FREQUENTLY ASKED QUESTIONS
1) What are the SIB and IBP?
The SIB and IBP are two schemes for the Pilot compensation and benefits package.
SIB is the existing program that started January 1, 2011. This included a productivity rate improvement and allows a pilot to receive a service
incentive at the end of 3 years after any outstanding bond with the company. Should a pilot reach the compulsory retirement (65 yrs) in the middle of the program, he will be entitled to a prorated computation.
The IBP is a program that incorporates an increase in productivity pay effective April 1, 2011 and includes additional medical, back-of-the-clock
flights, rest-day duty and vacation leave buy-out benefits.
2) Do all pilots need to select between SIB and IBP?
Yes. Each one needs to formally express his scheme of choice by signing an agreement that stipulates the package he/she prefers.
4) If I do not make a choice and fail to sign the agreement on or before March 31, what will happen?
If a pilot fails to sign and submit before the deadline, default package will be SIB the current outstanding program.
The default or chosen scheme will remain for the duration of your employment. While the figures and benefits used are valid April 1, 2011 onwards for IBP (Option 2) any future adjustments of benefits, flight classification for back-of-the clock, future vacation leave conversions, medical coverage guidelines may still be adjusted by management as deemed beneficial to all.
5) When is the deadline to inform People Department of my desired option?
Deadline is 1830H March 31, 2011. This means that it is better to submit your form as soon as you can and anticipate the need to submit prior to any outstation assignment, RON duties and any unforeseen needs to go on leave. We encourage everyone to personally see us at the People Department before the deadline to take advantage of being advised on which scheme works best for you.
6) Why is there a provision for 90-days notification period of resignation with IBP?
The 90-day separation notice is a courtesy to the company to provide ample time to minimize operational disruption.
7) Will the 90-day notice also mean that my last 3-month salary will be withheld until my clearance is processed?
No. There will be no change to existing policy and practice.
8) If a pilot fails to tender 30-day or 90-day notice period, whichever is applicable, what will happen?
Should you fail to provide agreed notice period of separation it will be considered as a breach of contract.
9) If I am up for recurrency within the 90-day notice period, will I still be slated to undergo recurrent training?
The purpose of the 90-day notice period is to minimize operational disruption. The company, at its discretion, will continue to ensure that you are able to be a productive member of the team during this period.
10) If my published schedule for this month indicates 10 days off and I was asked to report during one of the 10 off-days, will I be paid?
No. The company will guarantee you a minimum of 8 days off. If for operational reasons the company requests you to work on any day off below the minimum of 8 days an additional allowance will be paid.