IAM Fleet Service topic

[roabilly]

Mr. Dearest Roabilly:

As brevity is the soul of wit, and often times I am accused of being witless, I shall attempt to keep it simple.


Yes, but hardly absolute, as my lenghty discussion with 700UW will attest, and it does bring back a balance to the one-sidedness of contract negotiations by use of a rather crude and heavy instrument of bankruptcy re-organization.


See Answer #1.


Could I use a dead guy's name provided he isn't already running for the GC position?

So Abbreviates Jester.

OK Mr. Jester…

So… I’ll assume it is fair to say that you have agreed in principal, on record, in this forum that Corporate America is in fact using corrupt bankruptcy legislation to undermine the prosperity of the American Worker by using said laws as a tool of business restructuring.

This principal has been practiced in the Airline Industry as well as the Automotive Industry. Having said that… is it not a fact that the corporations utilize the pension dumping provisions granted by bankruptcy legislation to further burden the American Taxpayer with cunningly eschewed pension obligations?

In other words… there is a skunk in the hen house!

 

[700UW]

You dont get the $3,800 I have my letter and it states exactly what we get, at age 50, $563 a month and at age 65 $863, so please show me how I am gonna get $3,800.

Funny how you ignore the facts.

 

[Jester]

You dont get the $3,800 I have my letter and it states exactly what we get, at age 50, $563 a month and at age 65 $863, so please show me how I am gonna get $3,800.

Funny how you ignore the facts.

700UW,

Your math stinks... according to the PBGC website, if you bother reading those links I provided, if you were entitled to anything under $3,800/month then you would lose NOTHING! As you claim that your lost $1,500/month, then I must assume that you were in excess of maximum $3,800/month payment benefit in that amount, and by simple addition, that equals $5,300!

Again, it isn't my money, so I am not going to lose sleep over the matter, but just tell me that you were never in charge of figuring Weight and Balance on a passenger aircraft.

So Calculates Jester.

 

[700UW]

Your totally wrong, I have the letter to prove the figures, you have no idea of what your posting, call the PBGC if you dont believe me.

 

[Jester]

Your totally wrong, I have the letter to prove the figures, you have no idea of what your posting, call the PBGC if you dont believe me.

Maybe someone make a mistake, and for the third and last time... it isn't my problem, it isn't my money, and I am not going to lose any sleep over it. If you want to spend you Golden Years eating Little Friskies, I'm not going to stop you.

So Pronounces Jester.

 

[700UW]

Come on and back up your word, oh wait, you cant because your wrong.

 

[Jester]

Come on and back up your word, oh wait, you cant because your wrong.

Okay, let's see what you need for evidence.... are you willing to provide me your name, address, and Social Security number, and a limited power of attorney for me to investigate this on your behalf to prove it to you? First, I doubt you would be willing to provide that information to a complete stranger online, and thus, for me to handle your case and your individual situation would be impossible, not to mention, I would expect a professional fee, especially if I was able to obtain greater benefits through a PBGC mistake.

Second option, I already posted in a prior message, which provides evidence of the maximum payment (the legal limit) being approximately $3,800/month under the terminated US Airways plan in 2005. http://www.pbgc.gov/wr/benefits/guaranteed-benefits/maximum-guarantee.html#2005

In addition, from the PBGC website, "The overwhelming majority of the participants in plans taken over by the agency face no reduction in benefits due to the legal limits on coverage, PBGC research shows. The largest reductions occur in cases where participants earn pensions that 1) significantly exceed the maximum insurance benefit, or 2) provide generous early retirement subsidies." http://www.pbgc.gov/news/press/releases/pr10-02.html

Once again... if you were entitled to any amount UNDER $3,800, you should NOT have received a reduction.

You can stomp your feet as if to be a petulant child online about how I have not provided proof or backed-up my word, but if you refuse to help yourself or educate yourself with the links I have provided, I have no interest, no abilities, and no desire to force to you do otherwise.

By the way, what's your favorite flavor of Little Friskies?

So Counsels Jester.

 

[Harry Callahan]

Things are soon going to come to a big melt down in CLT imo if this schedule & shortage of help isn't solved soon. Tonight hundreds of bags missed in my work area due to no where near enough help & working in un bearable heat. People can only do so much. Who ever makes the decisions needs to wake the hell up.

 

[7rings]

Things are soon going to come to a big melt down in CLT imo if this schedule & shortage of help isn't solved soon. Tonight hundreds of bags missed in my work area due to no where near enough help & working in un bearable heat. People can only do so much. Who ever makes the decisions needs to wake the hell up.

sounds like the bagroom will be busy in the am . might need to take a mental anguish day off.. if you know what I mean. Always good to have FMLA.
keep working safe and stay hydrated. the company could care less if you fall out from heat stroke. It's your health not Rich A health thats on
the line. its just not worth it.

 

[Harry Callahan]

sounds like the bagroom will be busy in the am . might need to take a mental anguish day off.. if you know what I mean. Always good to have FMLA.
keep working safe and stay hydrated. the company could care less if you fall out from heat stroke. It's your health not Rich A health thats on
the line. its just not worth it.

No it's not worth it. We all need to make sure we work safe. As far as tomorrow goes not this but with school out bag room will not know what hit them. If you have FMLA or are not feeling well stay home.

 

[kamchaser]

Okay, let's see what you need for evidence.... are you willing to provide me your name, address, and Social Security number, and a limited power of attorney for me to investigate this on your behalf to prove it to you? First, I doubt you would be willing to provide that information to a complete stranger online, and thus, for me to handle your case and your individual situation would be impossible, not to mention, I would expect a professional fee, especially if I was able to obtain greater benefits through a PBGC mistake.

Second option, I already posted in a prior message, which provides evidence of the maximum payment (the legal limit) being approximately $3,800/month under the terminated US Airways plan in 2005. http://www.pbgc.gov/wr/benefits/guaranteed-benefits/maximum-guarantee.html#2005

In addition, from the PBGC website, "The overwhelming majority of the participants in plans taken over by the agency face no reduction in benefits due to the legal limits on coverage, PBGC research shows. The largest reductions occur in cases where participants earn pensions that 1) significantly exceed the maximum insurance benefit, or 2) provide generous early retirement subsidies." http://www.pbgc.gov/news/press/releases/pr10-02.html

Once again... if you were entitled to any amount UNDER $3,800, you should NOT have received a reduction.

You can stomp your feet as if to be a petulant child online about how I have not provided proof or backed-up my word, but if you refuse to help yourself or educate yourself with the links I have provided, I have no interest, no abilities, and no desire to force to you do otherwise.

By the way, what's your favorite flavor of Little Friskies?

So Counsels Jester.

My retirement benefit was greatly reduced and is a little over half of what I was supposed to get. I was supposed to get $2500 and now I will receive $1500.

"The overwhelming majority of the participants in plans taken over by the agency face no reduction in benefits due to the legal limits on coverage, PBGC research shows."

This is a general statement about all the plans not just US Airways plans knucklehead. Once again you twist the facts to prove your point. The majority of US Airways plans that were taken over were drastically cut. The only people that were going to get $3800 or more were pilots. Quit twisting the facts.

 

[Jester]

My retirement benefit was greatly reduced and is a little over half of what I was supposed to get. I was supposed to get $2500 and now I will receive $1500.

"The overwhelming majority of the participants in plans taken over by the agency face no reduction in benefits due to the legal limits on coverage, PBGC research shows."

This is a general statement about all the plans not just US Airways plans knucklehead. Once again you twist the facts to prove your point. The majority of US Airways plans that were taken over were drastically cut. The only people that were going to get $3800 or more were pilots. Quit twisting the facts.

Right Kam,

You must assume that the PBGC decided capriciously and arbitrarily to treat US Airways employees differently from the what the law allows, and you think because their website did not post a separate study on US Airways employees, that must mean that *I* have "twisted the facts"? I gave you the links and I really do not care how you live your retirement.

What's your favorite flavor of Little Friskies?

So Repeats Jester.

 

[roabilly]

Right Kam,

You must assume that the PBGC decided capriciously and arbitrarily to treat US Airways employees differently from the what the law allows, and you think because their website did not post a separate study on US Airways employees, that must mean that *I* have "twisted the facts"? I gave you the links and I really do not care how you live your retirement.

What's your favorite flavor of Little Friskies?

So Repeats Jester.

Mr. Jester,

Yer floggin' a dead horse! Everyone I spoke with in CLT last week that is eligible for a PBGC benefit concurred... the pension amount was reduced anywhere from 20 to 30 percent LESS than the original Company Pension projections.

There is a reason Companies use this corrupt strategy to dump loads of their pension obligations onto the American Taxpayer ... GREED!

Unless you are a wealthy individual like 'yer boy'... or a Corporate entity... YOU are paying to supplement these pensions as well. What is really ironic is this... if you pay taxes and are eligible for PBGC benefits... you are assisting in funding your OWN pension!

Meantime... the sleaze bag CEO's and Corporate Officers laugh all the way to the bank!

Corporations are running this Country straight into the ground... not even SULLY could arrest the steep descent... we can only hope for a survivable crash landing!

So applies thrust and forward pressure to the shaking yoke...

BroBilly

 

[Jester]

Mr. Jester,

Yer floggin' a dead horse! Everyone I spoke with in CLT last week that is eligible for a PBGC benefit concurred... the pension amount was reduced anywhere from 20 to 30 percent LESS than the original Company Pension projections.

There is a reason Companies use this corrupt strategy to dump loads of their pension obligations onto the American Taxpayer ... GREED!

Unless you are a wealthy individual like 'yer boy'... or a Corporate entity... YOU are paying to supplement these pensions as well. What is really ironic is this... if you pay taxes and are eligible for PBGC benefits... you are assisting in funding your OWN pension!

Meantime... the sleaze bag CEO's and Corporate Officers laugh all the way to the bank!

Corporations are running this Country straight into the ground... not even SULLY could arrest the steep descent... we can only hope for a survivable crash landing!

So applies thrust and forward pressure to the shaking yoke...

BroBilly

My Dearest Mr. Roabilly,

Are you attempting to perpetrate "New Math" upon this forum? "Original company projections?" A defined-benefit was not a "projection," as it was to be a guaranteed amount. However, I raise the issue of "New Math" because were these "projections" based upon "If-The-Company-Never-Filed-Bankruptcy-And-My-Pension-Continued-to-Grow-This-is-What-I-Would-Have-Had" theory, then you are attempting to foist upon your fellow workers some suspect analysis. If in fact, your conclusions are legitimate and valid, then I would question as to why the IAM has not been inquiring as to what the PBGC website post versus the reality of what you have determined.

Now I must object to your continued attempts to tie an albatross (or as some of my fellow rampers call it an "Alcatraz") around my neck in my alleged support of corporate irresponsibilities regarding pension obligations. As I said before, I consider pensions to be deferred wage compensation, and usually wages are given a higher creditor standing when a corporation files for bankruptcy. Therefore, my belief to liquidate the company instead of allowing the company to "re-organize" by dumping its pension obligations onto the PBGC, and the PBGC should only be used if the company is truly illiiquidate and unable to settle its pension obligations. However, the reasoning to allow the pensions to be dumped onto the PBGC was to keep people employed in companies which may be otherwise forced to close down, and that would be a political decision.

As I have told you many times, Mr. Roability, and just like my momma told me many times before when I was but a child, "Never depend on anyone for your economic survival," and I think you should consider that advice in light of the company, your union, and your career alternatives.

So Recounts Jester.

 

[kamchaser]

Psycho babel. You sure love to hear yourself talk don't you. The fact is, and these are purely facts, every Fleet Service Agent got their pensions reduced. Those are the facts. I can't speak for other work groups but the Fleet Service Agents that were employed by US Airways prior to the merger had their pensions reduced. You can analyze it and distort it and put your spin on it or whatever goes on in that little beady head of yours but THE FACTS are the pensions were cut. What part of that don't you understand. The people that lived it and are living it now bear that out. What is your objective to keep stirring things up and to deny the facts? Does Dougie gives you little pats on the head for your moronic babel? I'll probably get a time out for this but it sure feels good!