Increase medical life-time maximum from $300,000 to $500,000
Employees who are less than age 44 as of 12/31/2010 will have the option to roll the prefunding refund into a 401(k) account or take a cash payout- those electing cash payouts they will be received by December 15, 2010.
Employees who are 45, 46, 47, 48 or 49 years of age as of 12/31/10 will have the same options as outlined above or the option to not receive a prefunding refund and have sick leave credits added to the employee’s existing sick leave bank, at the time of retirement, for retiree medical as follows:
Age 49 as of 12/31/10: 840 hours of sick leave credits
Age 48 as of 12/31/10: 720 hours of sick leave credits
Age 47 as of 12/31/10: 630 hours of sick leave credits
Age 46 as of 12/31/10: 540 hours of sick leave credits
Age 45 as of 12/31/10: 480 hours of sick leave credits
At the time of retirement, the company will look back at the employee’s sick leave usage since 5/5/2010 and will reinstate to the sick bank, those paid sick hours utilized as part of any single illness or injury that used forty-five (45) consecutive workdays or more of sick time.
Over 20 years at AA, below 50, funded the whole damned thing since eligible along with the supplemental: never used the company benefits, kept the full lifetime max plus the supplemental paid up. Used the spouses insurance, even though it cost more in the short run because we wanted to retain the long term value.
Now you tell me this BS about using my sick time to get what some MF over 50 with less than 15 years, that used the piss out of the company sick time and the AA self-funded medical plann while still sucking at fixing airplanes will get the benefit of MY COMPANY MATCH because AA and the TWU colluded to discriminate against me wholly because of my age?
You say that this somehow is compensation for the TWU/AFLCIO supporting OBAMACARE and AA getting out of the business: FU