LOA 24-05 Officially failed

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12-10-2024 | 08:21 AM

#11

JurgenKlopp

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Joined: Jun 2019

Posts: 599

Likes: 46

Quote:

Originally Posted by KnightNight

Glad it failed, but we really need to work on 73% only participating

It was a complicated LOA put upon us during a pretty busy time of year. Not ideal at 73% but we’ve seen far far worse.

And yes recall talk is just flame bait.

12-10-2024 | 08:35 AM

#12

GolferNJ

Gets Weekends Off

Joined: Oct 2017

Posts: 220

Likes: 0

From: 777 FO

Quote:

Originally Posted by KnightNight

Glad it failed, but we really need to work on 73% only participating

I'm more worried about the 162 people who voted, but didn't select either option.

"162 ballots were cast in which the voter did not select any options"

12-10-2024 | 09:02 AM

#13

KnightNight

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Joined: Aug 2021

Posts: 934

Likes: 22

Quote:

Originally Posted by GolferNJ

I'm more worried about the 162 people who voted, but didn't select either option.

"162 ballots were cast in which the voter did not select any options"

participate but abstain?

12-10-2024 | 09:32 AM

#14

jerryleber

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Joined: Jul 2022

Posts: 1,592

Likes: 153

From: 787 FO

Quote:

Originally Posted by But seriously

I get why the membership voted this down, but I can’t figure out why people are mad about it and calling for recalls.

Only Toddlers like Gooselives would call for recalls over this. It was an interim deal while waiting for the IRS letter. I am glad a big majority of pilots were fine with waiting.

12-10-2024 | 09:39 AM

#15

UALinIAH

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Joined: May 2015

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From: 777 CA

Quote:

Originally Posted by jerryleber

Only Toddlers like Gooselives would call for recalls over this. It was an interim deal while waiting for the IRS letter. I am glad a big majority of pilots were fine with waiting.

I agree. I'm glad it failed. My heartburn was the hard sell they tried with the LOA but at the end of the day, they sent it out for membership ratification and the membership voted. I don't see that as recall worthy. Just a wake up call.

12-10-2024 | 09:50 AM

#16

fostro

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Joined: Dec 2023

Posts: 451

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Quote:

Originally Posted by UALinIAH

Amen, glad we had a vote! Trust me my previous company had no votes, one man did the yay or nay!

In Unity...

12-10-2024 | 09:58 AM

#17

LJ Driver

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Joined: Jul 2018

Posts: 532

Likes: 10

Quote:

Originally Posted by But seriously

I get why the membership voted this down, but I can’t figure out why people are mad about it and calling for recalls.
It wasn’t a totally unreasonable LOA. It would have started a tax sheltered program earlier than otherwise possible in exchange for starting it more conservatively than otherwise (likely) necessary.
I didn’t think the tradeoff was worth it, but it wasn’t a crazy option to propose and let the membership weigh in.

I would have liked a CBP option early but our members voted and that’s that. The interesting thing here is the final product is still very likely to look pretty dam similar to this LOA due to the differences in United/Delta retirement and health plans and the IRS rules about each. It will just happen later now.

Maybe we can piggyback on Delta for the parts that are similar but that’s not really the rub. Optionality and our RHA are totally different from what Delta has and will be what drives the timeline for implementing here.

12-10-2024 | 02:33 PM

#18

StoneQOLdCrazy

Bent over by buybacks

Joined: Feb 2017

Posts: 1,581

Likes: 567

Quote:

Originally Posted by LJ Driver

I

Maybe we can piggyback on Delta for the parts that are similar but that’s not really the rub. Optionality and our RHA are totally different from what Delta has and will be what drives the timeline for implementing here.

can you get rid of the veba? That’s a good first step

12-10-2024 | 02:45 PM

#19

UALinIAH

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Joined: May 2015

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From: 777 CA

Quote:

Originally Posted by StoneQOLdCrazy

can you get rid of the veba? That’s a good first step

LOL Good luck. Screwing with our only tax free option is one of the big reasons this failed. That genie is not going back in the bottle.

12-10-2024 | 04:54 PM

#20

Spoilers Deploy

On Reserve

Joined: Sep 2022

Posts: 172

Likes: 2

Quote:

Originally Posted by UALinIAH

Membership Votes Down LOA 24-05 Market Based Cash Plan Implementation

Letter of Agreement 24-05 Implementation of the Cash Balance Plan (CBP) failed on a 71% to 29% vote with 73% participating.

If it was single digit that would be one thing, but such a disparity shows a massive disconnect between the 'leadership' and the membership.

Some Reps need a check up from the neck up.