5%?

Subscribe
1  2 
Page 1 of 2
Go to
Anyone have any rumors on the 5%?

The last thing I saw from the union was we should see it by the end of November.

Have not heard a word since.

Any updates?
Reply
Rumor has it that it will be deposited in your stocking the morning of Dec. 25
Reply
Nov 30 is what they're shooting for.
Reply
Quote: Nov 30 is what they're shooting for.
What year?
Reply
it's been so long ago, I almost forgot about it......which was probably the unions intentions
Reply
Quote:
Anyone have any rumors on the 5%?

The first 2 installments were based on estimates of the total bonus, so accuracy was not critical. The 3rd installment will be the final one, so it must be accurate, but they haven't developed the software to compute it for everyone. Hey, they've only had 2 years.

Instead of using automation to compute a final 5% for 100% of eligible pilots, they've decided to manually compute a 50% payment for 10% of eligible pilots. While most pilots will be negatively affected in a small (only 5%) way, 10% of eligible pilots will receive a big benefit. Therefore, the Negotiating Committee recommended the plan and the MEC voted to endorse it.

If you're part of the fortunate 10%, you should be notified before Christmas. If you are not notified and you believe you should be part of the 10%, you should contact Contract Enforcement before New Year's Eve. An appeals process will be established to address any challenges to the selection of pilots receiving the Enhanced Bonus Benefit, or EBB. (What's a good Settlement Agreement without a new acronym?) After the EBB challenge process is complete, all non-eligible pilots will be notified of their Final Loss Of Wages, or FLOW, which they can use as proof to spouse that there will be no more bonus money. The entire process of EBB and FLOW should be complete by Christmas of 2019, or the opening of Section 6 negotiations, whichever occurs during a full moon.






.
Reply
That’s what I was thinking. .

Thx, for the verification.
Reply
No Nov Bone Us
A quick peek on the ADT web page and it shows no bonus was added to the Nov 30 pay stub.

Looks like the Nov 30 of what year was an accurate question.
Reply
Quote: The first 2 installments were based on estimates of the total bonus, so accuracy was not critical. The 3rd installment will be the final one, so it must be accurate, but they haven't developed the software to compute it for everyone. Hey, they've only had 2 years.

Instead of using automation to compute a final 5% for 100% of eligible pilots, they've decided to manually compute a 50% payment for 10% of eligible pilots. While most pilots will be negatively affected in a small (only 5%) way, 10% of eligible pilots will receive a big benefit. Therefore, the Negotiating Committee recommended the plan and the MEC voted to endorse it.

If you're part of the fortunate 10%, you should be notified before Christmas. If you are not notified and you believe you should be part of the 10%, you should contact Contract Enforcement before New Year's Eve. An appeals process will be established to address any challenges to the selection of pilots receiving the Enhanced Bonus Benefit, or EBB. (What's a good Settlement Agreement without a new acronym?) After the EBB challenge process is complete, all non-eligible pilots will be notified of their Final Loss Of Wages, or FLOW, which they can use as proof to spouse that there will be no more bonus money. The entire process of EBB and FLOW should be complete by Christmas of 2019, or the opening of Section 6 negotiations, whichever occurs during a full moon.






.
You're on a roll Tony!!

MG2
Reply
Quote: You're on a troll Tony!!

MG2
Fixed it for ya.
Reply
1  2 
Page 1 of 2
Go to