AFA - US
Airways E-Line June 22, 2002
http://www.afausairways.org/eline.htm |
Don't pass rumors.
Get the facts. Stay informed.
If you have questions or
suggestions for the Negotiating Committee, use the FORM
found on the main page of the website: http://www.afausairways.org
or call 800-531-3242. |
Contents:
Clarification - PBGC chart
on retirement benefits
Have
you updated your profile yet?
Clarification
- PBGC chart on retirement benefits
The AFA E-line dated June
3, 2002, and the letter that was mailed to every flight attendant’s home,
contained a Bankruptcy Q&A. Several of the questions addressed the
flight attendant pension benefit. A chart was attached to the questions
and answers from the Pension Benefit Guarantee Corporation (PBGC),
the Federal Government agency that administers and guarantees certain pension
benefits.
The chart outlined three
columns: age, maximum monthly guarantee, and maximum annual guarantee.
The PBGC chart reflected retirement benefits for all individuals regardless
of employer, and thus shows the pension protection for someone retiring
at age 50. US Airways flight attendants cannot retire and receive
early retirement at age 50.
Some flight attendants were
confused by age 50 being included in the chart. But the age at which
US Airways flight attendants can receive early retirement has not changed.
The flight attendant working agreement, Section
22.G. clearly defines a flight attendant's early retirement age
of 55. Please reference the sections of the chart for ages 55 through
70.
Have
you updated your profile yet?
The *E-Line*
now uses a new and improved list server at union voice.org. This change
will enable is to bring you improved services in the near future. But we
must have your union voice.org profile updated for this to happen. You
can join, update your profile - including changing your e-mail address
- by visiting http://www.unionvoice.org/e_line_afa_usairways/join.html |
