USA320Pilot
Veteran
- May 18, 2003
- 8,175
- 1,539
Today the ALPA Negotiating Committee offered the Company a proposal that is close to and may meet management's $295 million ask. I have not seen ALPA E&FA's valuation, but I have seen the proposal and it appears the parties could be close to an agreement.
Key points include:
1. Amendable date December 31, 2009.
2. Freeze current pay rates effective 5/01/04 through 12/31/09, reduce rates as frozen by 17.5%, reduce international pay override for transoceanic trips by 17.5%, eliminate international override for non-transoceanic trips, and pay all flying at day rates.
3. All rates of required contributions to the Pilots’ Defined Contribution Plan that are above 10% shall be reduced to 10%. Make all contributions that were not made to Pilots’ Defined Contribution Plan, July 2004 and thereafter. Note - this is key because the DC Plan has been reduced by 90%, which was a very difficult decision for the RC4.
All pre petition and post petition notional money shall be paid in accordance with the Pilots’ Defined Contribution Plan in six equal installments after the pilot retires; a retiring pilot shall receive 1/6th of the amount on his retirement date and equal payments each six months thereafter until the entire amount is paid.
4. Simplify the scheduling system, permit up to 95 block hours per month, and provide work rule and sick policy relief.
5. Maximum vacation 21 days.
6. Concessions were provided to LTD, training, and retiree health care.
7. Minimum fleet count, minimum block hour, and CAR's relief.
8. ALPA maintained fragmentation and change of control provisions, which provides job security protections in the event of a corporate transaction.
9. Expanded voluntary leave of absence (LOA) and an early retirement incentive program in lieu of furloughs, which are no cost items. In addition, MDA J4J relief to include the loss of mainline recall if a pilot resigns from MDA (the pilot will be removed from the US Airways mainline system seniority list and will not be eligible for future recall). These proposals could prevent furloughs. It's my understanding the company currently has 120 pilots who desire a LOA.
10. No out of seniority furloughs and the proposal maintains furlough pay.
10. CRJ-900 and EMB190/195 aircraft, which the company desires to be deployed at PSA and MDA, respectively, was not addressed.
11. ALPA agreed to company's pre-bankruptcy profit sharing proposal.
Regards,
USA320Pilot
Key points include:
1. Amendable date December 31, 2009.
2. Freeze current pay rates effective 5/01/04 through 12/31/09, reduce rates as frozen by 17.5%, reduce international pay override for transoceanic trips by 17.5%, eliminate international override for non-transoceanic trips, and pay all flying at day rates.
3. All rates of required contributions to the Pilots’ Defined Contribution Plan that are above 10% shall be reduced to 10%. Make all contributions that were not made to Pilots’ Defined Contribution Plan, July 2004 and thereafter. Note - this is key because the DC Plan has been reduced by 90%, which was a very difficult decision for the RC4.
All pre petition and post petition notional money shall be paid in accordance with the Pilots’ Defined Contribution Plan in six equal installments after the pilot retires; a retiring pilot shall receive 1/6th of the amount on his retirement date and equal payments each six months thereafter until the entire amount is paid.
4. Simplify the scheduling system, permit up to 95 block hours per month, and provide work rule and sick policy relief.
5. Maximum vacation 21 days.
6. Concessions were provided to LTD, training, and retiree health care.
7. Minimum fleet count, minimum block hour, and CAR's relief.
8. ALPA maintained fragmentation and change of control provisions, which provides job security protections in the event of a corporate transaction.
9. Expanded voluntary leave of absence (LOA) and an early retirement incentive program in lieu of furloughs, which are no cost items. In addition, MDA J4J relief to include the loss of mainline recall if a pilot resigns from MDA (the pilot will be removed from the US Airways mainline system seniority list and will not be eligible for future recall). These proposals could prevent furloughs. It's my understanding the company currently has 120 pilots who desire a LOA.
10. No out of seniority furloughs and the proposal maintains furlough pay.
10. CRJ-900 and EMB190/195 aircraft, which the company desires to be deployed at PSA and MDA, respectively, was not addressed.
11. ALPA agreed to company's pre-bankruptcy profit sharing proposal.
Regards,
USA320Pilot