What about the reinstatement of the Flight Options pilots groups 401k?
The Flight Options employees were given the impression that this was the fault of the union. That is was "negotiated away." Really? Not so.
The company discontinued the Flight Options employees 401k prior to completion of the CBA. Note the LOA language:
WHEREAS, the parties have agreed to delay the effective date of subsection 29.2 of the Agreement due to current economic conditions impacting the Company?s business;
WHEREAS[FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman], the parties intend for this LOA to become effective upon ratification of the Agreement;
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The company needed the LOA because they had agreed to 401k provisions in the CBA. Now that had to change.
It goes on to say:
2. [FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]It shall not be a violation of this LOA or Section 29 of the Agreement if the Company makes a matching contribution that is less than the amounts specified in Section 29.2 of the Agreement. However, the initial Company matching contribution, and all increases in matching contributions described in Paragraph 2.(a) and 2.(b), whichever is applicable, of this LOA, regardless of whether the matching contributions are non-discretionary or discretionary matches under the 401(k) Plan, or a combination thereof, shall be subject to this Paragraph 2. [/FONT][/FONT]
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[FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]Flight Options management could of, and can, reinstate 401k matching ANY time they want. Even for a lesser amount than required by the CBA.[/FONT][/FONT]
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[FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]NOTHING. Absolutely NOTHING is stopping Flight Options senior executives from starting this benefit. Certainly the union is not stopping it, rather the union has formally indicated they encourage the reinstatement of this benefit.[/FONT][/FONT]
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[FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]How is an employee supposed to feel when their company won't reinstate such benefit, yet can spend millions, if not billions on other acquisitions?[/FONT][/FONT]
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[FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]What motivation is there for this difference between two employee groups under the same executive leadership?
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