neither does the twu or teamsters. Teamsters may say they do but they won't spend the money on us.They dont have one. And they also dont have a strike fund.
Does AMFA have a good pension plan??? and are they well funded????
They dont have one. And they also dont have a strike fund.
Convention Delegates Approve Strike Benefits Formula
On the final day of the historic 37th Grand Lodge Convention in Orlando, FL, delegates approved a proposition designed to link increases in weekly strike benefits to the balance of the IAM Strike Fund.
According to the formula proposed by the Law Committee and approved by delegates, weekly strike pay would increase from $150 to $175 per week when the Strike Fund balance exceeds $150 million. Each additional increase of $25 million in the overall balance would further increase weekly strike pay by an additional $25 per week.
The balance of the IAM Strike Fund currently stands at approximately $122 million and is regularly replenished with 10 percent of each month’s Grand Lodge per capita tax, as well as with revenue from investments derived from Strike Fund assets. Any decrease in the Strike Fund balance would result in a decrease in benefits to the previous level, but not below $150 per week. The first increase would take effect as soon as the fund reaches $150 million.
at US in 92, we were out for five days, so we didnt get it.
The airlines rarely strike, but in the other industries the IAM represents, they have been paid by the strike fun.
700UW
Since we are talking about airlines since that is where we work then what I said is true.
The last time the IAM went on strike in the USA that I can think of was Eastern. And yes they got strike money. But its been a long time, since 1989.
What about the IBT? their strike fund is that extra .5 of all in money. Same deal there when and which carrier? Its alot of $$$$ to give to a union which has NO FIGHT.
Will not push back and use the strike fund. Roll over and give into the company.
IAM has done to USAir what the TWU has done to AA.
Tell us what happened with the IAM at Continental and the strike and pension there?
Multiple Times......
With the on going negotiations at UAL/CAL aka as United we will see just how much fight is in the Teamsters as they deal with United Airlines management.
None that I have heard of so far. Besides that, why would we need a MOU?
We're Maintenance. We will accept whatever our masters tell us to accept.