Extended Tine Off/Early Retirement Ofer
06-01-2020, 05:18 AM
#1
weekends off? Nope...
Thread Starter
Joined APC: Apr 2014
Posts: 1,940
Extended Tine Off/Early Retirement Ofer
Extended time off:
55 tfp/mo for up to 5 years
Early retirement/separation:
67 tfp/mo for any eligible pilot 55 and over for up to 5 years.
company paid medical until age 65 for those over 55. (Edit, for up to 5 years max)
our monthly guarantee is 87-89/month.
$192k/year to retire early....wish I was a few years older!
55 tfp/mo for up to 5 years
Early retirement/separation:
67 tfp/mo for any eligible pilot 55 and over for up to 5 years.
company paid medical until age 65 for those over 55. (Edit, for up to 5 years max)
our monthly guarantee is 87-89/month.
$192k/year to retire early....wish I was a few years older!
Last edited by Smooth at FL450; 06-01-2020 at 05:56 AM.
06-01-2020, 05:35 AM
#3
Line Holder
Joined APC: Nov 2006
Position: CRJ200
Posts: 81
Seems like a darn good deal! I feel we will have plenty take this offer; both EXTO and Early outs.
But I do believe if your over 55, full healthcare is only provided for 5 years, or age 65, whichever comes first.
The only pitfall I see is no NEC contribution for the early out (VSP) program.
But I do believe if your over 55, full healthcare is only provided for 5 years, or age 65, whichever comes first.
The only pitfall I see is no NEC contribution for the early out (VSP) program.
06-01-2020, 06:00 AM
#4
Gets Weekends Off
Joined APC: Jul 2013
Position: 175 CA
Posts: 1,544
Yea I didn’t even think I’d take a ETO but 55 tfp a month is not bad ha
and we have 1060 over 60...
my question is if we are to have a full schedule why be so generous?
and we have 1060 over 60...
my question is if we are to have a full schedule why be so generous?
Last edited by Squallrider; 06-01-2020 at 06:12 AM.
06-01-2020, 06:28 AM
#7
Gets Weekends Off
Joined APC: Jun 2010
Position: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
Posts: 6,607
Okay, okay, but the really question is how many slots? That’s what we really need to know. Can I expect 100 pilots above me to be awarded early out or 1000.
For once in my life I wish I was older. I’d take that **** and run!
For once in my life I wish I was older. I’d take that **** and run!
06-01-2020, 06:53 AM
#9
Gets Weekends Off
Joined APC: Apr 2013
Posts: 3,434
First - this is surprisingly good. Plenty of older guys and folks with other opportunities will take a mix of these leaves. The company will hit their target, whatever that is.
But, I agree with whack. Missing is the number that they are targeting. I think that's probably because it is a moving target right now.
2,000 w/ 1,500 being ExTO? That would be amazing. The more we get gone for good off the top of the list, the better, but I bet they are looking for more ExTOs since they can be recalled.
But, I agree with whack. Missing is the number that they are targeting. I think that's probably because it is a moving target right now.
2,000 w/ 1,500 being ExTO? That would be amazing. The more we get gone for good off the top of the list, the better, but I bet they are looking for more ExTOs since they can be recalled.
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