PolicyWonk

Page 533 F.2

"Such pilot’s Bonus shall be based on the sum of his eligible earnings, as defined in Section 28.F.3., in the 24 calendar months immediately preceding his last day of employment as a pilot, including the month containing the pilot’s last day of employment."

This language, as precise as it is, remains ambiguous. What was needed was an example to clarify it.

For those who will fly till the month they turn 65, is it based on 24 months plus a remainder, or is it 24 months minus a portion of the month?

Horrible

Anyone consider the capital expended on these senior pilots 12 mos retirement notification bonuses? Was this negotiated? If so, to what extent/expense? Looks good for those about to leave......

iarapilot

I would guess the Company threw those in free of charge. At least we should hope so.

Horrible

"Free of charge"? I'm thinking no.

urinmyseat

I asked this same question in another post. I guess we won't ever know how much it cost us in negotiating capital, to fix management's mishandling of pilot staffing.

Think Folks... Did we just pay to fix the company's mistake?

PolicyWonk

It will be very interesting to see the bifurcation as a result of this program.

Some will strive to maximize the SLB benefit. A certainty.

But there will be others who decide that rather than fly for 50 cents on the dollar, now that it's a form of remuneration, they'll use it at 100c on the dollar. And they will feel more justified in so doing. Then they'll turn around and fly draft in the remainder of the time at 150 cents on the dollar. Not right - I know.

More pilots will leave with a full sick bank or an empty sick bank. Not as many in the middle as we have now.

I expect the cost of STD will be an indicator of how many go one way, and how many the other.

You burn sick bank and disability bank first. Then you dig into STD. If the pilots in the second category outnumber the first group, STD will go up as they go into that status nearly a year earlier than if they'd had a full sick bank. Eventually the corporation might see a sustained bump in LTD depending on the ratio.

I'm surprised how many pilots we have in STD and LTD. If more pilots go the first way than the second, the cost to the company will be partially offset by the reduced cost of disability payments. The converse is also true.

This is subject to the vagaries of my memory. I haven't cracked the TA to research this. I'm sure any deficits in my memory and guesses about human behavior will be remedied by others.

I don't critique the SLB program. But it won't be the boon some anticipate, because of the behavior of the second group.

I do expect more crew members will insist the guy with the sniffles call in sick. That could diminish reliability.

On balance I wonder if the law of unintended consequences will negate the intentions.

HIFLYR

The cliff notes version on the TA I think had 91.14 a Million cost assigned to that section.

PolicyWonk

Can the Cliff notes be downloaded?

It would be interesting what behavior assumptions were made to plug into the computer.

And if increased or decreased disability usage figured into the calculation as a secondary consideration.

Check 6

I really think this one was free of charge. The CO offers it....we jump on it. A great way to reward someone heading out to greener pastures....then we say.."Wait...what was that?

Raptor

Go to www.purpleta.com and there is a link to the August 17th version of the internal MEC highlights. I think some of the costing to various sections is presented there.