Vacation Buy Back and 401(k) or UK Stakeholder Deferral Payments
January 25, 2020
Based on the language in our Contract, we have 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 and partial days are not eligible.
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 rate of pay for Vacation buy back is based on your individual rate of pay as of 12/01 of the year prior to the payment date. In this case, 12/1/2019. International Purser and Purser pay overrides are not included in our hourly rate of pay and are not applicable to Vacation Buy Back
In addition, our Contract provides that 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.
As in prior years, Flight Attendants based at international domiciles (LHR, FRA, NRT and HKG) will see the Vacation Buy Back and deferrals into the 401(k) or UK Stakeholder Plans on their 2/1/2020 paycheck.
Flight Attendants at all U.S. domiciles, including Guam, will be issued a separate check that will reflect the vacation buy back and 401(k) deferral.
This year, because February 1st is on a Saturday, the payments will fund on Friday, January 31, 2020. Currently, our 1/31 on cycle pay advices are visible on Flying Together. Flight Attendants based at international bases can view these payment on the 1/31 pay advice.
Because Flight Attendants at domestic bases will receive a separate pay advice for these payments, they will not see these on the on cycle pay advice. The work of preparing these separate pay advices with vacation buy back and 401(k) deferral is in progress and checks should be visible sometime this week.