It’s another day and another IAM email, which means another
Machinist falsehood to set straight. They really are getting pathetic and
desperate.
Here are the facts that the Machinists’ Union left out of
their latest malarkey on pensions:
2) The Continental flight attendants REJECTED joining the IAMNPP. Twice!!!!
3) The United flight attendants referenced in the IAM flyer DO NOT belong to the IAMNPP.
4) $4,000 a month in pension benefits?!? Ha! They may as well be “promising” $40,000 a month. How many years of service would have to accrue to get a benefit of $4,000 per month? 50 years? 60 years? More?
5) What would we have to give up at the negotiations table in order to get Delta to pay for the inferior IAMNPP? Would we have to give up the 401(k) company contribution and match? Profit sharing? A-Days? PPT? What exactly is the IAM willing to trade away on our behalf?
6) The IAM negotiated a pathetically INFERIOR 401(k) match in the Continental contract. Here is what those poor flight attendants receive:
a)
Less than 6 years of service: the company will
match 25% of an employee’s contribution (for every $1 an employee puts into the
401(k) the company will contribute 25 cents), up to a maximum of 3% of eligible
earnings. There is NO straight company contribution. Delta matches 100% of an
employee’s contributions to a maximum of 5% of eligible earnings. PLUS Delta adds another 2% straight
contribution for a total of 7% of eligible earnings.
Compare Delta to IAM
Continental contract on $35,000 in annual earnings
IAM Continental Contract:
Flight attendant contributes 3% of eligible earnings: $1,050.00
Company matches 25% of the employee’s contribution: $262.50
Maximum company contribution to 401(k) with
IAM: $262.50
Delta:
Delta:
Flight attendant contributes 3% of eligible earnings: 1,050.00
Delta matches the 3% contribution ($1,050) and adds another
2% ($700) for a total: $1,750.00
Delta will also match up to another 2% employee
contribution: $700.00
Maximum Delta contribution to 401(k): $2,450.00
Delta beats IAM by $2,187.50 each year for the first five years
Delta beats IAM by $2,187.50 each year for the first five years
b)
Six to 10 years of service: Continental (now
United) will match 25% of an employee’s contribution, up to a maximum of 4% of
eligible earnings. There is NO straight company contribution. For example, a
Flight Attendant earning $35,000 annually who contributes 4% ($1,400) will
receive 25% of her/his $1,400 contribution ($350) as a Company matching
contribution. Delta matches 100% of an employee’s contributions to a maximum of
5% of eligible earnings. PLUS Delta adds
another 2% straight contribution for a total of 7% of eligible earnings.
Compare Delta to IAM
Continental contract on $35,000 in annual earnings
IAM Continental Contract
Flight attendant contributes 4% of eligible earnings: $1,400.00
Company matches 25% of the employee’s contribution: $350.00
Maximum company contribution to 401(k) with
IAM: $350.00
Delta:
Flight attendant contributes 3% of eligible earnings: $1
400.00
Delta matches the 4% contribution ($1,400) and adds another
2% ($700) for a total: $2,100.00
Delta will also match up to another 1% employee contribution
($350): $350.00
Maximum Delta contribution to 401(k):
$2,450.00
Delta beats IAM by $2,100.00 each year for years 6 – 10
Delta beats IAM by $2,100.00 each year for years 6 – 10
c) Eleven to 15 years of service:
IAM negotiated that the company will match 50% of an employee’s contribution,
up to a maximum of 4% of eligible earnings. There is NO straight company
contribution. For example, a Flight Attendant earning $40,000 annually who
contributes 4% ($1,600) will receive 50% of her/his $1,600 contribution ($800)
as a Company matching contribution. Delta matches 100% of an employee’s contributions
to a maximum of 5% of eligible earnings.
PLUS Delta adds another 2% straight contribution for a total of 7% of
eligible earnings.
Compare Delta to IAM
Continental contract on $35,000 in annual earnings
IAM Continental Contract:
Flight attendant contributes 4% of eligible earnings:
$1,600.00
Company matches 50% of the employee’s contribution: $800.00
Maximum company contribution to 401(k) with
IAM $800.00
Delta:
Flight attendant contributes 4% of eligible earnings: $1,600.00
Delta matches the 3% contribution ($1,600) and adds another
2% ($800) for a total: $2,400.00
Delta will also match up to another 2% employee
contribution: $400.00
Maximum Delta contribution to 401(k) $2,800.00
Delta beats IAM by $2,000.00 each year for
years 11 – 15
d) Sixteen or more years of
service: the company will match 50% of an employee’s contribution, up to a
maximum of 6% of eligible earnings. There is NO straight company contribution.
For example, a Flight Attendant earning $45,000 annually who contributes 6%
($2,700) will receive 50% of her/his $2,700 contribution ($1,350) as a Company
matching contribution. Delta matches 100% of an employee’s contributions to a
maximum of 5% of eligible earnings. PLUS
Delta adds another 2% straight contribution for a total of 7% of eligible
earnings.
Compare Delta to IAM
Continental contract on $35,000 in annual earnings
IAM Continental Contract:
Flight attendant contributes 6% of eligible earnings:
$2,700.00
Company matches 50% of the employee’s contribution: $1,350.00
Maximum company contribution to 401(k) with
IAM $1,350.00
Delta:
Flight attendant contributes 6% of eligible earnings: $2,700.00
Delta matches the 5% contribution ($2,250) and adds another
2% ($900) for a total: $3,150.00
Maximum Delta contribution to 401(k) $3,150.00
Delta beats IAM by $1,800.00 each year for
years 16 and up
Over a 40 year career and assuming no pay raises over that
time, Delta will pay $76,437.50 MORE into your
401(k) than what IAM negotiated for the Continental flight attendants. With pay
raises, the Delta Difference will be well in the six figures.
How dumb does the IAM think we Delta flight attendants are?
Why can’t the Machinists Union ever put out a factual, comprehensive
comparison? And how sad is it really that some of our own coworkers are working
so hard to bring the deceptive IAM and their inferior contract negotiations
tactics over to Delta? Why are some of our colleagues so bent on getting the
IAM union in at Delta that they happily accept the lies and deceit and even
help attack those Delta flight attendants who present the full facts and the
truth?
Hopefully, logic and math and critical thinking will prevail
over this headless and emotional IAM campaign.
Sincerely,
Jose Arturo Ibarra
Jose Arturo Ibarra
