American Airlines and Labor Negotiations

[NYer]

I was told it went like this -------Company matches to 4% and at the end of the year the company would give us 5% of our Gross Pay.
Has anyone heard this?

Doesn't sound right.

 

[Buck]

Doesn't sound right.

refresh the page, it is wrong.
Is it a true 9%?

 

[NYer]

refresh the page, it is wrong.
Is it a true 9%?

Up to 9%.

The detail that needs a better explanation is whether salary means all hours worked or just the base 2080 for FTers.

 

[AANOTOK]

If Employer contributions to the IAMPF take from the potential Match on your 401k ?

That was my point.

 

[WeAAsles]

If Employer contributions to the IAMPF take from the potential Match on your 401k ?

I could care less because I’ve always said at best we would be offered a choice of getting in it if we wanted to. And I’m not in it so I’m not palpitating heavily on it really.

With this Company offer we can see where their preferences lie BTW.

And to be totally honest on this topic in one of the Peterson videos he said how the Company wants to take away “THEIR” IAM Pension/ not the Company doesn’t want to let us in.

That was a pretty clear signal to me.

 

[Deleted member 14439]

I was told it went like this -------Company matches to 4% and at the end of the year the company would give us 5% of our Gross Pay.
Has anyone heard this?

It seems I have it wrong but is it a true 9%?

Up to 9%, it depends on how much the employee contributes. The company will automatically contribute 5% of an employees annual salary to their 401k. They will MATCH up to an additional 4% of the employees contribution. Here is the bullet point from the company propaganda..."‍‌‌‌‌‌‌‌‌‌‌‌‌‍All TWU-IAM-represented team members would transition to an enhanced 401(k) plan. Company contributions would be an automatic 5% of your annual salary (no matching funds required by members), which is a higher contribution toward retirement than the current IAM pension plan or the current TWU 401(k). In addition, the company would match employee contributions up to 4% of the team member’s salary, for a total company contribution of up to 9%. IAM pension plan participants would retain any benefits already vested in their pension plan."

 

[Buck]

That was my point.

Yes, your point is a major one. I believe those assets used for running the IAMPF have a potential
place in contribution to our 401k or even working something out to match benefits with LUS

 

[Traymark]

Up to 9%.

The detail that needs a better explanation is whether salary means all hours worked or just the base 2080 for FTers.

Even if it was a full 9% contribution,(it's not) it's still piss poor.
The company is making many billions more than they were when they gave the
pilots a 16% Contribution.
We should get 16% contribution as a floor.

When the company came to us for give backs , it was predicated on their quickly deteriorating financial position.
When their financial position is strong beyond comprehension, as it has been for the last 3 years, our compensation in negotiations during said time should reflect that.
Parker needs to improve his offer that he says is the shizzle.

 

[Tim Nelson]

Is it possible to have a card drive splitting the Association, TWU vs. IAM?

After a JCBA, (Or before) the TWU can demand an election if it submits an application for an election. That is unlikely.
A card drive from another union or a new in house union can initiate at any time. One only needs 50% of the whole but could possibly challenge the Obama ruling by appealing to the NMB for a 30% bar, assuming Trump's NMB appointees are willing to undo the Obama era rule which favors labor organizations against raids.

But we know for certain that 50% is no problem if it were attained. That would trigger an election between union x and the Association. Neither the IAM or TWU would be placed on the ballot. What I find interesting is that there are no 'no raid' agreements with the Association since it is not a AFLCIO union. So, big unions may see it as 'fair game'.

 

[Buck]

]

 

[CremaDiLimone]

Whatever comes our way people can vote however they want but I’ll make sure to take a picture of my no vote for posterity.

ok, make sure it's not with a pencil.

 

[CremaDiLimone]

Up to 9%, it depends on how much the employee contributes. The company will automatically contribute 5% of an employees annual salary to their 401k. They will MATCH up to an additional 4% of the employees contribution. Here is the bullet point from the company propaganda..."‍‌‌‌‌‌‌‌‌‌‌‌‌‍All TWU-IAM-represented team members would transition to an enhanced 401(k) plan. Company contributions would be an automatic 5% of your annual salary (no matching funds required by members), which is a higher contribution toward retirement than the current IAM pension plan or the current TWU 401(k). In addition, the company would match employee contributions up to 4% of the team member’s salary, for a total company contribution of up to 9%. IAM pension plan participants would retain any benefits already vested in their pension plan."

so, one could argue that:

you can give yourself a personal 1.5% raise by lowering your personal contribution from 5.5% to 4.0%...but, at the same time, now 9% + 4% company match of your check is going into your 401k.

- the company covering the first 5%, the company matching the next 4%, if you so decide to match.

or, you can give yourself a 5.5% raise by not contributing anything. the company will contribute 5% of your wages to your 401k, but you will lower what is going into your 401k.

 

[B737 driver]

driver if you don’t actually work for AA and walk around one of our fields how can you make the claim that most hate the Association and want out of it?

Honestly I think “most” employees come in to work, do what they have to do, and go home to their families or big screens.

I know that you’re not promoting any particular group but again for the 1000th time the conversation of representation change at AA is assinine and wasted bandwidth.

If it didn’t happen when we had massive cuts to pay and benefits it’s NOT going to happen after we all got huge raises in 2016.

No despite the loudmouths you read here on Forums (Between Half a Dozen to a Dozen) most people I run into (Real people) are pretty content.

I was going on what I read here, you're right I don't work there.All I know is I see the TWU have protest against Parker and company, and the IAM doesn't show up. You guys would have a better chance of having the TWU the surviving union if you had an election between the TWU and the IAM. Then you would be one union. It's better than the pipe dream thinking you would have AMFA or the Teamsters, because all that would happen there is nothing, and you still have the association. It is much easier to get a contract with one union, than two fighting for different things.

 

[WeAAsles]

ok, make sure it's not with a pencil.

I didn’t vote in 1995 (I was a total New Hire)
I voted yes in 2001
I didn’t vote in 2003
I was going to vote no on the deal before the BK and
I voted yes for the BK Agreement

 

[WeAAsles]

I was going on what I read here, you're right I don't work there.All I know is I see the TWU have protest against Parker and company, and the IAM doesn't show up. You guys would have a better chance of having the TWU the surviving union if you had an election between the TWU and the IAM. Then you would be one union. It's better than the pipe dream thinking you would have AMFA or the Teamsters, because all that would happen there is nothing, and you still have the association. It is much easier to get a contract with one union, than two fighting for different things.

I highly doubt the IAM and TWU will slug it out so the point is moot. And the point will be even more moot when we vote in JCBA’s.

When people are fat and satisfied financially they ain’t gonna give two chits about any silly card drives or pissing contests.