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Atlas Air Hiring

Old 06-25-2014, 11:28 AM
  #8761  
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Originally Posted by JonnyKnoxville View Post
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.
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.
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Old 06-25-2014, 11:42 AM
  #8762  
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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!
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Old 06-25-2014, 11:48 AM
  #8763  
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Originally Posted by 742Dash View Post
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.
With this group, once it is announced, it will be too late and that is by design.
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Old 06-25-2014, 12:07 PM
  #8764  
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Originally Posted by CandlerKid View Post
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!
That is the Central States plan, which is one of several Teamster pension plans (most of which are healthy).
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Old 06-25-2014, 12:15 PM
  #8765  
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Default Atlas Air Hiring

http://teamster.org/content/our-pension
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Old 06-25-2014, 12:35 PM
  #8766  
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Originally Posted by JonnyKnoxville View Post
With this group, once it is announced, it will be too late and that is by design.
Pension is another word for lie. I love working at Atlas and there are scenarios where I stay. Any retirement program that involves a pension will get me out the door much sooner. I want to control my own retirement - not have it managed by a union notorious for corruption.

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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Old 06-25-2014, 12:43 PM
  #8767  
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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!
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Old 06-25-2014, 12:58 PM
  #8768  
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Originally Posted by Whale Driver View Post
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!
If they take away what little retirement I'm getting then I'll vote for someone else but I'll be leaving anyway.
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Old 06-25-2014, 01:37 PM
  #8769  
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Most of the stuff about the current ExCo here is total BS, campaign season begins!
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Old 06-25-2014, 02:43 PM
  #8770  
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What is BS?
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