Help a "brother" out. A few explanations please.
Flex vacations?
An extra week vacation outside of our CBA that we paid for ourselves spread out over the course of the year per check.
We basically paid ourselves to have an extra week vacation that the company would inform us when we could use.
Prefund match?
We were prefunding for retiree medical when we retired from the company. Again spread out over the life of our careers starting at age 30 till we left. The company also contributed an equal amount that is currently locked in a trust awaiting a decision from the bankruptcy court before it can be released to us.
The trust is currently being used by active retirees and the company would like to dissolve the trust and no longer contribute to any retiree medical.
Equity shares?
We received shares in the new AA for our losses in bankruptcy. A portion of those shares are currently being held by our Union for any mistakes that may have been made in the distribution to members and also because there is currently an ongoing lawsuit by members who took an early out separation package from the company and believe they were entitled to shares that the Union says they are not because they are not living under the bankruptcy terms.
Please remember, I'm from the US side. Short sentences, small words. Like your speaking to a ten year old.
All three issues are exclusive to AA members before the merger.
