DavzinSoCal Posted November 24, 2023 Share Posted November 24, 2023 The topic of the attached letter is SRI: Special Retirement Incentive and the last sentence states “additional special incentives may be offered”. The current offer is $50,000 and you have to retire by the end of 2024. After that I bet they raise it potentially every year because $50K is Not a Record. Their slogan is Record Profits equal Record Contracts. Wishful thinking? Read the last sentence on pg. 73C and understand the language gives them the flexibility to offer More at any time during the entire length of this Collective Bargaining Agreement. Quote Link to comment Share on other sites More sharing options...
paintguy Posted November 24, 2023 Share Posted November 24, 2023 Be careful as well that future SRI may not be overall, but to certain locations or classifications as needed. 1 Quote Link to comment Share on other sites More sharing options...
Decker Posted November 25, 2023 Share Posted November 25, 2023 Most white pages leave some form of an open end or future negotiations references on the subject or topic. As for record offering by no means is SRI an amount record but, with all the previous SRI`s times are different. The group I look at as the best off when they excepted their SRI was the150K (before taxes & liabilities) group and no Ford heath care insurance. Most that took this SRI had a spouse working for Ford also. Take your 150K and become an insurance dependent. Even those that took this SRI and had no spouse to be covered under they now are eligible for UAW VEBA so pretty much not a bad SRI. JMO Me I`m good with the 50K. 2 Quote Link to comment Share on other sites More sharing options...
DavzinSoCal Posted November 25, 2023 Author Share Posted November 25, 2023 Yeah my dad took the $140K with no health insurance when Ford took away his janitor classification he had 42 years at the time. $150K would break that record and sure would be nice Lol! But “additional incentives” could just mean more of the same; like after 2024 those members who will reach 30 years credited service during 2025 may be offered $50K ( or anyone with 30+ ). The pattern has been take the SRI or wait til next contract but that last sentence sure sounds like there will be more offers. I’ll be at 40 years and $40 an hour in 2028 unless they make a better offer. Time will tell. Quote Link to comment Share on other sites More sharing options...
Torqued1 Posted February 10, 2024 Share Posted February 10, 2024 Read it maybe!!!!!!!! Quote Link to comment Share on other sites More sharing options...
DavzinSoCal Posted August 19 Author Share Posted August 19 Additional SRI Packages currently being discussed at Ford NOW! I’ll quote: “Hopefully we’ll have something for you SOON” IMG_2202.MOV Quote Link to comment Share on other sites More sharing options...
waloud Posted August 20 Share Posted August 20 (edited) LAP was just offered SRI. Only 69 members signed up. They are going to be layed off for 10-12 months starting in Nov or Dec for retooling. KTP may be next to be offered the packages. Edited August 20 by waloud Quote Link to comment Share on other sites More sharing options...
DavzinSoCal Posted August 21 Author Share Posted August 21 Okay so i’m trying to understand your reply. 69 people signed up for the Retirement package? Because that’s what sri stands for: Special Retirement Incentive. So when you say “they” will be layed off you can’t be talking about those 69 people. But since you say they were offered SRI Packages then everyone will want to know two things: How Much MONEY was it and WHEN are they retiring? Quote Link to comment Share on other sites More sharing options...
waloud Posted August 21 Share Posted August 21 The whole plant will be on TLO for 10-12 months. I'm assuming the 69 that took the SRI will retire when they go on TLO. The lump sum is $50,000. Im not at LAP, so I don't know all the details. This info came from LAP Building Chairman. We are waiting at KTP to see if they will offer the same to us. Quote Link to comment Share on other sites More sharing options...
DavzinSoCal Posted August 21 Author Share Posted August 21 Thanks brother! This would be the first time SRIs weren’t offered to everyone at the same time. Then again it’s the first time they’ve been offered mid contract. Sure was hoping they’d offered more money since the UAW slogan was “Record Profits Record Contract”. My dad got $140K back in the day, then as you know, it dropped to $70K, $60K and now we’re still at $50K. Oh well, if it comes my way i’ll pass again Quote Link to comment Share on other sites More sharing options...
DavzinSoCal Posted August 21 Author Share Posted August 21 On 11/24/2023 at 9:11 AM, paintguy said: Be careful as well that future SRI may not be overall, but to certain locations or classifications as needed. You were right. Just talked to a guy from Louisville and they have SRI packages. Yawning though, because it’s only $50K again. Outta 4,500 only 69 took it. Of course only Ford and their local union knows how many were eligible. Quote Link to comment Share on other sites More sharing options...
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