March 17, 2020
Brothers and Sisters of Local 4201,
Today American announced the offer for Voluntary Leave or Early Out. We have listed a short summary of the options offered. Keep in mind the window for signing up begins today until midnight central time on Monday, March 23, 2020.
1. A voluntary leave of absence
2. A voluntary early out program
Voluntary leave of absence
â During a voluntary leave under this offering, you will continue to be eligible for medical, dental and vision coverage, life insurance and AD&D benefits at active rates.
â You’ll also be eligible for the same non-revenue travel privileges as active team members.
Voluntary early out program
â To be eligible, you must have at least 15 years of company seniority and be in an active status.
â This is a permanent separation from the company.
â Team members will be eligible for medical, dental and vision coverage at active team member rates for two years. You’ll be responsible to pay the bill for your share of the premiums.
â Non-revenue travel privileges according to company policy (e.g. 65 point plan/retiree travel if you meet the age and length of service requirements on your exit date).
â No pay, except for payout of unused accrued vacation.
All details were sent via company email and can also be found in Jetnet. The approximate numbers have not been determined and will vary by station. When considering your options, please keep in mind the guidelines for each offer.
These days may seem full of uncertainty to many, please know that we are all in this together. Take care of yourselves and each other.
Updates will be posted on our website, www.cwa4201.org and Local facebook page, facebook.com/cwalocal4201.
In Solidarity,
Local 4201 E-Board
|