enough already
Veteran
- Jan 8, 2003
- 659
- 249
Equity Update:
http://twu514.org/blog/2013/08/04/aa-twu-equity/
http://twu514.org/blog/2013/08/04/aa-twu-equity/
What's the word on the equity?
- Thread starter screwed again
- Start date
MCI transplant
Veteran
- Jun 4, 2003
- 5,311
- 584
- Banned
- #122
So, As I read it, retirees who were on the payroll as of Nov.29, 2011, will receive a share of equity.
Yes, and we didn't want another 6 year concessionary contract shoved up our ass, lose our pension, lose our Retiree Medical after paying into it for twenty years, see I,A, & B checks and OH outsourced etc. Did you think somehow you would be the only workers to come out unscathed and continue to collect a benefit that costs them a quarter of a billion a year, a benefit that most companies get away with dumping without even going to BK Court? Not saying its right, saying that the same people you put in office in places like Kansas helped make this the new American reality. Enjoy your retirement, odds are mechanics who are working today will never experience the luxuries you have enjoyed and are complaining about losing.
AANOTOK
Veteran
- Oct 10, 2009
- 4,627
- 2,242
Not how I read it. You had to be on payroll between Nov. 29, 2011 and Jul. 26, 2013. I may be wrong though.
If I read it right, no retiree's or early outs are eligible unless you are leaving after Jul. 26th.
overhauler
Member
- Mar 19, 2012
- 43
- 34
MCI transplant, as AANOTOK has stated, the keyword is AND
overhauler
Member
- Mar 19, 2012
- 43
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AANOTOK voluntary early outs and stand-in-steads are not eligible
AANOTOK
Veteran
- Oct 10, 2009
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If you take a stand-in-stead after July 26th, it seems to me you met the criteria.
overhauler
Member
- Mar 19, 2012
- 43
- 34
If you read item 1 of AA sample letter of eligibilty, both parts must be satisfied. The second one states " Did not accept a voluntary, early-out or stand-in-stead position.
http://www.twubkfacts.org/LinkClick.aspx?fileticket=4J43Cr_u7Dw%3d&tabid=2226
overhauler
Member
- Mar 19, 2012
- 43
- 34
Only difficult because you changed "and" into "or"
AANOTOK
Veteran
- Oct 10, 2009
- 4,627
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Note that a “Yes” indication to either 1 or 2 below means that you are entitled to a distribution;
“No” to both 1 and 2 indicates you are not entitled to a distribution.
So, if you meet 1 (on payroll thru dates given) you have met the criteria..
What you decide after July 26th doesn't matter.
overhauler
Member
- Mar 19, 2012
- 43
- 34
Keep reading 1. You only read half of it. If you took the early-out, you can't say yes to 1.
AANOTOK
Veteran
- Oct 10, 2009
- 4,627
- 2,242
I read it all. Again, I understand if you took the EO or SIS before the final date of July 26th you are not eligible. But, as it clearly states, if you can say "yes" to either 1 or 2 you are eligible.
1. In a TWU represented craft/class and on payroll or approved leave on 11/29/11 and 7/26/13 MET
2.Did not accept a voluntary early-out or stand-in-stead position Irrelevant because you were on payroll in 1.
So, you met one of the two criteria, all that is needed!
1. In a TWU represented craft/class and on payroll or approved leave on 11/29/11 and 7/26/13 MET
2.Did not accept a voluntary early-out or stand-in-stead position Irrelevant because you were on payroll in 1.
So, you met one of the two criteria, all that is needed!
OP
screwed again
Member
- May 1, 2012
- 74
- 52
- Thread Starter
- Thread starter
- #134
That's how I understand it. If you took the stand in stead or early out then you can't say yes to 1.
OP
screwed again
Member
- May 1, 2012
- 74
- 52
- Thread Starter
- Thread starter
- #135
AANOTOK. You are putting a 2 next to the second part of criteria 1. It's a two parter.
