survey

[TWU informer]

1 yes vote....must be from TUL!!

Before I answer the survey can someone tall me who the "TWU" really is?

 

[odie01]

Would you give the TWU consent to change or terminate the pre-funding agreement?


I say HELL NO! But do we have any say so in that? Can't the International give that away without the members consent?

 

[strikeforce]

Maark767's point is not that AA will steal the fifty-some million of AMT employee contributions that are indeed in a trust fund protected in bankruptcy - his point is that retiree medical is gone, either due to agreement now or the inevitable Ch 11 filing. What's that work out per AMT? Bob Owens has tossed around a number like $5,500 per, give or take. You'll get that back even in a Ch 11 case plus, maybe, some interest. What you likely won't get is the company match (it's apparently in a separate trust) nor will you get retiree medical coverage. AA wants out of the business of covering retiree medical and that will happen one way or the other. That's Maark767's point.

Even if your $5,500 contributions could be confiscated by AA (they can't be), that would be the least of your worries if AA files a Ch 11 petition.

IMO, your union negotiators should focus on getting you industry-leading (or at least industry-neighborhood) line pay of something close to $50/hr. That would be what - a $35,000 annual raise? That should be your focus, not obsessing about a piddly $5,500 or the prospect of getting AA to cover your retiree medical expenses. My assumption is that the worthless union already knows it can't possibly achieve what the UPS or WN unions achieved for their membership, so they're fixated on the company's desire to rid itself of a liability whose cost has grown by double digit percentages each year (retiree medical).

the focus should be to restore our lost wages and benefits to at least pre-2003 levels and then add about 3% per yr x 9 years = 27% on top of those wages. Plus, FULL RETRO and keep retiree medical. If I was on the negotiating team I wouldn't agree to anything less....I don't care if it takes to 2020 to get it.

 

[strikeforce]

So, lets say that this passes, then they do the same thing to us, they will only have retirees in the plan.

So if we were stupid enough to agree to this they could take our money from Prefunding, that they could not get in BK, have a windfall of around $120 million in addition to the windfall from terminating the Supplimental Medical and then shed their retiree medical liabilies as well, all without a BK filing.

We may not be able to stop AA from taking away our Prefunded retiree medical benefits, however we can stop them from taking half the funds we have that were set aside to pay for them. VOTE NO!

Bob, only if you and the other local M&E presidents are stupid enough to accept those terms and decide to bring it back to the membership for vote. Don't bring it back!

 

[Buck]

TWU​

 

[eolesen]

When you get to the menu dial zero to speak to a rep. They really don't want to make it too easy. They probably won't tell you your balance right away, they will call you back.

They don't want to make it easy?... Maybe it's because their systems aren't set up for it, Bob. I'll bet that only a handful of people have ever called up to check on this in the past 20 years, until you and a few others started telling people to do it...

I have no problem with transparency and knowing what the fund balance is, but this is a self-created problem. Nobody ever told JPM that they needed to field calls on a pre-funding trust that employees haven't had visibility into because the intent was they'd never be directly drawing from it...

Scripts used at a call center focus on the 80-90% of the issues people call in for on a regular basis. Your pre-funding trust is probably a fraction of a percent of the calls they receive, so don't be shocked if they can't get the information for you right away.

 

[jimntx]

the focus should be to restore our lost wages and benefits to at least pre-2003 levels and then add about 3% per yr x 9 years = 27% on top of those wages. Plus, FULL RETRO and keep retiree medical. If I was on the negotiating team I wouldn't agree to anything less....I don't care if it takes to 2020 to get it.

That would be similar to what is called a Pyrrhic victory. In the meantime between now and 2020, thanks to the RLA you would be working under the concessions of 2003. Nothing would please the company more than to get 17 years out of a set of concessions that was supposed to last 4 or 5 years. (It's been so long, I forget how long those concessions were supposed to last.)

 

[Buck]

That would be similar to what is called a Pyrrhic victory. In the meantime between now and 2020, thanks to the RLA you would be working under the concessions of 2003. Nothing would please the company more than to get 17 years out of a set of concessions that was supposed to last 4 or 5 years. (It's been so long, I forget how long those concessions were supposed to last.)

2020, by then the company will give us raises just because they care........

 

[jimntx]

2020, by then the company will give us raises just because they care........

But, since the raises could not exceed what the pilots have been offered (it would be in bad taste to do so, don't you know), it would be 3% for 2020, and 1% for each of the following years. Of course, medical premiums would probably go up 5% per year at the same time.

Cynical? Moi? How could you say such a thing?

 

[Buck]

But, since the raises could not exceed what the pilots have been offered (it would be in bad taste to do so, don't you know), it would be 3% for 2020, and 1% for each of the following years. Of course, medical premiums would probably go up 5% per year at the same time.

Cynical? Moi? How could you say such a thing?

Someone help me out here, I cannot recall anyone under the TWU getting a better contract than the pilots?

Informer?

 

[Frank Szabo]

2020, by then the company will give us raises just because they care........

My bullshit detector just pegged ...

 

[comatose]

Maybe your survey should be on changing the name of the airline...

like Valuejet to Airtran.

I prefer Screw U Airlines with the slogan, we at Screw U make it

a priority to screw you today.

 

[chris perry]

I just read the LOA from the international,it clearly states that the money from pre-funding (employee) and (company 1 for 1 match) would be refunded to the employee..if the plan is terminated in bankruptcy or terminated. So it's a clear case of theft or given away by the international. Who's to say the 401k match they are offering later on they can claim it their's....I personally wouldn't trust company nor the international ever..! At this point I"m a no don't care what happens....

 

[strikeforce]

They don't want to make it easy?... Maybe it's because their systems aren't set up for it, Bob. I'll bet that only a handful of people have ever called up to check on this in the past 20 years, until you and a few others started telling people to do it...

I have no problem with transparency and knowing what the fund balance is, but this is a self-created problem. Nobody ever told JPM that they needed to field calls on a pre-funding trust that employees haven't had visibility into because the intent was they'd never be directly drawing from it...

Scripts used at a call center focus on the 80-90% of the issues people call in for on a regular basis. Your pre-funding trust is probably a fraction of a percent of the calls they receive, so don't be shocked if they can't get the information for you right away.

No, this is a problem created by management....the employees are just trying to figure out how much they plan on STEALING from us. That's our right as plan participants. Again, the company doesn't want to honor their obligations....very typical of management. It's absolutely pathetic!

 

[Birdman]

I called JPMorgan, my contributions plus interest is $6500, so my total account balance is $13,000. I'm a pre-90 employee so my balance is much lower than those my age or older who were hired after prefunding was put in place.

I didn't ask but my $10,500 balance includes interest?