JCBA Negotiations and updates for AA Fleet

[WeAAsles]

What's the current multiplier for LUS employees?

Subpar in comparison to their IAM represented counterparts at UAL.

$1.25 I believe for FT and half that for PT.

Hopefully if it's offered to myself and my Union members we will have a "true" expert on hand to explain whether the choice to join would be a sound financial decision or not. With an improvement to the contributions made by the company of course.

 

[Traymark]

Subpar in comparison to their IAM represented counterparts at UAL.
$1.25 I believe for FT and half that for PT.
Hopefully if it's offered to myself and my Union members we will have a "true" expert on hand to explain whether the choice to join would be a sound financial decision or not. With an improvement to the contributions made by the company of course.

Whatever "true expert" you bring in only needs to look at this :

"The multiemployer program covers 10 million workers and retirees in about 1,400 ongoing plans. The multiemployer program has a severe deficit. As of Sept. 30, 2015, assets totaled about $2 billion and obligations totaled $54 billion. It's likely that the multiemployer insurance program will run out of money by 2025 without action by Congress."

And they will then tell you to run very fast and far away from this thing.

It covers 10 Million workers, adding LAA is like pissing on a forest fire, it's still burning to the ground, in a hurry, only now you'll be along for the ride.

Count me out.

 

[WeAAsles]

im going to do a video for the twu peeps discussing the bad and the ugly of the iampf in a Q and A. Hopefully, next week. The leadership has the information on the iampf, so should you.

Tim please read over this link that I'm providing here to you to make absolutely certain that you're not running afoul of any Federal Laws. And absolutely do not except any payments for the advice that you wish to offer publicly.

Don't want to see you end up in the Pen.

https://www.sec.gov/about/laws/iaa40.pdf

 

[WeAAsles]

Whatever "true expert" you bring in only needs to look at this :
"The multiemployer program covers 10 million workers and retirees in about 1,400 ongoing plans. The multiemployer program has a severe deficit. As of Sept. 30, 2015, assets totaled about $2 billion and obligations totaled $54 billion. It's likely that the multiemployer insurance program will run out of money by 2025 without action by Congress."
And they will then tell you to run very fast and far away from this thing.
It covers 10 Million workers, adding LAA is like pissing on a forest fire, it's still burning to the ground, in a hurry, only now you'll be along for the ride.
Count me out.

You're quoting the totality of ALL multi employer Pensions. That's an unfair assessment to all Pension plans currently in existence.

I personally contacted a PBGC Lawyer who actually did call me back and told me that the IAMPF was one of the better funded Pensions out there.

When it comes to "MY" retirement security I'm going to do my due diligence and not listen to the advice of a bunch of Social Media bloggers personally.

The choice for my future is too important to play that game.

 

[Kev3188]

Subpar in comparison to their IAM represented counterparts at UAL.

$1.25 I believe for FT and half that for PT.

Hopefully if it's offered to myself and my Union members we will have a "true" expert on hand to explain whether the choice to join would be a sound financial decision or not. With an improvement to the contributions made by the company of course.

Thanks, but that's the employer contribution.

I'm looking for the "$xxx per month times years of service" number.

 

[WeAAsles]

Thanks, but that's the employer contribution.
I'm looking for the "$xxx per month times years of service" number.

I'm absolutely sure that you have the ability of typing in a Google search (IAMPF) and reading those documents for yourself.

 

[Traymark]

You're quoting the totality of ALL multi employer Pensions. That's an unfair assessment to all Pension plans currently in existence.
I personally contacted a PBGC Lawyer who actually did call me back and told me that the IAMPF was one of the better funded Pensions out there.
When it comes to "MY" retirement security I'm going to do my due diligence and not listen to the advice of a bunch of Social Media bloggers personally.
The choice for my future is too important to play that game.

For those already retired, that may be true.
The fact is, for those NOT YET RETIRED, in the IAMPF, it's funded at a little over 50%.
And it gets worse every year, not better.

Count me out.

 

[WeAAsles]

For those already retired, that may be true.
The fact is, for those NOT YET RETIRED, in the IAMPF, it's funded at a little over 50%.
And it gets worse every year, not better.
Count me out.

Ok. I hear YOU. If "you" don't want to be a part of it, "you" shouldn't have to be.

I'll mark the box NO for Traymark (Anonymous)

 

[700UW]

According to plan documents filed with the government it is 101% funded per ERSIA laws.

 

[WeAAsles]

According to plan documents filed with the government it is 101% funded per ERSIA laws.

When the time comes and not before then if the fund is offered to me, I'm going to have 4 questions I'd like answered from the funds administrators before making "my" choice whether to join or not.

Those will not be difficult questions that I'd like answered and if those questions are answered to "my" satisfaction that will go a long way in making up "my" mind.

Again no one on a Social Media blog page (Or in a silly video) is going to sway "my" decision.

 

[Kev3188]

I'm absolutely sure that you have the ability of typing in a Google search (IAMPF) and reading those documents for yourself.

Or I could just ask here, since a couple of LUS employees are on, and we're on a message board.

You know; exchange of ideas/information and such...

 

[WeAAsles]

Or I could just ask here, since a couple of LUS employees are on, and we're on a message board.
You know; exchange of ideas/information and such...

Nah. Reading for yourself is much easier and less confusing.

http://mypension.iamnpf.org

 

[WeAAsles]

And just in case we decide today to get back to the business of comparing the differences between our two contracts.

This week our Negotiators are working on Overtime. So overtime differences is the week's topic of choice.

http://twu.org/Portals/0/AirContracts/aa_FleetServiceAgreement.pdf

http://www.iam141.org/us/docs/IAM-FS2014-10-7-14-4-3.pdf

 

[Kev3188]

Nah. Reading for yourself is much easier and less confusing.

http://mypension.iamnpf.org

I know how to get there. I'm in the plan. Got a snazzy log in ID and everything.

Anyone besides WeAAsles know what it is? Back of the envelope math shows $56ish; I'm just looking for confirmation.

 

[WeAAsles]

I know how to get there. I'm in the plan. Got a snazzy log in ID and everything.
Anyone besides WeAAsles know what it is? Back of the envelope math shows $56ish; I'm just looking for confirmation.

Anyone who actually works for American Airlines and is a member of the TWU/IAM Association want to ask why someone who has never worked for our company "ever" and hasn't been a Union member for over 15 years now, feels the need to involve himself in "OUR" issues and offer "HIS" advice what "WE" should do for our "choices" ?

Shouldn't this individual worry just maybe a little bit more about his own house where they are transitioning out his job for a much lower paid workforce?

Personally if it were me that's where I would commit my total focus.

But that's me I guess.