MBCBP
#51
Gets Weekends Off
Joined: Apr 2018
Posts: 4,156
Likes: 587
#52
Banned
Joined: Sep 2016
Posts: 8,831
Likes: 499
can you remind me of the date on which you were “promised” a minimum balance concept? I need to search my Union email archive for that
#53
#54
Line Holder
Joined: Oct 2014
Posts: 1,016
Likes: 16
The minimum balance was an imaginary program designed to keep the “Deadzoners” quiet during negotiations. It never existed anywhere else, and likely never will. The votes were not there to hold up negotiations for it in 2019, and certainly not after the VEOP. Anyone who thought there was a chance of it surviving to at TA was a fool.
#55
On Reserve
Joined: Aug 2014
Posts: 139
Likes: 30
The minimum balance was an imaginary program designed to keep the “Deadzoners” quiet during negotiations. It never existed anywhere else, and likely never will. The votes were not there to hold up negotiations for it in 2019, and certainly not after the VEOP. Anyone who thought there was a chance of it surviving to at TA was a fool.
#56
Gets Weekends Off
Joined: Sep 2014
Posts: 5,152
Likes: 130
For those of you new to negotiations, one side doesn’t write what they want, and then just have the other side sign off “good to go”! So when your representatives lay out their “goin’ in game plan” dream sheet and you interpret that as a “promise” of an eventual end-state, prepare to be disappointed. But then you can have righteous indignation that you were lied to, or abandoned, or strong-armed, or forgotten about, or ignored, or disenfranchised, thrown under the bus, or you were a victim of mob rule, or you were part of (or beaten by? I forget who’s who) the silent majority, or even that you were discriminated against! Thence…put together a frivolous law suit and waste your out years yelling at clouds and share your sob story with an audience who isn’t listening.
#57
#58
Thank goodness subsequent generations have learned exactly what a “promise ” is and what it isn’t!
For those of you new to negotiations, one side doesn’t write what they want, and then just have the other side sign off “good to go”! So when your representatives lay out their “goin’ in game plan” dream sheet and you interpret that as a “promise” of an eventual end-state, prepare to be disappointed. But then you can have righteous indignation that you were lied to, or abandoned, or strong-armed, or forgotten about, or ignored, or disenfranchised, thrown under the bus, or you were a victim of mob rule, or you were part of (or beaten by? I forget who’s who) the silent majority, or even that you were discriminated against! Thence…put together a frivolous law suit and waste your out years yelling at clouds and share your sob story with an audience who isn’t listening.
For those of you new to negotiations, one side doesn’t write what they want, and then just have the other side sign off “good to go”! So when your representatives lay out their “goin’ in game plan” dream sheet and you interpret that as a “promise” of an eventual end-state, prepare to be disappointed. But then you can have righteous indignation that you were lied to, or abandoned, or strong-armed, or forgotten about, or ignored, or disenfranchised, thrown under the bus, or you were a victim of mob rule, or you were part of (or beaten by? I forget who’s who) the silent majority, or even that you were discriminated against! Thence…put together a frivolous law suit and waste your out years yelling at clouds and share your sob story with an audience who isn’t listening.
#59
Gets Weekends Off
Joined: Sep 2014
Posts: 5,152
Likes: 130
This made me laugh because that is exactly what happened. I will grant you that it was near the end game and the true catalyst was the arbi…. um media…. Scary lady. I’m over it and I’m fine with this PWA but history is history. I also think management had thier fingers crossed behind their backs. They sold their supposal as more than they planned to implement. They just needed time sans oversight to further shape the deal.
#60
From the FAQ on Fidelity’s site:
What is the investment portfolio for the MBCBP? How are the funds held?
The investment strategy for the MBCBP will target an allocation of 40% to global public equity markets in a manner similar to the MSCI All Country World Index, and 60% to U.S. intermediate bonds in a manner similar to the Bloomberg US Aggregate Bond Index. The MBCBP assets will be invested in a Collective Investment Trust (“CIT”), which is a pooled retirement investment vehicle only available to a qualified retirement plan that offers benefits not available via a traditional mutual fund.
What is the investment portfolio for the MBCBP? How are the funds held?
The investment strategy for the MBCBP will target an allocation of 40% to global public equity markets in a manner similar to the MSCI All Country World Index, and 60% to U.S. intermediate bonds in a manner similar to the Bloomberg US Aggregate Bond Index. The MBCBP assets will be invested in a Collective Investment Trust (“CIT”), which is a pooled retirement investment vehicle only available to a qualified retirement plan that offers benefits not available via a traditional mutual fund.
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