There has been some frustration over the shrinking amount of profit sharing for this year, especially in light of the profit sharing announcement at Delta.
The reason the committee took this approach was simple. Based upon our goal of protecting your short and long range goals; we determined, based on the economic forecasts of consultant Dan Akins, that profits would drop leading to a substantial loss in your Profit Sharing. This has been borne out as we see that the pilots have taken a stunning 60% reduction in their Profit Sharing.
We hope that all of you had a fabulous Holiday Season!
Although 2017 posed many challenges, we are proud of what we were able to accomplish and that our members now enjoy the best contract in the industry.
As is normally the case, during the transition to the new Collective Bargaining Agreement, there have been some implementation issues and also some areas where we disagree with the Company in terms of contract interpretation.
Application deadline is March 31, 2018. Apply today!
For the sons, daughters and financial dependents of Teamster members. Academic scholarship range from $1,000 to $10,000 for high school seniors planning to attend a four-year college or university and training/vocational program awards of up to $2,000 for use at community colleges and trade schools.
A new and improved online application process can be found on the James R. Hoffa Memorial Scholarship Fund's website: www.jrhmsf.org.
Teamsters SFO — 856/986 recently received a thank you letter for our donation of six Amazon Kindles to Working Partnerships USA to benefit children in foster care. Thanks everyone for making it happen with your donations!
The devastating wildfires in Northern California have taken lives, destroyed homes and businesses, and impacted many of the communities where our members live and work. Our first priority is our members and their safety. If you have been evacuated from your home, please reply and let us know if you are safe. We are working with Joint Council 7 All Charities Fund, the International Brotherhood of Teamsters' Disaster Relief Fund, and our own Local 856 Solidarity Fund to try and provide assistance to members who have lost their homes. In addition, the JC7 truck has been traveling the area to bring supplies and assistance to evacuees.
The Benefits Committee has been successful in obtaining voluntary ancillary benefits from AFLAC. These benefits are in addition to the benefits offered by United and have been made available by the contract language found in Article 16 J. The products that AFLAC will be offering are Whole Life, Critical Illness, Accident and Short-Term Disability. As a voluntary product you may choose any combination of the offered plans or none, the choice is yours.