Stock Clerks Need Luv Too!
Newbie
- Joined
- Aug 14, 2008
- Messages
- 11
- Reaction score
- 0
I heard this was supposed to happen yesterday. Anyone know the outcome?
565 Arbitration Vice Prez
- Thread starter Stock Clerks Need Luv Too!
- Start date
heckle and jyde
Member
- Joined
- Apr 18, 2008
- Messages
- 31
- Reaction score
- 1
could you tell us what was supposed to happen? thank you
Stock Clerks Need Luv Too!
Newbie
- Joined
- Aug 14, 2008
- Messages
- 11
- Reaction score
- 0
Sorry I should have said Ex Vice Prez
See the post titled AA investigation dated
May 24 2008, 09:57 AM
[quote "AA is currently doing a far reaching investigation into a scam some have pulled with their 401K accounts. 5 stock clerks were fired a year ago and round 2 has now started. This investigation will see alot of individuals taken out of service that people might not figure to be involved. It may very well stretch all the way to the TWU offices in Hurst. It has already hit the office in Bedford. Stay tuned and hang on, it may be a bumpy ride! "]
So far it only got as far as the Ex vice Prez at local 565. His final arbitration was scheduled for yesterday.
See the post titled AA investigation dated
May 24 2008, 09:57 AM
[quote "AA is currently doing a far reaching investigation into a scam some have pulled with their 401K accounts. 5 stock clerks were fired a year ago and round 2 has now started. This investigation will see alot of individuals taken out of service that people might not figure to be involved. It may very well stretch all the way to the TWU offices in Hurst. It has already hit the office in Bedford. Stay tuned and hang on, it may be a bumpy ride! "]
So far it only got as far as the Ex vice Prez at local 565. His final arbitration was scheduled for yesterday.
From what I understand, this arbitration is into day 4 of deliberations.. Haven’t been able to obtain any info on the proceedings but generally, if it has continued for this duration, it’s probably going in the VP direction.
Personally I don’t see the relevance of the company being involved in 401K fraudulent claims. I believe it should be between the individual, the feds, and JP Morgan. The companies position is that a fraudulent claim against a company administered retirement plan is a fraudulent claim against the company, which constitutes theft.
And I agree, I thinks it’s a bunch of bull, but these peeps knew what the game rules were before the kickoff.
So now their playing ball…
Personally I don’t see the relevance of the company being involved in 401K fraudulent claims. I believe it should be between the individual, the feds, and JP Morgan. The companies position is that a fraudulent claim against a company administered retirement plan is a fraudulent claim against the company, which constitutes theft.
And I agree, I thinks it’s a bunch of bull, but these peeps knew what the game rules were before the kickoff.
So now their playing ball…
TWU informer
Veteran
- Joined
- Nov 4, 2003
- Messages
- 7,550
- Reaction score
- 3,731
Maybe Pete Corabi could pull some of those termination case power strings he has and win another?
Hopeful
Veteran
- Joined
- Dec 21, 2002
- Messages
- 5,998
- Reaction score
- 347
PRINCESS KIDAGAKASH
Veteran
- Joined
- Oct 9, 2003
- Messages
- 1,401
- Reaction score
- 2
What these people did was STUPID. You're only allowed to take $50,000(us little people anyway) out of your 401k at a time. Why didn't they just take out a personal loan, instead out taking out a mortgage loan? The interest rates aren't that much different and the personal loan you can use it generally for anything you want to use it for.
