Furlough Fund Update
10-05-2020 | 05:33 PM
#1
Thread Starter
Gets Weekends Off
Joined: Oct 2010
Posts: 2,639
Likes: 0
Furlough Fund Update
FYI from today's MEC Update
Treasurer's Report - Captain Rick Cameron
Treasurer Captain Rick Cameron reviewed the current financial status of the various MEC accounts under his responsibility and the proposed 2021 budget.
Now that all announced pilot furloughs are canceled, Capt. Cameron is recommending suspension of the Furlough Fund assessment. The earliest this can take effect will be the November 1 pay check. There will be a further review next spring to determine the likelihood of furloughs. If furloughs are unlikely, the fund would be terminated at that time with refunds to all pilots who contributed.
Treasurer's Report - Captain Rick Cameron
Treasurer Captain Rick Cameron reviewed the current financial status of the various MEC accounts under his responsibility and the proposed 2021 budget.
Now that all announced pilot furloughs are canceled, Capt. Cameron is recommending suspension of the Furlough Fund assessment. The earliest this can take effect will be the November 1 pay check. There will be a further review next spring to determine the likelihood of furloughs. If furloughs are unlikely, the fund would be terminated at that time with refunds to all pilots who contributed.
10-05-2020 | 08:45 PM
#2
Orbis Non Sufficit
Joined: Oct 2015
Posts: 788
Likes: 10
#tinfoilhat
10-06-2020 | 02:52 AM
#3
Gets Weekends Off
Joined: Feb 2012
Posts: 222
Likes: 0
no, they will restart the assessment then, sadly, due the large number of furloughs announced in April. The fund needs to be shutdown, not suspended. We can vote again next year.
10-06-2020 | 03:00 AM
#4
777 - ret
Joined: Apr 2020
Posts: 863
Likes: 0
From: Waco CG-4 center seat
Sounds like a good plan.
I am really hoping things start showing SIGNIFICANT improvement.
I know some guys will lose sleep over alpo holding that money for a bit ... If I were to lose sleep I would make it over something like traffic not coming back and BK storm clouds on the horizon.
I am really hoping things start showing SIGNIFICANT improvement.
I know some guys will lose sleep over alpo holding that money for a bit ... If I were to lose sleep I would make it over something like traffic not coming back and BK storm clouds on the horizon.
10-06-2020 | 03:05 AM
#5
Gets Weekends Off
Joined: Jan 2020
Posts: 215
Likes: 0
Sounds like a good plan.
I am really hoping things start showing SIGNIFICANT improvement.
I know some guys will lose sleep over alpo holding that money for a bit ... If I were to lose sleep I would make it over something like traffic not coming back and BK storm clouds on the horizon.
I am really hoping things start showing SIGNIFICANT improvement.
I know some guys will lose sleep over alpo holding that money for a bit ... If I were to lose sleep I would make it over something like traffic not coming back and BK storm clouds on the horizon.
10-06-2020 | 04:13 AM
#6
777 - ret
Joined: Apr 2020
Posts: 863
Likes: 0
From: Waco CG-4 center seat
10-07-2020 | 06:13 AM
#8
Gets Weekends Off
Joined: Aug 2013
Posts: 447
Likes: 0
From: non reclining seat
Just send an email to [email protected] requesting cancelation of assessment deductions. Very easy..problem solved.
10-08-2020 | 06:07 AM
#9
Line Holder
Joined: Jun 2008
Posts: 1,980
Likes: 15
From: 737 CAPT
Just send an email to [email protected] requesting cancelation of assessment deductions. Very easy..problem solved.
Considering administrative costs of opening, closing, auditing and then distributing the funds - which come out of the funds - then I have no problem with the funds being held in an account until it is determined whether or not UA furloughs next year. I would rather NOT pay all of those costs twice out of MY money. Just my opinion.
10-08-2020 | 09:52 AM
#10
Gets Weekends Off
Joined: Feb 2006
Posts: 1,130
Likes: 0
From: B737 CAPT IAH
OK, and that will make a difference this time how? Payroll close out happens on the 8th and the company was in process of finalizing for the mid-month check. The company has said they can turn off assessment for the November 1st paycheck.
Considering administrative costs of opening, closing, auditing and then distributing the funds - which come out of the funds - then I have no problem with the funds being held in an account until it is determined whether or not UA furloughs next year. I would rather NOT pay all of those costs twice out of MY money. Just my opinion.
Considering administrative costs of opening, closing, auditing and then distributing the funds - which come out of the funds - then I have no problem with the funds being held in an account until it is determined whether or not UA furloughs next year. I would rather NOT pay all of those costs twice out of MY money. Just my opinion.
Lee
Thread
Thread Starter
Forum
Replies
Last Post
