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ERJ - Jay said:It's really confusing how they integrated the furloughs, but her's a snap shot. (Note: All pay rate examples below are from 10/01/01 effective dates of contract 1997, contract 2002 still being negotiated at both airlines, retro-checks yet to be deterimend per the yet to be closed CBA)
All CAL furloughs were givin a choice of:
1) Furlough, cash check, but no acrued longevity while on furlough.
2) Company Offered Leave of Apsence (COLA), no cash, but they accrue pay and retirement longevity while on COLA. So when they are eventually recalled, they will come back as say a 7 year FO pay instead of a 2 year FO pay. When you consider the pay differential over the following years till they reach 12 year pay (max) plus the 5 more years of service for retirement (Continental Retirement Plan = CARP), these were the ones who most people consider smart financially due to the huge winfall they will have over their remaining carreers.
3) Come to express, no cash check, no accrued longevity for pay at CAL or towards retirement. So when they are recalled, they will still get 2nd or 3rd year pay (the pay at which they left CAL).