5% Holdback
 

I know the MEC is telling us we should start seeing the checks for the holdback soon - thanks MEC. But what I don't know is how much is left of our individual 5% after the lawsuits? Anybody know?

I was a 737 captain prior to the UPA and I'm getting a little under $1,000 (I think).

Is that the original 5% minus costs associated with the lawsuit?

http://alpa.org/UALVerification
http://alpa.org/CALVerification

Yes. The links in the previous post will have your exact #.

Didn’t they also holdback some from the LUAL retro as well?

Did ALPA win or lose the lawsuits? Anyone know?

I heard (yeah don't remember where) it was "settled". Not sure if that means won or lost.


My 5% number sure seems smaller than what it was before.

Figuring out what 5% of tranche 1 is then comparing it to the remaining amount, I lost about $350. That's a decrease of about ~1% from the total Overall Lump Sum Payment. It was a little less than one percent, but I can only count on my fingers and toes.

The total collective considered earnings are $2.46 billion, so the total cost of the lawsuit, however it was decided, would be about $2.3 million if that ~1% deduction is distributed as an percentage evenly across the board.

ALPA didn't lose. The Continental pilots did.

Care to explain?