Layoff Reference Guide For IAM Members At US Airways
FURLOUGH
ALLOWANCE
¯
Full-time employees who have completed 2 or more
years of service from Hire Date, will be paid 1 week of pay for each completed
year of service based on a straight time hourly rate multiplied by 40 hours up
to a maximum of 15 weeks at regular pay periods until all such pay credit is
used.
|
If
Full-time Employee Has CompletedÉ |
Layoff
Allowance DueÉ |
|
Less
than 2 years of service |
None |
|
2 years
but less than 3 years of service |
2 weeks |
|
3 years
but less than 4 years of service |
3 weeks |
|
4 years
but less than 5 years of service |
4 weeks |
|
5 years
but less than 6 years of service |
5 weeks |
|
6 years
but less than 7 years of service |
6 weeks |
|
7 years
but less than 8 years of service |
7 weeks |
|
8 years
but less than 9 years of service |
8 weeks |
|
9 years
but less than 10 years of service |
9 weeks |
|
10
years but less than 11 years of service |
10 weeks |
|
11
years but less than 12 years of service |
11 weeks |
|
12
years but less than 13years of service |
12 weeks |
|
13 years
but less than 14years of service |
13 weeks |
|
14
years but less than 15years of service |
14 weeks |
|
15
years or more of service |
15 weeks |
¯
Part-time employees who have completed 2 or more
years of service from Hire Date, will be paid 1 week of pay for each completed
year of service up to a maximum of 10 weeks at regular pay periods and continue
until all such pay credit is used.
¯
Part-time employees layoff allowance is based on the
straight time hourly rate, multiplied by the average number of regularly scheduled
work hours during the preceding 52 weeks not including overtime hours, extra
hours and shift swap hours on or off.
|
If
Part-time Employee Has CompletedÉ |
Layoff
Allowance DueÉ |
|
Less
than 2 years of service |
None |
|
2 years
but less than 3 years of service |
2 weeks |
|
3 years
but less than 4 years of service |
3 weeks |
|
4 years
but less than 5 years of service |
4 weeks |
|
5 years
but less than 6 years of service |
5 weeks |
|
6 years
but less than 7 years of service |
6 weeks |
|
7 years
but less than 8 years of service |
7 weeks |
|
8 years
but less than 9 years of service |
8 weeks |
|
9 years
but less than 10 years of service |
9 weeks |
|
10
years or more of service |
10 weeks |
October 2001
INSURANCE COVERAGE
LIFE INSURANCE
¯
Company will pay company portion for a period of
time equal to the sum of the duration of the furlough allowance and 90 days for
full-time employees.
¯
Company will pay company portion for 90 days from
their date of furlough in October 2001 for part-time employees.
¯
Must pay employeeÕs portion of the cost of insurance
during the extension period.
¯
May convert to an individual policy equal to the
amount of current coverage.
¯
Must convert within 31 days from layoff date.
¯
Contact ITT Hartford for conversion application at
1-800-872-4780.
VOLUNTARY GROUP ACCIDENT and
LONG TERM DISABILITY
¯
Coverage ends on date of furlough
¯
Not convertible to an individual policy.
MEDICAL AND DENTAL INSURANCE
For Full-Time employees:
The company will continue to pay the CompanyÕs
portion of the applicable medical and dental insurance for a period of time
equal to the sum of the duration of the furlough allowance and 90 days.
For Part-Time
employees:
The company will continue to pay the CompanyÕs
portion of the applicable medical and dental insurance for 90 days from their
date of furlough in October 2001.
¯ You
are responsible to continue payment of the employeeÕs portion of the cost of
the applicable medical and dental insurance during this period.
¯ After
the 90-day period, you will be given the chance to continue your medical and/or
dental coverage (known as ÒCOBRAÓ) for up to an additional eighteen (18)
months, by paying the full cost of the coverage plus a 2% administrative fee.
You will be contacted within 45 days after the date of your layoff regarding
the cost of continuing your coverage and how to enroll for it.
¯ Questions
regarding medical and/or dental benefits should be directed to the Benefits
Administration at 1-800-872-4780.
VACATION PAY
¯
Lump Sum Payment for all accrued, unused vacation.
¯
Deductions will be taken out for Federal, State and
Social Security taxes only.
¯ No
Credit Union loan and/or savings deduction, no 401(k), Flexible Spending
Accounts, life insurance, or long-term disability deduction.
¯ Payroll
deductions cease on date of layoff.
¯ Not
eligible to contribute to account.
¯ Eligible
for continuation-of-coverage through COBRA.
¯ May
submit claims for reimbursement, the expense must be incurred for services
performed in the year you deposited money into the account.
¯ Payroll
deductions cease on date of layoff.
¯ Not
eligible to contribute to account.
¯ May
submit claims for reimbursement at any time during the calendar year, even
after the termination date.
¯ Money not used for expenses incurred for services performed by the end of the calendar year will be forfeited according to IRS rules.
¯ Must
submit expenses for services in the previous year by March 31.
401(k) PLAN
¯ May
leave contributions and earnings in Plan up to age 70 ½, or may withdraw
entire account balance after layoff.
¯ Must
pay off existing loans in full within 60 days of layoff.
¯ If
loan not paid off, it will be considered a taxable distribution and subject to
an IRS tax penalty.
¯ Contact
Fidelity Service Center for US Airways for loan withdrawal info or request a
payoff balance through the automated phone system at 1-800-354-3412.
¯ Shortly
after the furlough date, the Fidelity Service Center for US Airways will send
you distribution info for the US Airways, Inc. Employee Pension Plan and the US
Airways, Inc. Employees Savings Plan.
¯ May
initiate a distribution from the program no less than 30 days following your
furlough date.
¯ If
balance is more than $5,000, you may defer distribution until a later date, but
not beyond age 70 ½.
¯ Distribution
subject to Federal and State taxes.
¯ Contact
Fidelity Service Center for US Airways for more info through the automated
phone system at 1-800-354-3412.
¯ You
and your eligible family Members currently on your travel privileges are
eligible to use unlimited passes on US Airways for 90 days following layoff.
¯ Not
eligible for interline pass travel.
¯ Must
turn in travel card on last day at work.
¯ Travel
for you and your eligible family Members must be completed within the
90-day period.
¯ Call
the Employee Travel Office at 1-800-872-4780; prompt 4, for travel procedure
questions.
¯ Seniority
and recall rights will be done in strict adherence to the Collective Bargaining
Agreement.
¯ May
leave savings & IRA accounts on deposit.
¯ Contact
the Credit Union directly at 1-800-926-0003 to make arrangements for loan
payments.
¯ Employment
verification is done by Work Number For Everyone at, 1-800-996-7566 and
follow the prompts. If, your lender requires earning history, they will need
your authorization.
¯ To
receive your salary key code, call 1-800-367-2884 and enter the following
information when prompted:
¯ US
Airways company code 10104
¯ Your
Social Security number
¯ Your
2-year digit of your birth & the first 5 digits of your Social Security
number.
¯ The
party verifying your employment must call 1-800-367-2884 and enter the
following information when prompted:
¯ US
Airways company code 10104
¯ EmployeeÕs
Social Security number and salary key code