Early Retirement Number guesses?
03-13-2017, 04:51 AM
#31
The NeverEnding Story
Joined APC: Sep 2005
Posts: 7,512
11.G.4.c:
All unused BV days at end of vacation year will be paid to the crewmember by February 15th of the next year. The hours will be paid out at the crewmember’s hourly rate as of December 31st of the prior year. Each unused day will be worth 5:00 hours.
All unused BV days at end of vacation year will be paid to the crewmember by February 15th of the next year. The hours will be paid out at the crewmember’s hourly rate as of December 31st of the prior year. Each unused day will be worth 5:00 hours.
03-13-2017, 07:16 AM
#33
Tri-tanic operator
Joined APC: Jul 2006
Position: Doggie
Posts: 2,382
Originally Posted by BoilerUP
11.G.4.c:
All unused BV days at end of vacation year will be paid to the crewmember by February 15th of the next year. The hours will be paid out at the crewmember’s hourly rate as of December 31st of the prior year. Each unused day will be worth 5:00 hours.
All unused BV days at end of vacation year will be paid to the crewmember by February 15th of the next year. The hours will be paid out at the crewmember’s hourly rate as of December 31st of the prior year. Each unused day will be worth 5:00 hours.
Since they will not be paid until Feb of the following year, how could this apply to a retirement ?
I doubt that it would.
then decided to retire before using them in the upcoming year? 5 hours or 3 hours payout?
Last edited by CactusCrew; 03-13-2017 at 07:29 AM. Reason: clarity
03-13-2017, 07:25 AM
#34
The NeverEnding Story
Joined APC: Sep 2005
Posts: 7,512
Originally Posted by CactusCrew
The language in this section applies to an active pilot that does not use their BV days in the year.
Combine 11.G.4.c with 11.E.4 and there's a pretty compelling argument to be made that unused BV days would be paid to a retiree at 5hr/day.
But of course...the EB, BM, Legal/Grievance staff and almost certainly UPS Labor may disagree with this APC forum lawyer's opinion
It is a worthy question for somebody to run up the flagpole to the EB, either directly or via the B&G.
03-13-2017, 07:35 AM
#35
Tri-tanic operator
Joined APC: Jul 2006
Position: Doggie
Posts: 2,382
Originally Posted by BoilerUP
The language as written does not specify active pilots, though it is certainly reasonable to assume that based on context.
It is a worthy question for somebody to run up the flagpole to the EB, either directly or via the B&G.
It is a worthy question for somebody to run up the flagpole to the EB, either directly or via the B&G.
Here's another dilemma. I understand that it could be beneficial to have an upcoming retiree take as much VAC as BV days. And 5 hours of pay vs 3 hours of pay would certainly provide one the finincial incentive to do just that.
But the total number of BV days chosen does allow the company to reduce VAC weeks for bid ... think less VAC weeks available for bid in the popular summer months.
Hmmm ... thoughts ?
03-13-2017, 06:45 PM
#36
Gets Weekends Off
Joined APC: Nov 2006
Position: F/O
Posts: 328
Originally Posted by CactusCrew
Agreed.
Here's another dilemma. I understand that it could be beneficial to have an upcoming retiree take as much VAC as BV days. And 5 hours of pay vs 3 hours of pay would certainly provide one the finincial incentive to do just that.
But the total number of BV days chosen does allow the company to reduce VAC weeks for bid ... think less VAC weeks available for bid in the popular summer months.
Hmmm ... thoughts ?
Here's another dilemma. I understand that it could be beneficial to have an upcoming retiree take as much VAC as BV days. And 5 hours of pay vs 3 hours of pay would certainly provide one the finincial incentive to do just that.
But the total number of BV days chosen does allow the company to reduce VAC weeks for bid ... think less VAC weeks available for bid in the popular summer months.
Hmmm ... thoughts ?
03-15-2017, 10:01 AM
#38
Row 1A
Joined APC: Dec 2014
Posts: 55
I don't believe the 'early retirements' will be substantial at all. This is my 3rd contract with UPS, every time the old guys say the same thing, "if the A Plan increases I'm out of here". I think 3 guys left early in 2006.
Many of these old guys don't have the necessary hobbies to retire early and/or are greedy. They love the money more than living a longer life.
Many of these old guys don't have the necessary hobbies to retire early and/or are greedy. They love the money more than living a longer life.
03-15-2017, 05:19 PM
#39
Crap Line Holder
Joined APC: Feb 2013
Position: MD-11 Captain
Posts: 18
Originally Posted by Ray Kinsella
Here's the way I see it.
5 weeks of vacation equals 175 hours times.......
5 weeks of vacation equals 175 hours times.......
03-15-2017, 05:21 PM
#40
Crap Line Holder
Joined APC: Feb 2013
Position: MD-11 Captain
Posts: 18
Originally Posted by Night_Hawk
Bid it as early in the year as possible and the sell it back at 5 hrs
Thread
Thread Starter
Forum
Replies
Last Post
Opus
Mergers and Acquisitions
3
09-19-2008 06:04 AM
