Atlas Air Hiring
06-25-2014, 11:28 AM
#8761
Gets Weekends Off
Joined APC: Feb 2008
Position: Retired
Posts: 651
Originally Posted by JonnyKnoxville
I would rather manage my own retirement than leave it in the hands of the Teamsters or Atlas. The industry standard is 16% of your wages being put into a 401k by your company and what do we do? Go the other direction.
How is that Samsung PCD working out for you? Everyone else dumps their paper charts for iPads and we do it differently....blazin' the way.
Underfunded, mismanaged pensions aren't worth the paper they are written on. Can you say PBGC?
Give me one good reason where pensions beat a 401k, just one? They are inferior in every way.
So tied to the Teamsters is a good thing? What if our relationship goes South like it did with ALPA? Let's switch unions...oh, wait my retirement is with the Teamsters...never mind.
How is that Samsung PCD working out for you? Everyone else dumps their paper charts for iPads and we do it differently....blazin' the way.
Underfunded, mismanaged pensions aren't worth the paper they are written on. Can you say PBGC?
Give me one good reason where pensions beat a 401k, just one? They are inferior in every way.
So tied to the Teamsters is a good thing? What if our relationship goes South like it did with ALPA? Let's switch unions...oh, wait my retirement is with the Teamsters...never mind.
I was simply pointing out that the issue that you raised, the company tanking and taking the pension with it, would not be the case in our situation.
And in any case there is no point in getting wrapped around the axle until the facts are on the table.
06-25-2014, 11:48 AM
#8763
Gets Weekends Off
Joined APC: Sep 2009
Posts: 611
Originally Posted by 742Dash
I also prefer defined contribution systems -- ideally with access to single payment life annuities at institutional rates.
I was simply pointing out that the issue that you raised, the company tanking and taking the pension with it, would not be the case in our situation.
And in any case there is no point in getting wrapped around the axle until the facts are on the table.
I was simply pointing out that the issue that you raised, the company tanking and taking the pension with it, would not be the case in our situation.
And in any case there is no point in getting wrapped around the axle until the facts are on the table.
06-25-2014, 12:07 PM
#8764
Gets Weekends Off
Joined APC: Feb 2008
Position: Retired
Posts: 651
Originally Posted by CandlerKid
For a good laugh, google the Teamsters pension plan and look at the news stories on it. Predicted to run out of money in 10 years... Maybe we can work 19 days to get in on that!
06-25-2014, 12:35 PM
#8766
Gets Weekends Off
Joined APC: Jun 2014
Posts: 1,236
Originally Posted by JonnyKnoxville
With this group, once it is announced, it will be too late and that is by design.
If this happens then I'll have to factor my yearly retirement from Atlas/Teamsters at $0.00 a year.... That's if this is true and I KNOW Knoxville is closely connected to this issue.
06-25-2014, 12:58 PM
#8768
Gets Weekends Off
Joined APC: Jun 2014
Posts: 1,236
Originally Posted by Whale Driver
True or not. You can bet the whole Enchilada that anything this leadership does will benefit them and senior Check Airman the most.
This next EXCO election is going to be huge.
ABK!
This next EXCO election is going to be huge.
ABK!
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