When do we get the rest of lump sum??
 

How long will this take to get?

F. For the $150M Amount, a Payment Date will occur no later than thirty (30) days after the later of the following: 1) the SLI Date, and 2) the date ALPA provides written authorization to the Company pursuant to the requirements of the ALPA Policy which will include a list of the pilots and the dollar amounts (of the $150M Amount) to be paid to or on behalf of pilots on the list

And it will come in four tranches. Payment dates will be determined by the average solar cycle which is currently 11 years in length. So in 44 years you will have all your money.

Just heard from someone sitting in the MEC meeting that the target date is 9/20. The limiting factor is UAL payroll. Imagine that.

Well it depends. Now we have to figure in the furloughed guys and what their relative earnings would have been if they were never furloughed and that will be divided up into 1/3 per list. Sent to arbitrators until a binding tranche decision on how many tranches will be tranched will be made. Take your expected relative bonus minus the 5% holdback and then minus another 5% devils cut (ALPA). There will be a 5 year fence on all direct deposits so if you have that option it's going to be a while.

Once grand wizard Moak comes out of hiding if he sees his shadow there will be another 30 day extension on the extension. If he doesn't see his shadow then he will sign a release of all funds.

Now if per arbitrator ruling the furloughed guys weren't really furloughed just didn't have anywhere to fly. But they were still employed. So They need to be made whole again. You will have to forfeit most if not all of your bonus so they can have a bonus similar if not greater to yours even though you have been working and they haven't.

It's just fair

Because they couldnt have planned ahead knowing this was coming out tomorrow...nope.

MEC Update 28 August, 2015

In September 2013, the ALPA Executive Council passed a resolution requiring the continuation of the retro pay holdback, which was 5% of the first payment. This action was in accordance with Section 40.3.J.10.c. of the ALPA Administrative Manual. The Executive Council took this action because of the risks in a lawsuit and administrative charges brought by pilots against ALPA and the Company concerning one aspect of the allocation by both pre-merger MECs. The ALPA Executive Council recently discussed the holdback and concluded that circumstances had not changed to justify changing it at this time as litigation over the retro payment is still pending.

Lastly, you should know that the Company, not ALPA, maintains these holdback funds for future distribution, without accrual of interest. The Company has demanded that this holdback be maintained because it is also a defendant in the lawsuits.

Once the remaining cases are finally dismissed, can we turn around and sue the litigants for our lost interest on the locked up funds?

Yes, but only for 95% of the 5%. 5% of the 95% of the original 5% will be held back for the litigious minded. :p

Well played!

If you are over 40, your unborn child may see your share about the time they graduate from med school

Anybody know who are the members of the two remaining lawsuits?

What if ALPA loses one of the remaining lawsuits? Do they expect to pay for their mistake with OUR money?

Are we supposed to be docked pay because ALPA made an error?

Take money out of the $40 million we pay in dues each year to cover it!

Here's the original announcement. Don't know which one was settled though.

http://static1.1.sqspcdn.com/static/...WvByk%3D#page3

Here are the details of each lawsuit.

http://static1.1.sqspcdn.com/static/f/1757439/26057033/1426721879797/05+30+2014+United+MEC+Update.pdf?token=k85KZkwEoYp 6fECqGRZDSg5Jdxg%3D

Which lump sum? Would that be for the LTD overfunding?

No. This one is the "retro pay" upon approving the UPA. Five percent of it is being held back pending litigation of how and to whom it should be distributed.

So who is collecting interest on that now?

UAL. So they're collecting interest and laughing.

ALPA dues should not be used to pay a company bonus. We have already spent lots of dues dollars by fighting these cases so that everyone can get their money. You should be asking each of the plaintiffs to drop their case, if you want the money sooner.

If you're talking about ALPA National, I don't think it was their error. I believe ALPA LUAL and ALPA LCAL were given autonomy to each distribute retro by a methodology of their choosing. One or both of them screwed it up.

Who says they screwed it up? The lawsuit hasn't been lost. It's just still in the courts therefore the 5% holdback.

It's not the only lawsuit out there. There are still some goofballs giving away their money to lawyers and taking money out of the ALPA coffers arguing against the SLI. It's just the American way apparently. If you don't like the outcome of something you agreed to, sue. Lawyers love it.

Good point.

So who pays the layers when it is all settled. Assuming the ones suing loose, do the legal costs come out of the 5% to be distributed?

I know is some cases, the looser can be ordered to pay legal fees.

Wow. :p

Somebody hold back 5% to get the man a grammar check!

edited for everything. One of these days I will figure out how to type on a phone, instead of voice typing.

That's all just a bunch of "gobbeley-gook"

ALPA is acting as our employer in this matter. You can't say "NOT ALPA", when it's ALPA that is telling the company to keep the money.

This is like saying.........these aren't the droids you are looking for. When in fact these are the droids we are looking for, and ALPA is holding key to the lock box and the company is holding the lock box.

The company and ALPA wouldn't be co-defendents in the lawsuits if it weren't for the illegal actions of Jay Pierce, Lee Moak, Jackson Martin, Tom Stiavala, Jeff Simizek, Fred Abbot. All ALPA had to do was LISTEN to what the military reservists were saying..........All it had to do was listen to its own military liaison committee.

Clearly, the company decided in the last contract what their strategy was going to be regardless of what the advice was of the good and honest people of our military liaison committee. It's really a shame that ALPA took dues money from the guard/reserve pilots who were also ALPA dues paying members in good standing. Their dues moneys should be returned.

You are correct.

ALPA L UAL did it right and complied with the law

ALPA L CAL did it wrong, and did not comply with the law.

ALPA National approved them both, however.