LOA 3 - CARP

LETTER OF AGREEMENT

BETWEEN

UNITED AIRLINES, INC.

AND

THE FLIGHT ATTENDANTS

IN THE SERVICE OF

UNITED AIRLINES, INC.

AS REPRESENTED BY

ASSOCIATION OF FLIGHT ATTENDANTS-CWA, AFL-CIO

This Letter of Agreement is made and entered into in accordance with the Railway Labor Act by and between United Airlines, Inc. (the “Company”) and the Association of Flight Attendants – CWA, AFLCIO (the “Union”). 

WHEREAS during the negotiations between the Company and the Union (collectively, the “parties”) leading to the 2016 – 2021 Agreement (the “Agreement”), the parties agreed upon terms regarding Flight Attendant participation in the Continental Retirement Plan. 

NOW THEREFORE, the parties to this Letter of Agreement hereby agree on the following terms regarding Flight Attendant participation in the Continental Retirement Plan.

1. Flight Attendants who immediately prior to the Effective Date of the Agreement, were covered by the subsidiary-Continental collective bargaining agreement and participating in the Continental Retirement Plan (CARP) shall continue to participate in CARP. 

2. Flight Attendants will retain the right to obtain a lump sum distribution from CARP in accordance with its plan provisions. 

3. In the event the Company terminates or freezes CARP with respect to participating Flight Attendants, the Company shall begin making contributions to the IAM National Pension Plan (NPP) on behalf of each affected Flight Attendant. 

4. The contribution referenced in item 3 above shall be in an amount equal to $1.60 for each hour that such Flight Attendants are entitled to receive pay under the Agreement multiplied by one point eight nine one (1.891), to the maximum specified by the IAM plan, for the remaining term of the Agreement. 

5. The parties to this Letter of Agreement hereby agree that it shall run concurrently with the 2016.2021 Agreement, and shall be concurrently subject to the provisions pertaining to duration and amendment contained therein. 

The parties hereto have signed this Letter of Agreement this 28th day of August, 2016.