Tony C is Running for Block 3

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03-12-2019, 03:54 AM

#131

BlackKnight

Gets Weekends Off

Joined APC: May 2013

Posts: 360

While he’s no Terry Tate (there’s only one TTT), I’m happy that there’s a bulldog back in the house.

“To be honest with you, I wish I had 10 Terry Tate’s.”

http://youtu.be/x5dJb2YG7vU

03-12-2019, 08:23 AM

#132

av8rdude

Out to pasture...

Joined APC: Oct 2006

Position: B777 Capt

Posts: 98

Congrats to Tony

I'm retired, so I'm not directly affected by most union goings-on nowadays, but I'm glad Tony got elected. I don't always agree with his opinions, but I do like his approach to whatever problem he's addressing.

And with people like him in the mix, I think it's less likely retirees like me will be screwed over by certain folks bound and determined to "improve" our retirement system when we already have the arguably best one in the industry. I, for one, believe the risk of screwing it up royally for everyone far outweighs the minuscule chance it will actually be improved.

03-12-2019, 11:16 AM

#133

MEMFO4Ever

Bourgeoisie

Joined APC: Aug 2006

Position: 787 SO

Posts: 616

Quote:

Originally Posted by av8rdude

And with people like him in the mix, I think it's less likely retirees like me will be screwed over by certain folks bound and determined to "improve" our retirement system when we already have the arguably best one in the industry. I, for one, believe the risk of screwing it up royally for everyone far outweighs the minuscule chance it will actually be improved.

Accrued, certain benefits accumulated in an ERISA plan cannot be reduced. IRC Section 411(d)(6) is the application of the ERISA statute. Only a bankruptcy judge has that power. Even in a PBGC Distress Termination you would be a PC3 since you are already retired, which would be the highest priority since there are no voluntary or mandatory employee contributions to the trust.

As for Tony, the only thing I have witnessed first-hand is his confrontational style with anyone that disagrees with him. I do not see how that will help us in the long run, but apparently the plurality disagreed. C'est la vie.

Back to work.