President Dale Danker, Update March-June 2021
For those members who have a pension in PBGC.
Some union members stand to gain from a recent change to the Pension Benefit Guaranty Corp (PBGC) policy regarding the payment of retiree benefits.
In the past, only retirees could collect benefits from any plan terminated by the employer and taken over by the PBGC. The change allows employees who are still on the payroll to receive benefits.
This change will take effect on June 1, 2021.
The new rules apply to any employee of any company who has had their pension terminated and taken over by the PBGC.
To find out if you are eligible to receive benefits under the new plan, please contact the PBGC directly. Representatives can guide you through the process and give you an estimate of what you are entitled to receive.
The PBGC may be contacted through their website, at www.pbgc.gov or on the phone at 1-800-400-7242.
Dale Danker
President
HEAT:
We are just about to feel the wrath of the Oklahoma Heat. Please take time and drink plenty of water to stay hydrated. We have gone from 73 degree highs to 92 degrees in just a short while. Also understand that thirst isn’t the best indicator that you need to drink. “If you get thirsty, you’re already dehydrated,”.
Water is best.
Keep yourself and your family safe.
Kendal Anderson
Vice President
Stewards Meetings Monday, June 14
- 7:15 am
- 11:45 am
- 3:45 pm
2022 vacation balance for COVID-19 vaccine incentive
For U.S.-based Tech Ops team members
Team members who have successfully claimed their COVID-19 vaccine incentive in April and May will see their Future Vacation Balance change in Workbrain starting on June 3, 2021.
Going forward, these Workbrain updates will be made on a monthly basis, populating the month following when the vaccine verification was submitted. The deadline to submit your verification is Aug. 31, 2021, so the final Workbrain update will be in September.
Details
Team members will be awarded 2022 vacation time for the COVID-19 vaccine incentive as follows:
· TWU-IAM Tech Ops (M&R/MLS/MCT/MTS): 8 hours.
· Management and Support Staff — full-time: 8 hours.
· Management and Support Staff — 80%: 6.4 hours.
· Management and Support Staff — 60%: 4.8 hours.
· Management and Support Staff — 50%: 4 hours.
Haven’t claimed your incentive? There’s still time
If you have been vaccinated against COVID-19 and have not claimed your vaccination incentive yet, there is still time to apply. Team members have until Aug. 31, 2021, to visit the online submission portal and submit their vaccine verification information.
In addition to vacation time, team members will also receive 5,000 Nonstop Thanks points, valued at $50.
Resources
Learn more about the COVID-19 vaccine incentive program on Jetnet.
Marla Johnson
Executive Board Member at Large
Retirement Sick Leave Hours Payout Election for TWU & IAM
If you are planning on retirement here is some helpful information
This form must be submitted at least 4 months prior to retirement date to receive the RHRA credit.
Choose one of the following options
| O |
I request my unused sick leave to be paid out at the applicable rate for my workgroup. |
| O |
I request my unused sick leave to be applied to a Retirement Health Reimbursement Account (RHRA). The Company will credit to the RHRA the value of the eligible retiree’s accumulated unused sick leave hours at the time of retirement multiplied by 50% of the hourly rate of the retiree at the time of retirement. |
If the Retirement Health Reimbursement Account (RHRA) option is elected, the account will be made available within 2 weeks of your Retirement date or the date your retirement is elected, whichever is later. The RHRA can be used to reimburse you for costs of healthcare expenses and premiums in retirement. The RHRA is a notional account and funds can be used for medical, dental, vision, prescription, and post-tax healthcare premiums for yourself and your eligible spouse. To learn more, visit the Benefits Service Center via my.aa.com now and select Reimbursement Accounts. To access this account after your retirement, visit http://digital.alight.com/american-airlines/ and select Reimbursement Accounts to submit claims for reimbursement.
The terms of the RHRA are governed by the plan document. If there is a conflict between the information noted here and the plan document, the terms of the plan document will prevail.
SOURCE: https://newjetnet.aa.com/docs/DOC-11649
Terry Buck
Recording Secretary