Page 945 - Pensions News Today

>> yes. and there is no end in sight. several cities including chicago, boston, philadelphia, are literally going to run out of money to pay pensions in a few years. bill: with that as a backdrop you found that government workers are paid about three bucks every hour toward their retirement. and private employers pay about 92 cents. now, if youre going to balance your books something has got to give here. >> right. look, our public servants are in danger of becoming our public masters. theyre do...

Mediation board you have to have 35% to file for an election or for an election to be called. if there is a merger on or about 35% or more, there would be an election for union representation. if there was one group was union and one non-union. in this case, one is 55%, one is 45%, 55% no union, say maybe delta airlines, 45% union, say like american airlines, collective bargaining contracts, wiped out. >> so this of course is going to let the big get bigger and come in, keep organized labor out,...

Do what communities want to do is fine. id certainly prefer the pentagon to take a hard line against some of the issues that will affect the veterans down the road like no privatization and these sensitive issues, and i certainly hope the public engagement of people who show up to these parades take a hard look at how they will be treated the next 15 to 20 years. >> hosting a state dinner for vets. when you weigh that acknowledgement against the statistics of how many served in both wars, the nu...

Six weeks ago. i just wanted a check. a check written to the irs in 2010, a copy of it, and they hustled me for $3. are you serious? i just got back from iraq and my dad passed away and he has all my tax information and the manager of my pnc bank, its not our fault you got sent to iraq. i walked out. i ripped up the paper and i walked out. people just dont know how to talk to you. and so i think say things to you like thank you. what will happen to military pensions? what happens to the fact wit...

Mediation board you have to have 35% to file for an election or election to be called. if there is a merger on or about 35% or more, there would be an election for union representation. if there was one group was union and one non-union. in this case, one is 55%, one is 45%, 55% no union, say maybe delta airlines, 45% union, say like american airlines, collective bargaining contracts, wiped out. >> so this of course is going to let the big get bigger and come in, keep organized labor out, so the...

And right now, with the national mediation board you have to have 35% to file for an election or election to be called. if there is a merger on or about 35% or more, there would be an election for union representation. if there was one group was union and one non-union. in this case, one is 55%, one is 45%, 55% no union, say maybe delta airlines, 45% union, say like american airlines, collective bargaining contracts, wiped out. >> so this of course is going to let the big get bigger and come in,...

President obamas director to the pbgc. because hes doing everything he can to save the pensions that are being threatened by the american airlines bankruptcy proceedings. american airlines announced today it hopes to cut 13,000 jobs, thats 16% of its workforce, and to terminate its workers pension plan, just end it, throw it out, and replace it eventually when they get around to it, with a much lower cost plan, with much lower benefits. now, pilots retiring in the next couple years would probabl...

Pension fund, american airlines contributed only $6.5 million to the pension plans. less than what the adelsons con contribute united to newt gingrichs campaign. 91 million less than the company owed those pension plans. 91 million. now, the president of the united states did not notice that american airlines short changed its worker pension plans by $91 million last month. he was too busy ordering the rescue of another american hostage and killing some somali pirates in the process. but the pre...

Unseen heroes, with the awesome responsibility maing those glorious machines fly. and fly safely. hes fighting to preserve the pensions of those flight attendants, every one of whom knows how to save your life with the defibrillator on board, every airplane, if you or someone you love has a heart attack in the air, it is that flight attendant who annoyed you by ordering you to turn off your phone, who will be rushing to your seat to try to save your life. the bain guy, and his first class seat i...

Bains job is to advise american airlines how to cut labor costs, something any company ought to be able to figure out on its own, it has to do that. all the bain blood suckers have done so far is increase the companys costs. but the presidents man at the pbgc is watching every move they make with only one objective in his mind every day, to preserve the pensions of those pilots, who every day bear an awesome responsibility than any other workers in our society. they have in their hands every hou...