Given the upcoming merger and plans for the "association" between the IAM and TWU what does the future hold for the IAM pension at AA/US? Obviously legacy US IAM members will retain the vested portion but its unclear what will happen to new hires and IAM members who will pay dues to the TWU based on their location. The two unions/association will eventually negotiate a JCBA but its unlikely the company will agree to allowing new hires join the plan. Plan participants are receiving reduced payouts as it is, and while the plan is fiscally sound for the moment will there will likely be changes going forward.
Josh
Josh