From the ALPA website:
WHEREAS the settlement of grievances No. MEC 03-08-04 (Negotiation of EMB Pay Rates) and MEC 03-12-10 (Violation of LOA 84 and Health & Welfare Benefits for EMB Pilots) associated with the MidAtlantic division of US Airways has been presented to the MEC, and
WHEREAS the settlement of grievances is acceptable to the MEC, and
WHEREAS the MEC finds the discussion of rates of pay for the EMB 175 to be unnecessary and inappropriate at this time as the EMB 175 is not on order or owned by US Airways, Inc. or US Airways Group,
BE IT RESOLVED the MEC accept the settlement as presented by the Negotiating Committee with the exception that the parties agree to defer any discussion of pay rates for the EMB 175 equipment until such time as the Company orders such equipment, and
BE IT FURTHER RESOLVED that as a condition of this settlement, the Company must agree that it shall not refer to this resolution, resolution MEC AI 04-05, or this settlement agreement in any future System Board proceedings concerning the rate of pay for the EMB 175 equipment.
My "plain english" interpretation of this is that the MEC has accepted the deal worked out with the company concerning MDA pay, insurance, 401K, and aircraft delivery. The only thing needed is for the company to agree to negotiate E-175 pay when those aircraft are acturally ordered and to not use this agreement as ammunition in those negotiations.
Jim