5% Holdback
02-10-2018 | 06:14 AM
#1
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Joined: Jun 2010
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From: 747 Captain, retired
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?
02-10-2018 | 06:27 AM
#2
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I was a 737 captain prior to the UPA and I'm getting a little under $1,000 (I think).
02-10-2018 | 07:46 AM
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From: 747 Captain, retired
02-12-2018 | 03:41 AM
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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.
