ta passed
12-22-2012, 07:24 AM
#72
Available for Contract
Joined APC: Mar 2005
Position: CL-601
Posts: 193
Educational opportunity
Originally Posted by cactus757
Frozen "A" Fund
Terminated "B"
14% to the AA 401k plan
Terminated "B"
14% to the AA 401k plan
Military guy here.
I believe I know an "A" fund is a defined benefit plan. And I received great knowledge on here when I asked about the "B", but now i see "C" Funds being added.... Anyone explain this one?
Thanks
12-22-2012, 08:19 AM
#73
Gets Weekends Off
Joined APC: Jul 2006
Posts: 2,889
Guys, it's really simple.
BK is BK, no matter how much $$$ a company has. I was a hardliner subscriber to the fact that AMR had way more cash than others, and as such we should have gotten a DAL-style contract, which is why I voted No. What I failed to realize was that the judge and UCC don't distinguish between BKs - the rules are stacked against us no matter how much of a disgrace the BK is.
So to all of you who are ripping on our new TA pay scale and comparing it to UAL/DAL, ask yourself this. What were NWA/UAL/DAL's payscales with their BK TAs and how did it compare to CAL/AAs payscales, the two companies who weren't in BK? Answer: they were much lower and more ominous than CAL/AA. Look at their payscales today. AA will be no different.
The AA payscale WILL come up to industry standard, and a lot sooner than six years.
Overall, we accomplished A LOT more than our past peers in BK. that is a direct result of our first No vote. That will serve to help set the standard for future pilot groups faced with BK.
BK is BK, no matter how much $$$ a company has. I was a hardliner subscriber to the fact that AMR had way more cash than others, and as such we should have gotten a DAL-style contract, which is why I voted No. What I failed to realize was that the judge and UCC don't distinguish between BKs - the rules are stacked against us no matter how much of a disgrace the BK is.
So to all of you who are ripping on our new TA pay scale and comparing it to UAL/DAL, ask yourself this. What were NWA/UAL/DAL's payscales with their BK TAs and how did it compare to CAL/AAs payscales, the two companies who weren't in BK? Answer: they were much lower and more ominous than CAL/AA. Look at their payscales today. AA will be no different.
The AA payscale WILL come up to industry standard, and a lot sooner than six years.
Overall, we accomplished A LOT more than our past peers in BK. that is a direct result of our first No vote. That will serve to help set the standard for future pilot groups faced with BK.
Last edited by aa73; 12-22-2012 at 08:30 AM.
12-22-2012, 01:51 PM
#74
Gets Weekends Off
Joined APC: Dec 2007
Position: Window seat
Posts: 5,213
Originally Posted by UPDRAFT
Jonny.., good points.
I was not aware of the snap back. When does that take effect?
I was not aware of the snap back. When does that take effect?
Updraft - "lets face it, you guys saw some potential $$ in the 13% and sold the farm."
No need to be verbose when Johnny K. smacked it outta da park.
But here's another significant part of the contract, that you accused APA of 'selling the farm', that has never been achieved in BK before.
Thread
Thread Starter
Forum
Replies
Last Post
