LOA 24-05 Officially failed
12-10-2024 | 07:00 AM
#1
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From: 777 CA
LOA 24-05 Officially failed
Membership Votes Down LOA 24-05 Market Based Cash Plan Implementation
Letter of Agreement 24-05 Implementation of the Cash Balance Plan (CBP) failed on a 71% to 29% vote with 73% participating.
Letter of Agreement 24-05 Implementation of the Cash Balance Plan (CBP) failed on a 71% to 29% vote with 73% participating.
12-10-2024 | 07:06 AM
#2
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Joined: Oct 2017
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12-10-2024 | 07:15 AM
#3
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Joined: Apr 2020
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From: AOG
Good. The reps who pushed this LOA now have their own Tumi 2.0 moment to face the music from their membership.
12-10-2024 | 07:27 AM
#5
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Joined: Oct 2018
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Glad this failed. The absolute cope of a sell job they were doing trying to push this turd onto everyone was pretty laughable.
They straight up knew this was awful compared to Delta's MBCBP, and their only rationalization was "we will fix it eventually".
Is this the mindset we want them to approach our next UPA with?
They straight up knew this was awful compared to Delta's MBCBP, and their only rationalization was "we will fix it eventually".
Is this the mindset we want them to approach our next UPA with?
12-10-2024 | 07:31 AM
#7
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Joined: Jan 2017
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It wasn’t a totally unreasonable LOA. It would have started a tax sheltered program earlier than otherwise possible in exchange for starting it more conservatively than otherwise (likely) necessary.
I didn’t think the tradeoff was worth it, but it wasn’t a crazy option to propose and let the membership weigh in.
12-10-2024 | 07:33 AM
#9
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Joined: Oct 2018
Posts: 649
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I get why the membership voted this down, but I can’t figure out why people are mad about it and calling for recalls.
It wasn’t a totally unreasonable LOA. It would have started a tax sheltered program earlier than otherwise possible in exchange for starting it more conservatively than otherwise (likely) necessary.
I didn’t think the tradeoff was worth it, but it wasn’t a crazy option to propose and let the membership weigh in.
It wasn’t a totally unreasonable LOA. It would have started a tax sheltered program earlier than otherwise possible in exchange for starting it more conservatively than otherwise (likely) necessary.
I didn’t think the tradeoff was worth it, but it wasn’t a crazy option to propose and let the membership weigh in.
12-10-2024 | 07:47 AM
#10
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Joined: Apr 2016
Posts: 378
Likes: 31
I get why the membership voted this down, but I can’t figure out why people are mad about it and calling for recalls.
It wasn’t a totally unreasonable LOA. It would have started a tax sheltered program earlier than otherwise possible in exchange for starting it more conservatively than otherwise (likely) necessary.
I didn’t think the tradeoff was worth it, but it wasn’t a crazy option to propose and let the membership weigh in.
It wasn’t a totally unreasonable LOA. It would have started a tax sheltered program earlier than otherwise possible in exchange for starting it more conservatively than otherwise (likely) necessary.
I didn’t think the tradeoff was worth it, but it wasn’t a crazy option to propose and let the membership weigh in.
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