Breaking News: IAM/PSA Airlines Tentative Agreement Reached!

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As we resumed negotiations in DAY this week, the momentum from last week carried forward and we were able to close the gap on the few remaining issues. As of today, we have reached a Tentative Agreement on terms for your new Collective Bargaining Agreement.聽 Below are highlights from this Tentative Agreement:

 

路聽聽 14% in wage increases over term (5%-3%-3%-3%) 路聽聽 24.5% net increase in CBA value over term with wage, premium and benefit increases
路聽聽 7% (wage and A&P license premium) average increase effective on DOS 路聽聽 Additional Personal Day Off
路聽聽 A&P License premiums now $1.00/each 鈥 $2.00/total 路聽聽 Avionics premium now $2.00
路聽聽 Contained health care increases over term 路聽聽 Run/Taxi premium increased to $0.50/hour
路聽聽 Increased Per-Diem to $1.80/hour 路聽聽 16 continuous hour duty limit
路聽聽 5th week of vacation at twenty (20) years 路聽聽 Strengthened Field Service language
路聽聽 Increased sick leave bank cap to 500 hours 路聽聽 Increased sick leave payout at retirement
路聽聽 Increased 401(k) benefits 鈥 3 tiers now at 6 months, 6 years and 12 years 路聽聽 New Roth IRA 401(k) option
路聽聽 New Moving Policy valued at $10,000 路聽聽 New Market Adjustment Premium (MAP) Pay
路聽聽 Removed pay freeze language 路聽聽 Strengthened scope language
路聽聽 Four (4) year term from date of signing 路聽聽 Six (6) month early opener for next contract

 

Copies of the Tentative Agreement will be released as soon as they can be printed and shipped to your Maintenance Bases. Additional details concerning the ratification process will be released shortly. Your Committee worked long and hard to achieve this deal that places you at the top of the industry and recommends a YES vote on this Tentative Agreement. Your patience and solidarity have been instrumental in reaching this Agreement that you deserve.聽 With best wishes we remain

 

Sincerely and fraternally,

James M. Samuel

GENERAL CHAIR

Todd Roan-CAK聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽 聽聽聽聽聽 Ian Cole-CLT聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽聽 Greg Farmer-DAY

NEGOTIATING COMMITTEE MEMBERS

JMS/slb

cc:聽 聽聽聽聽聽 S. Pantoja
J. Tiberi
T. Klima
District 142 Executive Board

 

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