Since the Company is announcing LayOff's Another Voluntary Early Out is available per our Current CBA. This does NOT contain the same option for retiree health reimbursement account (RHRA).
Terry Buck
Recording Secretary
- Election window: 10:30 a.m. CT Aug. 25 – 10:30 a.m. CT Aug. 28
- Eligibility:
- You must have a minimum of fifteen (15) years of company seniority.
- You must not be affected by the reduction in force.
- Details:
- You will receive a one-time lump sum payment of $22,500 paid within thirty (30) days upon release date.
- You will lose your recall rights and forfeit your seniority upon release date.
- You will receive a severance allowance as outlined in the applicable Service JCBA.
- Being awarded the VEOP will not have an impact on any Sick Leave Buy Back provisions in the applicable JCBA.
- Joint Collective Bargaining Agreement
TWU Local 514 Recording Secretary
TWU Local 514 Benefit Committee Chairman
Phone 9184374300
Cell 9186382652