Happy Retirement
While we wish everyone a long and prosperous retirement, did we have to give up any negotiating capital in order to achieve the following?
Early retirement program
– Targets maximum participation possible while maintaining operational reliability
– Up to $120,000 in Retiree Medical Account
– Up to 39 weeks of severance pay
Sounds great. I hope a lot of people can take advantage of the program. The Company will meter it's application. Thye won't offer it to everyone who appears eligible. It will be fleet specific.
The one thing we all share is the passage of time. Eventually every person who takes advantage of this program will be 65. There is no reason to give anything up for this inevitable event.