retire from furlough
October 16, 2002
Randy Canale
President District 141 IAMAW
Dear Randy,
The following will confirm our agreement reached with respect to employees’ ability to retire from the present voluntary furlough offering.
On a non-precedent and non-referral basis the company and the Union agree that employees awarded voluntary furlough under the normal provisions as stated in the CBA and as amended in the restructuring agreement, who are age 52 or older as of their voluntary furlough effective date and who have at least ten years of service, will be eligible to retire while on voluntary furlough at age 55. Such employees (will) be subject to all normal voluntary furlough provisions including recall. Employees who remain on voluntary furlough at age 55 and who retire from voluntary furlough will be subject to normal early retirement actuarial reductions. Such employees will be considered as retiring from active service and upon the effective date of their retirement will become eligible for all normal retirement benefits including insurance and travel. This provision will be in effect for the present round of voluntary furloughs only and the company will extend the close date for accepting applications to Wednesday October 23rd, 2002.
Sincerely,
E. Allen Hemenway Director Labor Relations-Ground
USAirways, Inc.
Agreed:
Randy Canale President District 141 IAMAW