Delta Snap Up
12-25-2016, 10:28 AM
#111
Gets Weekends Off
Joined APC: Dec 2008
Position: 777 Cap
Posts: 199
Are you sure this is correct? The excess funds already collected were largely (if not all) collected under a previous contract and a previous (now nonexistent) airline. I do think if ALPA negotiated a deal with the company, and the company has collected excess funds, ALPA has a fiduciary obligation to represent those pilots to insure their funds that are misappropriated are repatriated. I would like to be remunerated for my share of the overpayments. I don't care about any future possibilities of age changes. That seems to be the company's argument for keeping my money.
Hate to burst your bubble, but not a penny of the money in the trust is yours. It all belongs to the CAL pilots on LTD until the last guy leaves the plan.
Contractual language opens the POSSIBILITY of a quicker distribution but language allows the company to say when it is administratively feasible.
This will get the excess to CAL pilots quicker, but it should not be done at the expense of the pilots that are disabled.
Sluffing off the liability to an insurance company might add a level of risk to benefits that would result in litigation and other potential administrative and contractual responsibilities.
It's not as easy as some suggest.
12-25-2016, 11:45 AM
#112
Gets Weekends Off
Joined APC: May 2009
Posts: 1,871
Are you sure this is correct? The excess funds already collected were largely (if not all) collected under a previous contract and a previous (now nonexistent) airline. I do think if ALPA negotiated a deal with the company, and the company has collected excess funds, ALPA has a fiduciary obligation to represent those pilots to insure their funds that are misappropriated are repatriated. I would like to be remunerated for my share of the overpayments. I don't care about any future possibilities of age changes. That seems to be the company's argument for keeping my money.
12-26-2016, 10:02 AM
#113
Gets Weekends Off
Joined APC: Jun 2011
Posts: 467
I gotcha. Does anyone supervise the company on this? Another words, does the language preclude the association from getting involved to insure the pilots rights are being protected? For some reason, I am just not trusting of the company and feel better when my union is keeping an eye on the money.
12-26-2016, 10:12 AM
#114
Gets Weekends Off
Joined APC: Jun 2011
Posts: 467
Hate to burst your bubble, but not a penny of the money in the trust is yours. It all belongs to the CAL pilots on LTD until the last guy leaves the plan.
Contractual language opens the POSSIBILITY of a quicker distribution but language allows the company to say when it is administratively feasible.
This will get the excess to CAL pilots quicker, but it should not be done at the expense of the pilots that are disabled.
Sluffing off the liability to an insurance company might add a level of risk to benefits that would result in litigation and other potential administrative and contractual responsibilities.
It's not as easy as some suggest.
Contractual language opens the POSSIBILITY of a quicker distribution but language allows the company to say when it is administratively feasible.
This will get the excess to CAL pilots quicker, but it should not be done at the expense of the pilots that are disabled.
Sluffing off the liability to an insurance company might add a level of risk to benefits that would result in litigation and other potential administrative and contractual responsibilities.
It's not as easy as some suggest.
12-26-2016, 10:48 AM
#116
Gets Weekends Off
Joined APC: Apr 2006
Position: 737 CA
Posts: 2,750
12-26-2016, 11:09 AM
#117
Need More Callouts
Joined APC: Dec 2005
Position: Unbridled Enthusiasm
Posts: 2,143
I complete support their efforts and hope they are successful with the arbitrator.
12-26-2016, 11:35 AM
#118
Gets Weekends Off
Joined APC: May 2009
Posts: 1,871
I gotcha. Does anyone supervise the company on this? Another words, does the language preclude the association from getting involved to insure the pilots rights are being protected? For some reason, I am just not trusting of the company and feel better when my union is keeping an eye on the money.
12-26-2016, 11:55 AM
#119
Gets Weekends Off
Joined APC: Apr 2006
Position: 737 CA
Posts: 2,750
Not according to the Negotiating Committee. As the company was salivating over Delta's profit sharing changes dragging those figures down, the same can be said for the increase they're to receive which in turn should lift our rates even higher.
I complete support their efforts and hope they are successful with the arbitrator.
I complete support their efforts and hope they are successful with the arbitrator.
12-26-2016, 03:14 PM
#120
Gets Weekends Off
Joined APC: Dec 2008
Position: 777 Cap
Posts: 199
That seems reasonable to me. I just don't want the company holding the money longer than necessary, and/or for the purposes of providing additional self-insurance should any further age changes occur. An age increase, or further law changes in my opinion should trigger new negotiations and any over-payments or over-funded plans should not be used in those calculations.
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