

[mike33]

I'm not sure I follow your question.  That's $3,425 a year benefit for someone maxed out at AMR who works 48 hours a week. 

The company does not contribute $3425 when the max deferral is $17500 and 5.5% of that is $960.50.....
 
I'm over it

 

[pjirish317]

Mike,

It's political "fuzzy" math at it's finest. You are correct in that the Maximum for individual investment is $17,500. The max for both employee + employer is $52,000. So i'm not sure.

 

[Tim Nelson]

The company does not contribute $3425 when the max deferral is $17500 and 5.5% of that is $960.50.....
 
I'm over it

$3,425 < $17,500.   Would have to be one helluva overtime hog to get enough compensation to defer $17,500!

 

[Tim Nelson]

Mike,

It's political "fuzzy" math at it's finest. You are correct in that the Maximum for individual investment is $17,500. The max for both employee + employer is $52,000. So i'm not sure.

Only thing fuzzy is how you can blast your own coworkers in RDU and Freedom for listening to the US AIRWAYS candidates who were on the 2008 negotiation team and brought back the 2008 POS, and now support them.   It wouldn't be hypocritical if you supported them and management, if you didn't blast your own coworkers and Freedom for listening to them.

 

[blue collar]

Mike- I have no idea how you're doing your math based on that. If you're making 23/hr x 40 = 920/week x 52 = 47,840/yr. $47840 x .055 = 2631.2 that you've put into your 401k, and the company is matching that - so you'll have $5262.40 in there.

 

[charlie Brown]

Pretty sure everyone already is aware, but just wanted to remind everyone that we will be back in DC tomorrow meeting with the NMB and the company. Will update everyone with what we can, as soon as we can.

 

[pjirish317]

What would you like me to do? Apologize? OK, I apologize. But please don't presume to know what I did and did not do or say to my coworkers here. You have no idea. I blasted the hubs in 2005 also, should I apologize for that also, for them grabbing the cash and selling the smaller cities out for it? Again, for that I apologize. Now what about you? Did you write Artie's and Carl's "mission statement" on the unifiedforchange website? Cause I'm sure they didn't come up with that all by themselves. And lets talk about their "experience" or lack there of shall we. Who recommended them to run for US? And finally down to you. Should you happen to finally ride someone's coat-tails and get elected to a position of power within the union, because you and I both know that if the elections were seperate, you would have zero shot at ever getting elected,and you fail to deliver on your campaign promises, who will you blame? Because it's never your fault is it?

 

[mike33]

 
 
At any rate, the (1)-IAMPF is much less of a cost for the company when (2)- compared to the 5.5% it matches for a AMR employee.  Team delaney is inaccurate when it falsely claims otherwise.  Remember, the (3)- 5.5% on $23 including overtime smokes the IAMPF company contribution which is restricted against overtime and only paid out on $20.57. 

My point is you are wrong.......on all 3 counts. $960.50 is max 401k and iam NPF is $2168. It cost more for the company to fund the NPF !

 

[pjirish317]

 

Mike- I have no idea how you're doing your math based on that. If you're making 23/hr x 40 = 920/week x 52 = 47,840/yr. $47840 x .055 = 2631.2 that you've put into your 401k, and the company is matching that - so you'll have $5262.40 in there.

 So the company is matching dollor for dollar and not a percentage?

 

[blue collar]

Dollar for dollar to 5.5%
If you choose to have 10% put in your 401k, the company will only match 5.5% - that is the max

 

[mike33]

Mike- I have no idea how you're doing your math based on that. If you're making 23/hr x 40 = 920/week x 52 = 47,840/yr. $47840 x .055 = 2631.2 that you've put into your 401k, and the company is matching that - so you'll have $5262.40 in there.

Blue,
 
  Am i wrong that the company matches only 5.5% of the max deferral pretax?

 

[blue collar]

Blue,
 
  Am i wrong that the company matches only 5.5% of the max deferral pretax?

Yes you are wrong. The company matches up to 5.5% of your pretax earnings. You can choose however much you want to put in, but the maximum company match is 5.5%.