SOUTHWEST AIRLINES "ME-TOO" CLAUSE FAQ

When will the new pay scales be posted?

The new wage rates with the top-of-scale rates adjusted for the Me-Too clause are now posted on the website on the Southwest Contracts page and the CS&S/SOS Bulletin Board.

When do the new pay rates go into effect?

The new pay rates go into effect on the April 16 - 30, 2024 pay period and should be reflected on the May 5, 2024, paycheck.

Will we continue to receive regular raises per the contract?

All wage scales listed in Article 27 will have the rates of pay at all steps increase by 3.0% in December 2024, 2025, and 2026 as described in the Collective Bargaining Agreement.

When will the new bonus be paid?

The new Bonus Payment will be made as a separate Line item on the paycheck dated May 20, 2024.

How was the bonus calculated?

The bonus was calculated on $445 per year of completed service as of December 15, 2022 for eligible members, with a minimum payout of $2000

If I am no longer employed by Southwest Airlines, do I qualify for the bonus?

Southwest employees who have left the Company or transferred out of the Classifications represented by the IAM since the December 2022 signing bonus calculation will not be eligible for any additional bonus money.

Any employee who has been terminated since the last Bonus Payment will be eligible for an additional Bonus Payout only if they should return to work under any settlement or Grievance resolution.

What if I am still employed by Southwest Airlines in another classification but was an IAMAW member during the period of time this covers?

Employees who have left the Company or transferred out of the Classifications represented by the IAM since the December 2022 signing bonus calculation will not be eligible for any additional bonus money.

Can I contribute some of my bonus to my 401(k)?

You can elect to have no contribution to your 401(k) from the bonus, or you can elect to contribute up to 50% of your bonus to your 401(k) as long as you do not exceed the IRS annual contribution limit! Contact your 401(k) plan administrator to make any necessary changes to your paycheck.

Will the bonus be taxed?

Yes. The bonus is considered as earnings and therefore is subject to all normal tax withholdings required by law.

Did our 401(k) and/or medical benefits change because of the Me-Too clause?

The IAM agrees to keep the modified agreement regarding the 401-K and Regular Medical Plan. This agreement is a 4% NEC and a 5.3% Match in return for eliminating the Regular Medial plan going forward with those currently enrolled to stay in such plan.