Vacation Buy Back & 401(k) Deferral – Payments on February 1, 2020 Pay Advice
January 15, 2020
JCBA Section 12.D.
During the Election process for 2020 Vacation Bidding the Company offers a vacation buy back option, which allows a Flight Attendant to take pay in lieu of accrued vacation. Flight Attendants must opt to “sell” at least six (6) full days of accrued vacation. Vacation days are “sold” back at a rate of three hours and fifteen minutes (3:15) of pay per day plus an incentive payment, which shall be determined and announced prior to the annual vacation bid. The hourly rate of pay used to determine the value of the Vacation buy back is based on each Flight Attendant’s individual rate of pay as of 12/01/19. Keep in mind that International Purser and Purser pay overrides are not included in the hourly rate of pay and do not apply to Vacation Buy Back payments.
In addition, Flight Attendants may elect to contribute a minimum of seven (7) days and a maximum of fourteen (14) days of paid vacation, accrued for use in 2020, into their 401(k) Savings Plan account or UK Stakeholder Group Plan. These payments will be included on the February 1, 2020 Pay Advice.