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"The MEC is
publishing this information for information purposes only. Publishing
this information on this Eline does not indicate that the MEC is
agreeing or disagreeing with the information contained herein."
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Tentative
Agreement
ADDITIONAL CLARIFICATIONS:
-- If not specifically addressed or changed in the 2004 Tentative Agreement, all provisions of the 2000 Agreement, as amended live on. The language in that Agreement (2000) that was not changed in this TA or in the July 2002 or January 2003 Restructuring Agreements, will be incorporated into the new 2004 Agreement.
-- The $300 Early Retirement Incentive would no longer be paid if the Company ceased to operate.
-- The VFLR with $10K payout does not forfeit your pension benefit when you become eligible for that benefit.
-- Travel Privileges Associated with the Proposed VFLR
If completed 5 years but less than10 years of service, the employee gets 10 passes per each eligible family member per year for 10 years. If 10 or more years of service, the employee gets unlimited travel for each eligible family member. Employees with less than 20 years travel at a boarding priority lower (S4) than active employee (S3). If the employee has 20 or more years, he/she can travel as if an active employee. Fair market value of passes are reported to the IRS as income.
-- Retiree Medical Announcement
Please note that, in most cases, these changes cannot be made without the approval of the bankruptcy court. Therefore, we cannot guarantee that the retiree medical benefits described above will be the ultimate result. Furthermore, additional changes to retiree medical benefits may be required as we move through the bankruptcy process, and the Company reserves the right to seek to change or terminate retiree medical benefits at any time. You should keep these factors in mind when making retirement decisions.
-- IMPORTANT INFORMATION ABOUT RETIREE MEDICAL BENEFITS FOR US AIRWAYS' FLIGHT ATTENDANTS
Many employees have been understandably anxious to know what the Company's plans are regarding retiree medical benefits, and about when any changes to those benefits will take effect. You should know that the decisions described in the linked article have not been easy to make, but reflect the critical need to immediately lower these substantial costs or risk an end to the Company and a cessation of all benefit programs for all current and former employees.
The Company intends, through negotiations within the bankruptcy process, to make the following changes: PLEASE SEE THE PDF FILE HERE (http://www.afausairways.org/Restructure/Ret_Med.pdf) (if you do not have the free adobe reader, go HERE - http://www.adobe.com/products/acrobat/readstep2.html)
Perry L. Hayes
MEC President
Assn. of Flight Attendants, CWA
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