Originally Posted by Bgood

For the fellow NK peeps. We got a new LOA lastnight. Details are:

1. VILs— Voluntary Incentive lines. (You're off for the month and it pays X hrs of credit for that month, more details on this to come. The last time we had VILs, it paid 50hrs for the month, covid times)

2. Retirement—Effective January 1, 2025, 401K direct contribution increase to 17% from 16%

3. MRA—Calculation on August 1, 2024, will include Southwest only if Southwest ratifies a new collective bargaining agreement by this date. This ensures the MRA on August 1, 2024, has the intended effect of keeping JetBlue pilots at market rate.

4. Profit Sharing formula change—Elimination of the automatic 5 percent reduction of the eligible compensation (i.e., “cliff”), effective on date of signing.