Just received an email from the IPA. No info yet, but a deal has been struck:

 

rumour only,

Retirees get the Flat Rate retirement package
Captains get a 17% raise ( approx 223 per hour)
F/Os get the slope corrected equaling an approx 26% raise
Medical premiums that we pay, go up
Medical Cap doubles
No mention of Medical after retirement like the Mgr's get.
Full Retro- unknown.
Scope improved
Scheduling mirrors what we already have heard.

 

This is the first TA to be reached, my prediction is that it will be voted down.

 

Those pay rates suk. You guys should hang your head in shame is you vote that POS in.

 

Figures, we get more info from the company site than our own union. See below.

“This tentative agreement has been unanimously approved and endorsed by both the IPA Executive Board and its pilot negotiating committee and is one we will present to our membership for ratification without hesitation,” said IPA President Tom Nicholson. “It includes immediate improvements to pay as well as percentage increases in future years while also improving pension benefits and work rules.”

“We have negotiated a fair, balanced contract that’s good for our pilots and good for the company,” said John Beystehner, UPS’s chief operating officer and president of UPS Airlines. “We are pleased the IPA leadership team fully endorses the agreement.”

Both Nicholson and Beystehner said they “commend the National Mediation Board (NMB) for its guidance during negotiations and especially the expertise provided by Linda Puchala, our primary mediator. The NMB has been instrumental in getting us to this point and provided the resources we needed, including the services of John Livingood, who also participated as a mediator.”

 

I think that they said 100 a month for retiree medical?
retro is not full but the 60/40/34 plan payable in two installments

 

There is nothing on the company web site. You should have the full agreement in your hands momentarilly via the IPA web site. Not bad for a holiday weekend. They are typing the last minute things in as we speak

 

[QUOTE=Freighter Captain[/QUOTE]

PS- Time for a new hat. Retro "bonus" sucks

 

I am new to UPS and coming from a legacy carrier, I have no idea about retro? What is 60/40/34?

Thanks if advance.

 

UPS, Pilots Reach Tentative Labor Deal
Associated Press
All Associated Press News

LOUISVLLE, Ky. (AP) - United Parcel Service Inc. and its pilots' union said Friday they have reached a tentative agreement on a new labor contract.

"We have negotiated a fair and balanced contract that's good for our pilots and good for the company," said John Beystehner, UPS's chief operating officer and president of UPS Airlines.

The company and union said they will not disclose details of the agreement until UPS' 2,700 pilots vote on it. The Independent Pilots Association union said it has endorsed the agreement and expects a rank-and-file vote to be completed by mid-September.

The company and union said only that the contract offers wage and pension improvements, as well as work-rule changes. It would run until the end of 2011.

"This tentative agreement has been unanimously approved and endorsed by both the IPA Executive Board and its pilot negotiating committee and is one we will present to our membership for ratification without hesitation," said IPA President Tom Nicholson. "It includes immediate improvements to pay as well as percentage increases in future years while also improving pension benefits and work rules."

Both the union and company thanked the National Mediation Board for its help during negotiations. Atlanta-based UPS and its pilots had been in federal mediation since June 2004.

UPS shares closed down 44 cents at $82.33 on the New York Stock Exchange.

© 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.