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Old 12-12-2014, 05:06 AM
  #9951  
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Originally Posted by ATCsaidDoWhat
Do you get the part that the Teamsters DON'T have pension plans that they run? To do what you envision would require it being done to ALL pension plans and require a re-write ERISA rules? For a pension plan where a fund gets the money directly from the company...plus and additional voluntary employee contribution above the agreed to amount...how would the government interject themself?
Talk about horrible timing! Congress just passed a rewrite of the ERISA rules that allow multiemployer pensions to cut benefits to current retirees. But that could never happen right?

Congress' No-Bailout Pension Plan Is No Solution for Retirees - 1
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Old 12-12-2014, 06:25 AM
  #9952  
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Originally Posted by Globemaster2827
That's great... I want the Teamsters to have nothing to do with my retirement. Period. Their job is to negotiate what I get. Give me American Airlines's retirement plan. If we get any form of a pension or anything that is in any way attached to the Teamsters then I'll have to change jobs so that I can get a retirement.

I'm the son of a financial planner so I do know a little bit about it. My other parent was an airline pilot so I'm fully aware of what allowing others to "manage" your retirement leads to.

Your understanding of how a retirement (401K, Roth IRA, and emergency fund) should be managed lacks basic understanding of how it should work. When you're young (like me) the bulk of your money should be invested into equities like mutual funds which may do bad the next year but perform at around 12% over the course of time. As you get older you shift your money to lower risk investments such as bonds that don't crash with the market. If you really lost every thing in the Great Recession then you lost it because you weren't responsible enough to read a book on how to manage your retirement. If you were in your mid to late 50s you should've been almost exclusively in stuff like Bonds which wouldn't have hit you.

Please don't take my advice. Read a book. Talk to an expert. It's important enough to read given that people are naive enough to think that their best option is to let the Teamsters manage their retirement. Letting others manage your retirement will result in them robbing you blind just like what's happened everywhere else recently.
I have some better advice for you. Stop parrotting that standard line about how to invest during your career.

You want American Airlines retirement? Ask your airline parent how long it's taken American to get to the point where they are today.

While you're at it, go back, read the post and comprehend that the Teamsters DON'T HAVE RETIREMENT PLANS...there are plans that are negotiated that members are in...BUT THE TEAMSTERS DON'T RUN THEM OR HAVE ANY CONTROL OVER THEM.

I won't apologize for the caps since it seems that you can't grasp the point.

You might want to also ask your financial planner dad how actuaries function in relation to a retirement plan. And what the recent drop in the cost of a barrel of crude is doing to the value of 401 (k)'s...
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Old 12-12-2014, 06:40 AM
  #9953  
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Originally Posted by ATCsaidDoWhat
I have some better advice for you. Stop parrotting that standard line about how to invest during your career.

You want American Airlines retirement? Ask your airline parent how long it's taken American to get to the point where they are today.
I'll never understand this logic? How long does Atlas have to be in business before they pay their pilots what they're worth? Some of us here think that we are just as capable, valuable, and talented as any other pilots in the industry and should be compensated accordingly. Some of us clearly don't...
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Old 12-12-2014, 09:31 AM
  #9954  
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I want nothing to do with anything that has TEAMSTERS and my MONEY on the same page!
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Old 12-12-2014, 11:01 AM
  #9955  
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Originally Posted by ATCsaidDoWhat
And what the recent drop in the cost of a barrel of crude is doing to the value of 401 (k)'s...
Lowering the average cost paid per share? That's a great thing, unless you're cashing out today.

How about we let the new ExCo poll the group as to what they want?

Last edited by captainv; 12-12-2014 at 11:29 AM.
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Old 12-12-2014, 04:12 PM
  #9956  
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Question for the applicants:
When you send in your updated resume/PAQ, do you insert a formal cover letter in the body of the email? Or just a little note saying how glad you'd be to get a call, etc...or nothing at all? I usually include a little email explaining why i sent the update (flight time, new license, etc..) ? Thanks
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Old 12-12-2014, 06:06 PM
  #9957  
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Originally Posted by tuktukdriver
Question for the applicants:
When you send in your updated resume/PAQ, do you insert a formal cover letter in the body of the email? Or just a little note saying how glad you'd be to get a call, etc...or nothing at all? I usually include a little email explaining why i sent the update (flight time, new license, etc..) ? Thanks
I did the same, but made the cover a separate document. I also wrote a quick description of what I was updating.

I'd update your stuff early and often. Sounds like HR is pretty swamped.
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Old 12-12-2014, 10:56 PM
  #9958  
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Originally Posted by Whale Driver
I want nothing to do with anything that has TEAMSTERS and my MONEY on the same page!
Don't take that advice from me... I'm the son of parents worth millions and millions... I'm just lucky to have a job...
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Old 12-13-2014, 01:45 AM
  #9959  
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Originally Posted by captainv
Lowering the average cost paid per share? That's a great thing, unless you're cashing out today.

How about we let the new ExCo poll the group as to what they want?
Sounds like a great idea that we should've thought of earlier...
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Old 12-13-2014, 03:46 AM
  #9960  
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To the new guys, welcome aboard. You'll all be happy to know that the pool is currently empty (this is a fact).

To all the old guys, change is a coming so get ready. This time, as long as we vote in the majority for an assessment, we will have professionals negotiating our next contract.


Happy holidays
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