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Old 18th Jan 2018, 05:01
  #144 (permalink)  
Tiredofbeingtired
 
Join Date: Dec 2017
Location: thailand
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So they should make an announcement to something to come that has not even happen yet?

I receive a letter this week from them. They talk about legal things. That not good enough for you I guess.

"There are several, ongoing legal disputes from claimants regarding their entitlements which also increases the legal costs of the Trust’s attorneys. This is an expected by-product of the impartiality of the Trust which bases its entitlement decisions solely on the recommendation of Harvey Watt & Co. which makes its recommendation based on the Rules of the Plan which are written by your fellow Emirates pilots.

For those of you unfamiliar with the API Trust; having placed the bank account where you make your contributions into the Trust, payments from the account can only be directed by the Trustee, not by the pilots who manage the Plan. The Trustee makes that decision based on the recommendation of Harvey Watt & Co. or the Admin team (regarding Leave Service Benefit calculations); the pilots who manage the Plan have no authority to direct the Trustee in that payment process. By placing the Rules into the Trust the pilots who manage the Plan wanted to ensure that the Trustee reviews any changes to the Rules and makes the decision to approve or reject based on the Trust’s legally-regulated duty to protect the members (you) as well as the fund (for everyone); again, the pilots who manage the plan have no authority to direct the Trustee as to whether their suggestions will be followed."
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