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Weekly Update for July 04, 2015

Here's your weekly update. 1. AA C.E.O. gets more dough: It's a good thing CEO Doug Parker isn't taking an annual salary. That would make explaining his multiple stock sales more difficult with his annual salary. While C.E.O. Parker made a big deal about forgoing his annual salary in lieu of stock sales, he failed to mention that a real C.E.O.

AA's Doug Parker nets more millions in stock sales

American Airlines chairman and CEO Doug Parker has netted another $3.8 million, or $2.2 million after withholdings for taxes, from sales of American Airlines Group shares. American disclosed Wednesday that Parker exercised stock appreciation rights to acquire 113,090 shares at $6.70 a share, for a total cost of $757,716. He then sold the 113,090 shares for $4,589,323.

USAPA takes itself out of American Airlines pilot seniority talks

We wondered what the US Airline Pilots Association would do in face of a federal court decision ordering it to advocate only for a position it didn’t support. Monday, we found out.

401(k) Transition Update - Phase 1 Complete

I am happy to announce that transition of the legacy American $uper $aver Plan to Fidelity is complete.  We are now live on Fidelity Netbenefits and participants can access their accounts.  We have posted an article on Jetnet ( letting participants know what to do now.  There will be an announcement is today’s Jetwire.
Download: The 401(k) Transition to Fidelity is Complete. ... _ Jetnet.pdf

Ex-America West pilots win U.S. court ruling on seniority rights

A federal appeals court on Friday ordered a union negotiating seniority rights of former US Airways and America West pilots to stop favoring the US Airways pilots, in a divisive decade-old dispute overhanging the 2013 merger that created American Airlines Group Inc. By a 2-1 vote, the 9th U.S.

For years, all the talk in Washington, D.C., and in the media has been about how to best cut Social Security. Talk about out of touch. A huge majority (nearly 80%) of Americans support the idea of expanding, not cutting, Social Security benefits.

Working families know that Social Security is a lifeline for many Americans. Millions of seniors, veterans and people with disabilities rely on Social Security benefits for the majority of their income. And we have a chance in the coming week to put Social Security expansion on the agenda of our lawmakers. 

The White House will be holding a Conference on Aging on July 13, and we’re joining with a diverse group of partners to deliver a petition to the conference calling for expanding Social Security.

Sign the petition now to tell the White House Conference on Aging that we must protect and expand Social Security benefits for millions of Americans.

Currently, the conference isn’t even considering expansion as one of the solutions it will discuss. We can make sure it gets added if we apply enough pressure.

Sure, some pundits and politicians will tell you that Social Security needs to be cut, but that’s neither the moral thing to do nor the smart thing to do. Cuts would be devastating. Americans aren’t getting rich off of Social Security. The average annual benefit for those who rely on the program for the majority of their income is just $16,000. That amount of money barely covers the cost of housing, food and other basic needs. 

And it’s only going to get harder for future retirees because employers keep trying to cut real pensions and other retirement benefits. That’s why it’s more critical than ever that Social Security not only continues to provide the modest benefits that it currently does, but that it be expanded to provide a lifeline for more seniors, veterans and people with disabilities.

More lawmakers in Congress are starting to get on board with the urgent need to expand Social Security benefits. A majority of congressional Democrats are now on the record supporting expansion. We’re starting to steer the conversation in a more productive direction. Let’s keep building on this momentum and make sure the White House Conference on Aging includes expansion in its recommendations.

Sign the petition now to urge the White House Conference on Aging to include Social Security expansion as a key piece of its policy agenda.


Damon Silvers
Director of Policy, AFL-CIO

Dear Brothers and Sisters:
Guidelines and application forms for the 2015 Local 512 Members’ Scholarship Fund are available at the Union Hall and on our website at in the DOWNLOADS Section on your left under FORMS.

Please fill out the application forms and submit them back to the hall no later than 2:00 p.m. on July 24, 2015.

Drawings will be held on July 30th at the 3:00 p.m. Membership Meeting at our location.  Members need not be present to win.  Observers are welcome.

If you should have any questions, please feel free to contact the office.

Sincerely and fraternally,
Local 512 Executive Board

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A.A. bus schedule's are now available in the DOWNLOADS section. 

   Timed Stock Quote HERE

Chicago workers' compensation lawyers

Peter D. Corti Law Group, PC  Call (312) 782-8372

Action Center
More than 80% of Americans want to see the minimum wage increased. Obstruction is not an option -- demand Congress vote on the Fair Minimum Wage Act and raise the minimum wage to $10 an hour NOW.
TWU Local 512
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