The DOL files suit against the IAMPF and trustees
- Thread starter Koolcat
- Start date
WeAAsles
Veteran
- Oct 20, 2007
- 23,426
- 5,246
Jester
Veteran
Well, this should end any ideas of Fleet accepting the IAM pension in their JCBA... hopefully, we can get a 401K matching of 9% (?) provided to Southwest rampers. Honestly, I have had my suspicions about the IAMNPF (and multi-employer plans, in general) for while and the Dept. of Labor accusations only confirm my ideas.
Kev3188
Veteran
I personally would like to see the IAM transition away from pensions entirely, and focus more on getting higher company contribution amounts and matching percentages for their members...
(Full disclosure: I'm currently a participant in the IAMNPF)
(Full disclosure: I'm currently a participant in the IAMNPF)
- Banned
- #6
And I fully support the prosecution or any civil action for anyone who is found to have done anything wrong.
Just read the court filing, doesnt look good for certain people, well if they used the members money illegally then they deserve what they get and should be prosecuted to its fullest.
Just read the court filing, doesnt look good for certain people, well if they used the members money illegally then they deserve what they get and should be prosecuted to its fullest.
Ok, here we go, total affirmation the IAMNPF is dirty, always has been dirty, run by union hacks, and now they will have to pay back what they stole from the fund.
Anybody have any ideas how they will do that?
I've been warning about how the fund was run, by lifelong union hacks, not a degree among them about finance, and they have total control of your retirement money.
Yeah, that sounds so reassuring instead of a 401k with a healthy match/contribution that YOU - and only you control, how much is invested, in which funds and it's totally portable when you retire.
Can't wait to see 700's talking points once he gets them, if they even let him chime in here, because this is some serious shite, someone might be going to jail.
Anybody have any ideas how they will do that?
I've been warning about how the fund was run, by lifelong union hacks, not a degree among them about finance, and they have total control of your retirement money.
Yeah, that sounds so reassuring instead of a 401k with a healthy match/contribution that YOU - and only you control, how much is invested, in which funds and it's totally portable when you retire.
Can't wait to see 700's talking points once he gets them, if they even let him chime in here, because this is some serious shite, someone might be going to jail.
Kev3188
Veteran
You must've been typing at the same time. Looks like he's all for holding anyone involved accountable...
Kev3188
Veteran
You're conflating his affinity for the IAMNPF with an endorsement for the actions of those named in today's case.
One can like the plan and demand accountability both...
One can like the plan and demand accountability both...
Whatever,
What I'm curious of now is, how deep is corruption, how far up does it go, and can this give membership a chance to disqualify the IAM as a bargaining agent at AA?
If you are corrupt at handling millions in people's retirement money, what makes you fit to remain a representative of the people you are stealing from?
What I'm curious of now is, how deep is corruption, how far up does it go, and can this give membership a chance to disqualify the IAM as a bargaining agent at AA?
If you are corrupt at handling millions in people's retirement money, what makes you fit to remain a representative of the people you are stealing from?
