JCBA Negotiations and updates for AA Fleet

[WeAAsles]

Did UAL's passenger service go into the plan?

Yes they're in.

http://iam141.org/united/docs/Draft-PSE-TA-041416.pdf

 

[Worldport]

What would you consider a decent buyout package, W?
And on another note...do you feel we will get our prefund match back, or with each passing day does a tad more doubt set in/
Also, I do believe we will get some resemblance of our remaining equity, just not sure how much, and when. Thoughts?

Do you really think we will be offered a better buyout than passenger service. I doubt it

 

[WeAAsles]

What would you consider a decent buyout package, W?
And on another note...do you feel we will get our prefund match back, or with each passing day does a tad more doubt set in/
Also, I do believe we will get some resemblance of our remaining equity, just not sure how much, and when. Thoughts?

A buyout package that's good is up to the individual who's interested. At my age it would have to be a lot more than I'm sure they're going to offer to see me take it.

I believe eventually we will see "something" for it? My hunch.

My thoughts on the equity haven't changed in the slightest.

 

[WeAAsles]

The question on my mine is since the TWU converted the shares into cash, and invested the whole thing, how are they doing to distribute it? The old formula will not work with future final distribution.

The TWU has hired professionals that will manage that distribution when the court finalizes the appeal.

 

[WeAAsles]

Do you really think we will be offered a better buyout than passenger service. I doubt it

FA's at UAL were offered a max of $100,000 a few years back. Who knows what AA might offer in the future to get out the more costly employees and bring in less costly ones? First it would be a tax write off for the company. Plus they would make back the expense in a few short years with lower pay and medical expenses on the newbies brought in.

 

[Jester]

You see it because you're smart. Others just want to believe what someone tells them because they either speak or write well.

The question they all need to learn to ask is "Prove it"

Oh and BTW. The funding level has gone down. 105% to 101% in the last 3 years. Not 110% to 101% like Tim also has exaggerated. And yes that funding loss should concern me if I was part of the plan? "IF" we did gain access (TWU) yes that percentage would dramatically increase but it still "might" not be enough to offset future cuts? Perhaps? Maybe? Who knows? Possibly?

I provided the numbers from the IAM pension fund mailer sent out a couple of months ago to this forum, and I want to say the actuarial numbers of a "clearer picture" (I think that was the quote) showed the pension was only funded at 96%, if I remember correctly... it was under 100%.
 
This Ponzi Scheme is looking to buy some more time with new members to float it along hoping for a major returns on investments, and I have no doubts there will future cuts at some level to some group.

 

[WeAAsles]

I provided the numbers from the IAM pension fund mailer sent out a couple of months ago to this forum, and I want to say the actuarial numbers of a "clearer picture" (I think that was the quote) showed the pension was only funded at 96%, if I remember correctly... it was under 100%.
 
This Ponzi Scheme is looking to buy some more time with new members to float it along hoping for a major returns on investments, and I have no doubts there will future cuts at some level to some group.

Just like I have no doubt there will be another Global economic collapse that will kill my 401k (Ponzi scheme)

Just like I have no doubt AA will file Bankruptcy again and throw my frozen pension on the PBGC who is underfunded by 30 Billion and we'll get no taxpayer funded bailout. (Ponzi Scheme)

Just like I have no doubt that the Government will collapse taking my Social Security with it and I'll get pennies on that. (Ponzi Scheme)

Just like I have no doubt there will be another housing collapse and the value of my house will be underwater. (Ponzi Scheme)

Just like I have no doubt ????????! (Everything's one big Ponzi Scheme)

 

[Worldport]

Day 2 and no Wikileaks. Tim has his Wikileaks the Washington Post had their Deep Throat. What will day 3 have, perhaps a alcohol induced video. Stay tuned 

 

[WeAAsles]

Day 2 and no Wikileaks. Tim has his Wikileaks the Washington Post had their Deep Throat. What will day 3 have, perhaps a alcohol induced video. Stay tuned

I hear it's warm in Chicago now. Maybe Tim will be wearing a blue and white striped beach tank top with a straw hat sucking on a fruity beverage with a little paper umbrella in the next vid?

 

[Kev3188]

I'm in the IAMNPF. It's sh*t, and I'd love to be able to cash out and be done.

Much better for workers to push for larger matches and fixed employer contributions both.

Much better for unions to be able to then use that difference in "ask" to shore up other areas of CBA.

 

[cltrat]

Just like I have no doubt there will be another Global economic collapse that will kill my 401k (Ponzi scheme)

Just like I have no doubt AA will file Bankruptcy again and throw my frozen pension on the PBGC who is underfunded by 30 Billion and we'll get no taxpayer funded bailout. (Ponzi Scheme)

Just like I have no doubt that the Government will collapse taking my Social Security with it and I'll get pennies on that. (Ponzi Scheme)

Just like I have no doubt there will be another housing collapse and the value of my house will be underwater. (Ponzi Scheme)

Just like I have no doubt ????????! (Everything's one big Ponzi Scheme)

it's not a joking matter to those of us who have already had our contribution cut once and likely face it again in the future

 

[WeAAsles]

it's not a joking matter to those of us who have already had our contribution cut once and likely face it again in the future

Who was joking? There is no such thing as a perfectly secure retirement period, plain and simple. That's why I'm advocating for as much diversity as possible. Meaning for us all to have as many "choices" as possible.

I didn't even bring up the catastrophe of run away inflation that could ruin your retirement nest egg. We may not be Venezuela but could you imagine if you did live there right now.

 

[WeAAsles]

I'm in the IAMNPF. It's sh*t, and I'd love to be able to cash out and be done.
Much better for workers to push for larger matches and fixed employer contributions both.
Much better for unions to be able to then use that difference in "ask" to shore up other areas of CBA.

Much better to start building in the Ozarks and stock your fortification with as much food, water and firepower that you can afford now?

My DBP was chit too since there was no laws in place to force my company to keep it 100% funded and not be allowed to freeze that benefit in a court process not designed for us the workers.

And without some type of fixed income check coming in once a month you could easily be one medical catastrophe away from that nest egg of yours seeing a total wipeout.

What are you going to do then?

In my perfect World AA management would be forced by law to reinstate my frozen pension to active status, restore my lost contributions from the time it was frozen, make up the funding shortfall in 5 years or less time and maintain the funding to 100% levels monitored by Government and actuaries from my Union yearly.

I very much doubt I'm ever going to see that though am I? Even if now this company I work for can absolutely afford to do it.

 

[WeAAsles]

http://www.pensionrights.org/publications/fact-sheet/companies-have-changed-their-defined-benefit-pension-plans

 

[AANOTOK]

Maybe a class action...
Like shift differential, it was left at a  a cent or two and not done away with so it could be brought back.
Our pension was not given to the PBGC, it was only frozen. Let's have our negotiators demand that in our contract, everything
else in our airline life is going contractual.