AA Early Retirement Offer
05-26-2020 | 06:16 PM
#31
You scratched my anchor
Joined: Feb 2011
Posts: 5,126
Likes: 85
At NetJets there are pilots pushing 80, although I think they're all out on medical. Owners have complained and NJA has looked for a way to ease those guys out but can't get around age discrimination laws. That's why they tried to get it snuck into legislation a few years ago. Law was written so it'd only apply to NetJets. Never did get included in the final bill thou.
I went out on medical at 60 and I am fine with staying out, I have LOM coverage thru age 68.
I went out on medical at 60 and I am fine with staying out, I have LOM coverage thru age 68.
05-27-2020 | 05:54 AM
#33
Gets Weekends Off
Joined: Feb 2007
Posts: 1,458
Likes: 0
From: Right Seat
I also wonder this:
If a current 330/ 767 Pilot takes VPLOA, will he get the 50 hours at group III/ IV pay or at whatever group rate he would be displaced to? This might make a huge difference in who takes the early retirement.
If a current 330/ 767 Pilot takes VPLOA, will he get the 50 hours at group III/ IV pay or at whatever group rate he would be displaced to? This might make a huge difference in who takes the early retirement.
05-27-2020 | 06:24 AM
#34
Line Holder
Joined: Jun 2014
Posts: 592
Likes: 1
they get paid what they are currently on if awarded the VPLOA BEFORE the vacancy/displacement comes out....if they take the VPLOA after the vacancy they will transition to whatever they are awarded on the effective date of their award...someone correct me if i am wrong but thats how i understand it.
05-27-2020 | 06:38 AM
#35
Gets Weekends Off
Joined: May 2020
Posts: 484
Likes: 0
they get paid what they are currently on if awarded the VPLOA BEFORE the vacancy/displacement comes out....if they take the VPLOA after the vacancy they will transition to whatever they are awarded on the effective date of their award...someone correct me if i am wrong but thats how i understand it.
I think you are probably right but isn’t this a September award? So they will have a limited time to take the money and run? However the company did not offer as many early outs this month so it is possible that they see our staffing getting to be where it needs to be.
05-27-2020 | 12:36 PM
#39
Line Holder
Joined: Jun 2014
Posts: 592
Likes: 1
thry will "make money" as long as they get the VPLOA award before they post the vacancy results..ex. if awarded VPLOA June 5th, and then displaced from 330/CA to 320/CA on June 11th via sept vacancy, they will stay at 330/CA pay for the duration of their VPLOA time.
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