nonunion and management about to get hosed

[AirLUVer]

That is the point of the initial post, accrued sick time not used this year is to be frozen until retirement.  Those existing banks will be frozen.  If you quit or retire early (before age 55) you will not get any of that accrued time in any way shape or fashion.  If you separate after age 55, you can either take a cash payout or a payout for retiree medical insurance at a slightly higher rate.

 

[WorldTraveler]

ok... that is what I was trying to clarify. since they are not wiping them out and you can cash out at retirement, then there probably is no legal issue.

some companies still allowed you to do use for a major illness such as could deplete one's current sick time bank.

tx for clarifying.

 

[WeAAsles]

Actually, it has not been determined if the company is paying full premiums for Short Term Disability.  It just said in the initial email that everyone would be automatically enrolled in it, and Long Term Disability.  Also you don't get paid out your old banked sick time unless you retire after age 55.  My parents were mostly self employed, so I was raised with the thought that sick time was used only when you were in the hospital or contagious.  In 15 years I have burned 16 hours of sick time, kind of sucks when you think of something catastrophic like cancer or major surgery taking you out for 3 or more months and only having 8 days of full pay.
 
I think the ones that will benefit are people that use every sick day that earn as soon as they earn it.  Since they will now have 8 days per year versus 5.
 
Maybe I can talk my illness to coming in December so I can have 16 days of full pay before I drop down to 60% pay.

If you read the PDF it says that "currently" you have the option to purchase STD and LTD. 

This is what it stated as starting in 2015.

American will "provide" 67% of your salary while on STD or LTD.
 
My guess is that the wording "Provide" means they will pay for it? If as you say they are automatically enrolling you in it, it no longer becomes an option.
Currently if you pay for the two the payout is 50% for ST and 60% for LT.  


 

 

[WeAAsles]

ok... that is what I was trying to clarify. since they are not wiping them out and you can cash out at retirement, then there probably is no legal issue.

some companies still allowed you to do use for a major illness such as could deplete one's current sick time bank.

tx for clarifying.

I worked with a guy on the ramp who had cancer. It was horrible because when you saw him you knew he was dying. A very undignified way to go.

Just a suggestion but if you can get further insurance on top of the 67% I would recommend it.

 

[WorldTraveler]

absolutely. Most companies offer fairly reasonable additional insurance and it really is not that expensive.

No one should have to work in the situation your colleague was in. I managed a person who developed brain cancer and all of his peers were very generous in picking up his work so he could go home repeatedly. And the company allowed them to do so.

Doesn't always work out that way.

 

[WeAAsles]

absolutely. Most companies offer fairly reasonable additional insurance and it really is not that expensive.

No one should have to work in the situation your colleague was in. I managed a person who developed brain cancer and all of his peers were very generous in picking up his work so he could go home repeatedly. And the company allowed them to do so.

Doesn't always work out that way.

Many of the people I work with seem to think the whole world revolves around what AA offers. So even if the company didn't offer insurance above the 68% you can do a search and purchase more through an outside company.

Here's a link just for example.
 
Some policies pay out as long as you are disabled until age 65. The average annual premium for a new group long-term disability policy in 2011 was $213 per person, according to Gen Re’s “2011 U.S. Group Disability Market Survey.”
 
If you pay your own premiums with after-tax dollars, your disability benefits will be tax-free. If your employer pays for the policy, most likely with pre-tax dollars, you’ll have to pay income taxes on the benefits.

http://www.insure.com/articles/disabilityinsurance/long-term-disability.html

 

[Overspeed]

Since AA is self insured the company makes out. They are not paying a premium to anyone for providing the insurance.

 

[WorldTraveler]

AA's savings will come from reduced sick time usage, which is exactly what many other companies have done.

Additional insurance is usually offered outside of one's employer and they are usually offered by traditional insurance companies.

Also, USUALLY if you have the coverage as an employee but then leave the company, you will lose the coverage unless you continue it but you usually have the option to continue it even after employment, but once dropped, it cannot be obtained again under that policy.

 

[boston]

I just asked met life if I purchase additional short term disability can I claim that at the same time and the answer is yes!!! Going to check out allstate and Aflack.

 

[OldBubba]

Everybody going to get hosed. I think in the end. Just be thankful you have a job.

 

[WeAAsles]

Everybody going to get hosed. I think in the end..

How so?

 

[Slopoke]

Everybody going to get hosed. I think in the end. Just be thankful you have a job.

 
Oh crap, you sound like management. "Just be thankful you have a job"? As far as non management goes, we will only get "hosed", is if we allow it. We do have a say on what is or is not in our contracts.

 

[WeAAsles]

Oh crap, you sound like management. "Just be thankful you have a job"? As far as non management goes, we will only get "hosed", is if we allow it. We do have a say on what is or is not in our contracts.

+1

 

[La Li Lu Le Lo]

 
Oh crap, you sound like management. "Just be thankful you have a job"? As far as non management goes, we will only get "hosed", is if we allow it. We do have a say on what is or is not in our contracts.

Oh really? Your last two contracts say otherwise.
 
I mean unless you WANTED those concessions............
 
Let's not forget the stall, stall, stall, stall, file bankruptcy tactic that airlines love to use so often to force bad contracts...... did you have a say in that??

 

[Slopoke]

Oh really? Your last two contracts say otherwise.
 
I mean unless you WANTED those concessions............
 
Let's not forget the stall, stall, stall, stall, file bankruptcy tactic that airlines love to use so often to force bad contracts...... did you have a say in that??

 
 
The only thing that I have voted yes for was the extension back in the very early 90's, because it took a lot of us to top scale in pay and I've voted no on all of the other contracts, so don't say they were my contracts.
 
I was just pointing out to OldBubba that the things that were just rammed down managements throat were things that they have to accept. We on the other hand have control over our destiny. The bad thing is that we currently have a union that gets the sheep to go their way. I hope they had their eyes opened by the last screwing and say enough and vote in a different union.