American Airlines and Labor Negotiations

[WeAAsles]

Did I hear GP say they had full text from the company in July 2018?

I think he used the words “Comprehensive proposal” not “Full text Comprehensive proposal”

That’s the one where they want to trim heads down quite substantially.

 

[Rogallo]

What I mean is something like this. The Company is going to give us 2 1/2 times wages for 10 Holidays but you can comp that 1X pay for 5 extra days off.

Let’s say they took the 5% 401K contribution and gave it to you in wages instead. You could chose to put that 5% in the Bank, 401K, Your Mortgage or take more days off.

With Vacations if you make enough in wages you can CS off however you’d like.

Oh, ok, that clears it all up!

Thinking of it this way. I wouldn’t mind more of an al la carte Compensation package.

Absolutely. Just gimme that 200 hrs of PTO to use whenever I see fit

 

[737823]

Tim why has the Pension Rights Center and Alliance for Retired Americans been silent on this? I thought they were opposed to pension cuts and entitlement reform,

Josh

 

[Jester]

https://freebeacon.com/issues/machinists-cut-out/

In a sense, I feel as if to be a contractual breach, and not from the Company (as they continue to shovel money into this pension rat hole), but rather the IAMNPF who made promises as part of the CBA package. IAMNPF has pro-actively declare itself into a de facto bankruptcy act by declaring itself to be insolvent (before it being completely out of funds), as to eliminate obligations.

Unfortunately, this won't be the first time, as there were cuts 5 years ago, as well. I have no faith in the IAMNPF honoring it's obligations, and I don't want to be holding my breathe will approaching retirement hoping the checks will continue. Any JCBA with a pension mandate will be a "No" vote from me.

 

[WeAAsles]

In a sense, I feel as if to be a contractual breach, and not from the Company (as they continue to shovel money into this pension rat hole), but rather the IAMNPF who made promises as part of the CBA package. IAMNPF has pro-actively declare itself into a de facto bankruptcy act by declaring itself to be insolvent (before it being completely out of funds), as to eliminate obligations.

Unfortunately, this won't be the first time, as there were cuts 5 years ago, as well. I have no faith in the IAMNPF honoring it's obligations, and I don't want to be holding my breathe will approaching retirement hoping the checks will continue. Any JCBA with a pension mandate will be a "No" vote from me.

Actually the IAM has stated and the Company has corroborated it that they are willing to cut loose from the IAMNPF but the Company has to pay the “Withdrawal Liability Fee” which is something they agreed to when they first entered in to the fund.

That fee has grown to be pretty exorbitant but according to the PBGC Website they can make arrangements with the funds Trustees to pay it off over a 20 year term if mutually agreed to.

Remember that the Withdrawal Liability Fee is a Fee that protects the benefits you already earned so you can know they’re safe when you retire and on through.

Unfortunately with the latest bit of news I can absolutely understand you not wanting to remain in the fund. But if the Company doesn’t want to make that Balloon payment then the Company can’t get out from under its responsibilities and you will continue on.

That “could” ultimately mean you’re offered a formula like exists at UAL where they get the IAMNPF plus a 3% contribution and I also suspect new employees will only get the 401k?

https://www.pbgc.gov/prac/multiemployer/withdrawal-liability

 

[ALUS78]

Actually the IAM has stated and the Company has corroborated it that they are willing to cut loose from the IAMNPF but the Company has to pay the “Withdrawal Liability Fee” which is something they agreed to when they first entered in to the fund.

That fee has grown to be pretty exorbitant but according to the PBGC Website they can make arrangements with the funds Trustees to pay it off over a 20 year term if mutually agreed to.

Remember that the Withdrawal Liability Fee is a Fee that protects the benefits you already earned so you can know they’re safe when you retire and on through.

Unfortunately with the latest bit of news I can absolutely understand you not wanting to remain in the fund. But if the Company doesn’t want to make that Balloon payment then the Company can’t get out from under its responsibilities and you will continue on.

That “could” ultimately mean you’re offered a formula like exists at UAL where they get the IAMNPF plus a 3% contribution and I also suspect new employees will only get the 401k?

https://www.pbgc.gov/prac/multiemployer/withdrawal-liability

Likely outcome

 

[WeAAsles]

Likely outcome

I’ve heard that they can’t allow people to drop out individually and that it has to be an all or nothing occurrence.

I’m just curious to see if the Company adopts the “Preferred Schedule” or goes with the “Default Schedule” ?

Being fair to the conversation if the Company goes for the Default that would be a nightmare for the IAM from just pure optics even if they aren’t directly attached to the IAMNPF. (There’s a reason why you don’t let others use your name)

 

[WeAAsles]

The Company has taken down the SOTA Videos from the main headlines and it’s not even in the downward scroll. You have to search for it if you want to find it.

But they did leave their propaganda for Negotiations up which came out 2 days before the SOTA Videos.

Anyone here surprised?

 

[ALUS78]

The Company has taken down the SOTA Videos from the main headlines and it’s not even in the downward scroll. You have to search for it if you want to find it.

But they did leave their propaganda for Negotiations up which came out 2 days before the SOTA Videos.

Anyone here surprised?

I didnt watch Petersons podcast or whatever .Did it have a remarks section?

 

[WeAAsles]

I didnt watch Petersons podcast or whatever .Did it have a remarks section?

You don’t watch a Podcast Al.

 

[WeAAsles]

Although I expect Al to make a smartass crack and maybe even a few others, this is who I feel we need to put up at least some fight for.

http://podcast.twu.org/e/future-leaders-organizing-committee/

 

[ALUS78]

Although I expect Al to make a smartass crack and maybe even a few others, this is who I feel we need to put up at least some fight for.

http://podcast.twu.org/e/future-leaders-organizing-committee/

For the time being why dont you help them set up a lemonade stand

 

[bigjets]

What’s the next step since the NMB says AA and the association are so far apart?

Ask to be released for self help?

 

[ALUS78]

What’s the next step since the NMB says AA and the association are so far apart?

Ask to be released for self help?

Youre asking the association to self help?? Think about what you're asking.

 

[1AA]

What’s the next step since the NMB says AA and the association are so far apart?

Ask to be released for self help?

If you listen to GP explode on his updates from the association it's the end for us. We should just have Congress write our JCBA and stop wasting another 10 years going through the slow NMB process.