Voluntary Early-Out Program Zoom Meeting- August 3rd, 2020 @ 10: AM CDT

New! Deadline extended to Aug. 12 for voluntary leave and early out programs The deadline for the long-term voluntary leave of absence and voluntary early out programs for active, U.S.-based mainline represented team members, excluding pilots, has been extended to Aug. 12 at 11:59 p.m. CT. See JetNet for all details

On Monday, August 3rd at 10:00am CT, Mark Loeber, your TWU retirement consultant, hosted another virtual meeting to discuss and educate those who are interested in registering for the recently announced Voluntary Early-Out Program (VEOP). We encourage all employees who are interested in registering for the VEOP, or who want more information on the VEOP, to watch this meeting. 

During this meeting, Mark will be addressing the following details for the VEOP with 12-Month Payout Period option and the VEOP with Lump Sum option:

    • Eligibility
    • Deadline
    • Payout Options (12-Month & Lump Sum)
    • Travel Benefits
    • Medical Benefits
    • Retiree Health Reimbursement Arrangement (RHRA)
    • Continued 401k contributions during VEOP
    • Vacation Time Payout
    • Sick Day Payout

Other subjects on retirement planning will be discussed as well. These subjects include:

    • Income Taxes
    • Social Security
    • Retirement Income Planning (Pension & 401k)
    • Q&A session

Here is the Video of the July 22nd, 2020

 

RHRA – Jetnet Document- IMPORTANT READ

Children’s expense ARE included, Please read the above document

 

NOTE- To sign up for the VEOP log into Jetnet & goto: https://people.aa.com/sm/VolPrograms

 

Marke Loeber
The Advancement Group
918.491.0079

 

 

Remember: VEOP is not a negotiated Item- It is an Offer from American Airlines.