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Please be advised that we have completed the ratification lump sum bonus true-up calculations. The “true-up” provision in the IAM-Southwest collective bargaining agreement increases our original ratification bonus received in 2014. The amount is based on your pay step and work status—part-time or full-time—at the time the initial ratification bonus was paid in 2014. Again, […]

International Association of Machinists and Aerospace Workers (IAM) District 142 today announced that due to the “true up” provision negotiated during the last round of collective bargaining, IAM workers at Southwest Airlines will receive an additional $119 million in wages and lump sum payments. “I’d like to thank the IAM negotiating committee at Southwest for

The process of calculating and verifying the True-up provisions of the IAM contract on Southwest continues.  The negotiated protections to wages, bonus payments and 401(k) contributions are significant and require the necessary care to ensure the proper future rates of pay and lump sum bonus payments are accurate.  Southwest Airlines has been fully cooperative and

IAM’s Forward Thinking Negotiations Strategy at Southwest Results in Windfall of Cash for Members. When IAM members at Southwest Airlines ratified their most recent contract in December 2014, they not only received wage increases, lump sum payments and other improvements, they also ratified IAM negotiated protections against falling behind other Southwest employee groups who were