Atlas Air Hiring
06-25-2014 | 11:17 AM
#8761
Gets Weekends Off
Joined: Sep 2009
Posts: 611
Likes: 0
Pensions held by a union are not involved in a company bankruptcy. IMO this was ALPA's biggest misstep during deregulation. A lot of people would be a lot better off today if the pensions had been moved to ALPA, and the industry had a union pension plan, rather than leaving them in the hands of the airline CEOs.
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.
06-25-2014 | 11:18 AM
#8762
Gets Weekends Off
Joined: Sep 2009
Posts: 611
Likes: 0
Yes, too busy filling out apps! As you know from dealing with our leaders, it's pointless. They are so uneducated on the rest of the industry it's comical. A pension? Seriously? Let me guess, it's to help the senior guys who have saved nothing up to this point? If they cave on the gateway I'll lose all remaining hope for this place. All they do is help the company and give them flexibility while life on the line gets crappier by the day.
06-25-2014 | 11:28 AM
#8764
Gets Weekends Off
Joined: Feb 2008
Posts: 651
Likes: 0
From: Retired
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
#8766
Gets Weekends Off
Joined: Sep 2009
Posts: 611
Likes: 0
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
#8767
Gets Weekends Off
Joined: Feb 2008
Posts: 651
Likes: 0
From: Retired
That is the Central States plan, which is one of several Teamster pension plans (most of which are healthy).
06-25-2014 | 12:35 PM
#8769
Line Holder
Joined: Jun 2014
Posts: 1,306
Likes: 44
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.
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