IAM Fleet Service topic

[ograc]

Thanks for the response, I will be sure to check it out when it is available...

wings 396 and everyone posting,
I asked wings 396 for patience regarding disclosure of candidates' names on this forum until the Leadership For Progress website was up. The web site is now on line for The Leadership For Progress Team. I encourage everyone to visit. Our mission, bios and experience of all candidates are there to review.

lfp12.com

Fraternally,
ograc

 

[robbedagain]

thanks 700 for the email Im emailing tom regan thanks again

 

[700UW]

YW,

Tom is a real good guy.

 

[Hope777]

Maybe you wont look so foolish if you actually took the time to research and educate yourself.

According to the IRS a 401k is an account funded by pre-tax contributions from an employee's salary.

But I guess your smarter than the IRS and the laws and regulations of the United States.



Non-elective means you cannot control where the company match money goes. A 401k lets you handle all the money and its investments.

Fleet No longer has a Company Matched 401K. A FSA employee may contribute to the prior 401K, but the company make ZERO contribution. FSA are now in the IAM Pension System.

 

[700UW]

Your 401k match money went to the IAMNPF plan where you now have a DBP instead of funding your own retirement.

 

[wings396]

Your 401k match money went to the IAMNPF plan where you now have a DBP instead of funding your own retirement.

Not sure which way you meant to convey that, but the money that were/ are in the 401 remained independent of the IAM pension. I assume you meant the contribution was rerouted to the IAM pension instead.

 

[700UW]

How I meant it was the money the company would use to match, is now going towards the IAMNPF.

 

[ograc]

I,m not convinced we've made any strides in the contract talks to date. However the team in place will still be in place reguardless wich team wins in June. Maybe one or two new players but no real change there. I havent heard of any scope being discussed. Cargo and I know each other and have mutual respect for each other. I wont speak for him but I'm pretty sure that he would agree with being disappointed with the present Leadership.

niblet,
It is true we know and respect each others' dedication. I liken democratic elections within the union, and more specifically the district, to one tending fields of crop or a gardener. There comes a time when the one tending (the membership) must eradicate the weeds from the crop.This is done so that the good crop survives. The pruner cuts the dead wood from the branch so that the branch produces a more bountiful growth. So it is with elections. Some say spare the good and eradicate the bad. Some believe in leaving the field the way it is and are resistant to any change. Others believe you must clear the entire field in order to truly achieve the final goal of production. In June the membership (the one tending) will decide the approach that will be taken. IN JUNE ONLY THOSE WHO VOTE WILL HAVE A SAY.
ograc

 

[roabilly]

niblet,
It is true we know and respect each others' dedication. I liken democratic elections within the union, and more specifically the district, to one tending fields of crop or a gardener. There comes a time when the one tending (the membership) must eradicate the weeds from the crop.This is done so that the good crop survives. The pruner cuts the dead wood from the branch so that the branch produces a more bountiful growth. So it is with elections. Some say spare the good and eradicate the bad. Some believe in leaving the field the way it is and are resistant to any change. Others believe you must clear the entire field in order to truly achieve the final goal of production. In June the membership (the one tending) will decide the approach that will be taken. IN JUNE ONLY THOSE WHO VOTE WILL HAVE A SAY.
ograc

Cargo,

I love you agricultural analogy… I personally prefer 2-4-D as a broad leaf/weed control agent. It is known as a “selective herbicide” and it is very effective in preventing certain species of undesirable plants. I use it primarily in my orchard grass hay fields. The end result is some of the best forage material available in our region of the US.

I apply this agent (2-4-D) in March of each year… apparently… your analogy would require that we apply it in June of this year… and not re-apply it again until June of 2016!

Personally… this leaves me with one thought… since the duration after the initial application is relatively lengthy… we better make sure we get the full effect of our mixture. This will require increasing the ratio to a degree… but not so much as to kill the entire field!

Tim wants to apply Glyphosate…which is broad-spectrum herbicide… essentially eliminating the entire hay field… and starting from scratch! This would require that we take time to till the now dead crop back into the ground, and wait for a prescribed period of time for the chemical to dissipate. Then we would have to begin the process of re-seeding our field with costly equipment, and very expensive seed stock.

My position is this… I’m not willing to kill the entire field and start over. I will however consider the concept of eliminating some of the chickweed, lambs ear, and cocklebur! So... I/we will have to formulate the 2-4-D from a mixture of slates. But… as I said... the concentration cannot be so high as to kill the entire crop!

Sometime before June, I will post my idea of the best slate choice in a mix, and match scenario. However, it will ultimately be the Membership’s decision as to what to do with the crop. Collectively… I hope it’s the right decision... and I will support that decision regardless of what it is.

Keep in mind... if we have a drought in this industry… things could change dramatically by starting over!

View attachment 9428

 

[roabilly]

How I meant it was the money the company would use to match, is now going towards the IAMNPF.

I can’t believe this dude keeps floggin’ a dead horse on this retirement issue! Personally… I prefer the pension over the 401k. I have both… but if it were up to me… I’d go with a bigger pension.

As a footnote, I have been seeing a financial planer for years… and she always looks at the IAM pension with increasing curiosity. She finally told me this year, that out of all of my options… the pension was the most secure, and immune to market fluctuation!

I suppose there will be a host of arm chair financial planners that will come on here and attempt to discredit… and/or refute this reply!

 

[700UW]

Roabilly,

Some people will never be happy no matter what.

The IAMNPF means more money in your paycheck, some people will never understand this concept, that your not funding your own retirement, the company is.

 

[roabilly]

Roabilly,

Some people will never be happy no matter what.

The IAMNPF means more money in your paycheck, some people will never understand this concept, that your not funding your own retirement, the company is.

I think some understand the concept… but would prefer to discredit it for political reasons!

 

[Jester]

As a footnote, I have been seeing a financial planer for years… and she always looks at the IAM pension with increasing curiosity. She finally told me this year, that out of all of my options… the pension was the most secure, and immune to market fluctuation!

I suppose there will be a host of arm chair financial planners that will come on here and attempt to discredit… and/or refute this reply!

My Dear Mister Roabilly,

I could almost hear you invoke my name in hushed angst, but I think anyone with any semblance of financial background would realize that your IAM pension promises are subject to change with little notice as we have discovered in the past year. So while, yes the pension is a good thing, it is far from a sure thing. Your financial planner is probably "curious", but should be more dubious, as to how the pension is able to "guarantee" something while being subject to the same lost decade in the stock market which provided little real returns. Maybe she does not realize our notifications in reducing future benefits or maybe the IAM expects increased contributions from the company to offset the lack of returns (good luck on that one, by the way)? She might need to check her assumptions and realize that "guarantee" is a nebulous concept within our pension.

So Advises Jester.

 

[wings396]

Roabilly,

Some people will never be happy no matter what.

The IAMNPF means more money in your paycheck, some people will never understand this concept, that your not funding your own retirement, the company is.

You do realize that the IAM has notified the US group that their contribution rate will be decreasing in 2014, correct?
I would also like to state that the IAM plan may be a decent one, but it doesn't benefit everyone equally. It's good for people who started close to the inception of the plan, but does far less for those of us who had several years of service under their belts when it started. There are many of us out there who have 3 different retirement plans of which none will bring us the full benefit.
We had the defined plan that was frozen in 92 or so, followed by the 401k which ended for fleet in 03, then the IAM plan that we currently have. When some of us retire, we will have to deal with 3 different plans, which will only be bringing us partial amounts of funds on each one. Another little "tid-bit" that you may not be aware of has to do with some of the members who got jammed up in the MLE stations for a few years. As if it wasn't bad enough that their wages were slashed to $13.01 per hour, their IAM plan contribution was cut in HALF during those years.


While we are on the IAM topic, I can't resist to leave out the reason for the off rate of $13.01 per hour. The leadership leaked out the fact that if a member earned over $13 an hour that they would be in the upper dues bracket. To further kick these members as well as the others, the IAM raised dues across the board within months of the 2003 CBA and it's severe wage reductions. Nice that only some people had to endure hardships, while others kept moving up.

 

[roabilly]

You do realize that the IAM has notified the US group that their contribution rate will be decreasing in 2014, correct?
I would also like to state that the IAM plan may be a decent one, but it doesn't benefit everyone equally. It's good for people who started close to the inception of the plan, but does far less for those of us who had several years of service under their belts when it started. There are many of us out there who have 3 different retirement plans of which none will bring us the full benefit.
We had the defined plan that was frozen in 92 or so, followed by the 401k which ended for fleet in 03, then the IAM plan that we currently have. When some of us retire, we will have to deal with 3 different plans, which will only be bringing us partial amounts of funds on each one. Another little "tid-bit" that you may not be aware of has to do with some of the members who got jammed up in the MLE stations for a few years. As if it wasn't bad enough that their wages were slashed to $13.01 per hour, their IAM plan contribution was cut in HALF during those years.


While we are on the IAM topic, I can't resist to leave out the reason for the off rate of $13.01 per hour. The leadership leaked out the fact that if a member earned over $13 an hour that they would be in the upper dues bracket. To further kick these members as well as the others, the IAM raised dues across the board within months of the 2003 CBA and it's severe wage reductions. Nice that only some people had to endure hardships, while others kept moving up.

Y’all... (You) wink… wink… will go to any length to attempt to discredit everything IAM won’t you? Of course I’m aware of the rate change which is not set in stone... I’m aware of a great deal more than you might imagine! We could take a gold ingot out of Fort Knox and stamp IAM on it... and you would reject it as counterfeit, or worthless. Take the same ingot and put Nelson foundry... and you would would write manifestos proclaiming it as a gift from above!

It is getting increasingly difficult to spin everything to augment your agenda isn't it!