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Alaska Airlines
Alaska Airlines Pilots Approve New Four-Year Contract
June 5th, 2009
The pilots of Alaska Airlines, represented by the Air Line Pilots Association, Int'l (ALPA), have voted to approve a new four-year contract. Of the 95 percent of pilots who voted, 84 percent did so in favor of the agreement. Effective April 1, 2009, the new contract for Alaska's 1,455 pilots includes pay increases, retirement options for current employees, and work rules that provide increased flexibility for pilots and improved productivity for the airline. The company's defined benefit pension plan will be closed to pilots hired after ratification, reducing retirement funding risk. Pilots hired post ratification will instead participate in a 401(k) program....
Source: Health Business Week (2009-06-05)
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