Lets play a game and ask your local prez the same questions and see if we all get the same answers. 😛
Here are some for the questions I posed above.
Employees who are of retirement age CAN take the buyout AND retire.
"We were able to bargain with the company a provision that allows a retiree to also take advantage of the EO. Those employees will be able to coordinate their benefits to enjoy the privileges as currently being offered by the Company for non revenue travel, they can take the 1 year of Medical and then cash out their sick bank as outlined in Attachment C. You may note that we were able to get an additional 30 days of sick hours added to each employees entitlement for those days lost during the PDO years and restructuring agreement period. Then from here out employees will receive and additional 7 days per year for the purpose of this program only, until the snapback occurs on 12/31/11. The only question that we are awaiting confirmation on is whether or not and agent who is not of retiree age but has over 25 years of service, if they'll be required to pay the segment fee and travel S4."
"If a retiree also takes the EO then his vacancy is considered an EO vacancy and can be filled by a displaced employee, but at step 1 of the scale."
"Unfortunately, if any agent was involuntarily downgraded to PT, he will only be paid 1/2 cash EO beneift."
So, great news. :down: Anyone else get any different answers to these or other questions from your local prez, plz post them here.