American Airlines and Labor Negotiations

[The Prophet]

Your asking a question with someone who isn’t a financial expert.

If you have a question call or email the IAMNPF and read the SPD.

 

[The Prophet]

https://www.marketwatch.com/amp/story/guid/42527178-1859-11E6-B54D-4E0B4D409B09

https://www.marketplace.org/amp/201...ther-modern-401k-says-it-fails-many-americans

 

[WeAAsles]

Just because I ask a question does not mean I am going to adhere to the advice. Since you asked, I want nothing to do with it and will stick with
my 401k, my AA Pension and above all else Social Security which I have more faith in than the IAMPF.

On top of that some look to me and others to discuss this issue. I have yet to find an AA Mechanic that is even considering this pension.
Even a young Mechanic would be safer in his 401k than the IAMPF.

You’re too close to retirement to even consider it anyway IMO. But neither one of us went to School for Finance so I prefer to rely on an educated Financial Advisor for economic retirement advice.

Just like I rely on you to fix my Airplane if it’s busted.

 

[WeAAsles]

Your asking a question with someone who isn’t a financial expert.

If you have a question call or email the IAMNPF and read the SPD.

Preferable to gather as much info as you can from non invested sources and then seek independent professional advice if you had the option to jump in before you make your decision.

 

[Tim Nelson]

Participants don’t pay, the company contributing pays or the fund management.

No money is taken from your benefits to pay the insurance fee to the PBGC.

yes, and those company contributions into the fund are made on my behalf, then the fund manager funds are from those monies....all on our behalf as a cost. Unless you think the Flying Speghetti Monster or the Fund manager or the company is going to pay with their own money?

Not sure why we have to discuss this?

 

[Tim Nelson]

Who is Martinez?

martinez is the international prezident of the iam and former pension trustee boss who was busted for being a lackey in his fidicuary duties as he and his family went to lavish parties on our pension dime and paid themselves thousands just to attend a meeting. Dude, they partied in hawaii, marthas vineyard, beverly hills. And at one place the waiter asked what they wanted to drink. They said "whatever is the most expensive wine". So they knew about the $1500 bottles of wine. If it was $5000 then they wouldnt have cared but they were only limited by the menu.
All documented on DOJ suit.

Most importantly, they had their clueless buddy as fund manager.

These guys are not only complete idiots but morons.

 

[Racer X]

martinez is the international prezident of the iam and former pension trustee boss who was busted for being a lackey in his fidicuary duties as he and his family went to lavish parties on our pension dime and paid themselves thousands just to attend a meeting. Dude, they partied in hawaii, marthas vineyard, beverly hills. And at one place the waiter asked what they wanted to drink. They said "whatever is the most expensive wine". So they knew about the $1500 bottles of wine. If it was $5000 then they wouldnt have cared but they were only limited by the menu.
All documented on DOJ suit.

Most importantly, they had their clueless buddy as fund manager.

These guys are not only complete idiots but morons.

Aren’t idiot and moron synonyms?

 

[737823]

Hes a hell of a man that Josh is

Thanks Al let me know if you pass through BOS.

Josh

 

[WeAAsles]

yes, and those company contributions into the fund are made on my behalf, then the fund manager funds are from those monies....all on our behalf as a cost. Unless you think the Flying Speghetti Monster or the Fund manager or the company is going to pay with their own money?

Not sure why we have to discuss this?

Tim let me ask you a question that doesn’t have anything to do with the viability or lack thereof of the IAMPF as an investment option.

The entire World up to and including that simple tribe in the Amazon that wants no contact with the outside and shoots arrows at Helicopters knows good and well that you hate the IAMPF and desperately want out of it.

Ok I’ve read you state that we should get a 16% 401k like the Pilots get. Never read if you’re ok with there being any Match attached to that or not?

So if everyone who’s in the IAMPF currently thought or was as vocal as you to get the Hell out of the damn thing what do you think the likelihood would be of the Company agreeing to suspend their support for the Fund and grant you that 16% exchange?

What I’m saying here is why should Management pay more to buy a Car you consider to be a complete Lemon and is going to poop out and collapse at the next red light?

The way you act about it if I was Management I wouldn’t offer you any more than a Burrito and a cold cup of coffee with no sugar for the exchange.

 

[WeAAsles]

Aren’t idiot and moron synonyms?

Got 8 Synonyms for Asshat here.

https://www.powerthesaurus.org/asshat/synonyms

 

[B737 driver]

Just because I ask a question does not mean I am going to adhere to the advice. Since you asked, I want nothing to do with it and will stick with
my 401k, my AA Pension and above all else Social Security which I have more faith in than the IAMPF.

On top of that some look to me and others to discuss this issue. I have yet to find an AA Mechanic that is even considering this pension.
Even a young Mechanic would be safer in his 401k than the IAMPF.

They are hoping you will want to be part of the pension fund, because if they got the TWU into the IAM pension, it would put more money into the fund. They have to get more people into the fund to sustain it.

 

[WeAAsles]

They are hoping you will want to be part of the pension fund, because if they got the TWU into the IAM pension, it would put more money into the fund. They have to get more people into the fund to sustain it.

You mean just like Social Security too right?

Don’t people also ride share to save gas and auto maintenance money for the entire group?

 

[ALUS78]

Tim let me ask you a question that doesn’t have anything to do with the viability or lack thereof of the IAMPF as an investment option.

The entire World up to and including that simple tribe in the Amazon that wants no contact with the outside and shoots arrows at Helicopters knows good and well that you hate the IAMPF and desperately want out of it.

Ok I’ve read you state that we should get a 16% 401k like the Pilots get. Never read if you’re ok with there being any Match attached to that or not?

So if everyone who’s in the IAMPF currently thought or was as vocal as you to get the Hell out of the damn thing what do you think the likelihood would be of the Company agreeing to suspend their support for the Fund and grant you that 16% exchange?

What I’m saying here is why should Management pay more to buy a Car you consider to be a complete Lemon and is going to poop out and collapse at the next red light?

The way you act about it if I was Management I wouldn’t offer you any more than a Burrito and a cold cup of coffee with no sugar for the exchange.

Look like one of your tribesman is wearing Nike's

 

[Buck]

You mean just like Social Security too right?

Don’t people also ride share to save gas and auto maintenance money for the entire group?

I trust Social Security more than the IAMPF

 

[Buck]

Aren’t idiot and moron synonyms?

Dictionary.com

fool, half wit, imbecile, dolt, dunce, numskull No Moron