jersey777
Veteran
- May 24, 2006
- 627
- 73
NEWSFLASH*****NEWSFLASH*****NEWSFLASH*****NEWSFLASH*****
February 7, 2011
Heads up - the letters for the first batch of never recalls will be sent next Monday, February 14 to approx 150 F/As.
They anticipate another batch of about 220 to go out in March /April for a total of 370. No word yet how many beyond that number.
Training will be 4 weeks for an online date of June 1
Now for the downside. (please don't shoot the messenger). There will not be an early process out clause. The reason is legal. The Employee Retirement Income Security Act (ERISA) has strict guidelines regarding retirement. The company cannot bypass this law even if they wanted to.
Therefore; anyone who did not attain 15 years company seniority prior to furlough in 03' will have to make the years up to equal 15.
For example, if you had 14 ½ years of company seniority at the time of furlough - you will be required to return for 6 months in order to retire under the company retirement policy
Equally, if you were not yet 50 but are now 50 and have 15 or more years of company seniority - you must be trained and go online for 1 day before you can retire under the 50-55 rule.
Anyone who is 55 or older with 15 years company seniority may retire after 1 day online
A travel separation option will be offered.
I know there will be many questions. I have been asked to participate on the committee to put together a Q&A for this group. This group has never been trained in AA metal therefore; the circumstances will be unique
In Unity - Willie
February 7, 2011
Heads up - the letters for the first batch of never recalls will be sent next Monday, February 14 to approx 150 F/As.
They anticipate another batch of about 220 to go out in March /April for a total of 370. No word yet how many beyond that number.
Training will be 4 weeks for an online date of June 1
Now for the downside. (please don't shoot the messenger). There will not be an early process out clause. The reason is legal. The Employee Retirement Income Security Act (ERISA) has strict guidelines regarding retirement. The company cannot bypass this law even if they wanted to.
Therefore; anyone who did not attain 15 years company seniority prior to furlough in 03' will have to make the years up to equal 15.
For example, if you had 14 ½ years of company seniority at the time of furlough - you will be required to return for 6 months in order to retire under the company retirement policy
Equally, if you were not yet 50 but are now 50 and have 15 or more years of company seniority - you must be trained and go online for 1 day before you can retire under the 50-55 rule.
Anyone who is 55 or older with 15 years company seniority may retire after 1 day online
A travel separation option will be offered.
I know there will be many questions. I have been asked to participate on the committee to put together a Q&A for this group. This group has never been trained in AA metal therefore; the circumstances will be unique
In Unity - Willie