IAM CONTRACT (TEAMSTERS CONTRACT ARTICLE NUMBER - IF APPLICABLE) :
premiums (ART. 19.8 WILL BE MOVED TO ART. 20
Premium pay will be amended as follows:
Lead/Senior $1.00 per hour
License Pay $ 1.00 per required License, up to two licenses. Applicable licenses are Airframe and Powerplant.
Scheduled License pay increases under the existing agreement are eliminated and replaced as follows: $.25 increase on January 1, 2008 and $.25 on January 1, 2009 for applicable licenses.
Shift Differential will be eliminated
PENSION (ART 25)
Terminate current Defined Benefit Plan
401K match is maintained (50% match up to 2 % total)
Effective January 1, 2005, implement a 3% non-elective employer contribution to the 401K Plan
FILLING OF VACANCIES (ART 18)
12 Month stability period in effect after any bid
Paid moves are eliminated January 1, 2006
Lead mechanic positions and Inspector positions filled through a targeted selection process.
MINIMUM AIRCRAFT (?)
The Scope and Job Security provision of the January 2003 Restructuring Agreement requiring the company to maintain a minimum fleet size of 279 total mainline aircraft will be eliminated
OVERTIME (ART 13)
Eliminate "Easy Hour"
Rate capped at time and one half the base rate of pay only (Lead/Senior and license Pay are not compounded)
Paid By-passes are eliminated, employees bypassed for any reason will be given the opportunity to work a like amount of time at the same rate
MORE TO COME LATER