401K Grievances at NetJets

[doylehargraves]

If you don't get it, then you aren't a NJ crewmember. Its not about the manager, it was the blatent disregard of due process. Move along.

Just curious, if the "disregard" put more money in your pockets, would you care then?

 

[CA1900]

If it put more money in our pockets, they wouldn't be attempting to do it this way.

 

[BentOver]

If it put more money in our pockets, they wouldn't be attempting to do it this way.

100% correct!!!

If it really was a better deal they would be swamping us with info supporting it. As it stands they are enduring pickets, a CAG, and mass grievances.... All because they know it is a worse plan, pilots will lose $$...

They're only defense is "thousands of options is a great deal.." Where the reality is it is still less options than we had. It is a downgrade in 401(k) providers. Without mutual consent.

In roughly 2 years of contributing to the Fidelity account I have(had) in the neighborhood of $50K through my NJA account alone.. Just this week I can only imagine how much I DIDN'T earn with the blackout period in effect.

 

[CA1900]

Yup. You're exactly right.

I haven't dug in to check, but it wouldn't surprise me if we get nailed with short-term trading fees just to get out of the funds we were involuntarily "mapped" into.

 

[BentOver]

Yup. You're exactly right.

I haven't dug in to check, but it wouldn't surprise me if we get nailed with short-term trading fees just to get out of the funds we were involuntarily "mapped" into.

Yeah I haven't had the courage to see how much I could have made over the past 2 weeks.... I know during a normal Bull run I make a couple hundred dollars a day. With this latest Bull run I've had to have missed out on between $1-2K.

 

[HiSpeedFlyer]

Just curious, if the "disregard" put more money in your pockets, would you care then?

You're damned right I would. They disregard this, then what else do they give us the finger to? Scope? Furloughing out of seniority? Canceling my familes medical insurance?
The potential for lost money is one thing. The erosion of a contractual agreement is the big fight here.

 

[jonjuan]

The erosion of a contractual agreement is the big fight here.

LOL-peanuts to what's coming down the pike (flylow sees it).

 

[BentOver]

LOL-peanuts to what's coming down the pike (flylow sees it).

I think everyone (well except for a certain few!) see it in one shape or another.........

 

[fischman]

I hate thinking about the money I lost. That however, is NOTHING compared to the weakening of the CBA. Heck, for all I know Schwab might be a good thing for us financially. I care about our CONTRACT WHICH WAS BLATANTLY AND WILLFULLY VIOLATED.

 

[rajflyboy]

Guys and Gals

get up and get to a computer near you and file this grievance. It only takes minutes.

We need to show solidarity! Thats what its all about!

There is much at stake now and in the coming years. Don't be caught with your pants down.