SMART Local 506
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ARTICLE IV

SEPARATION ALLOWANCE
​1. (a) On or before January 1, 1992, the Company will solicit voluntary separation requests from eligible employee. (An eligible employe under this Article is defined as an employe holding seniority and in active service on the Eastern District in the craft covered by this Agreement.)

(b) The amount of the separation allowance shall be as follows :
1.     Crew Consist Protected Employes (hired prior to August 1, 1984) - $60,000
2.     Non-Crew Consist Protected Employes - $40.000
NOTE:
If the W-2 for 1990 (ED earnings for the year not including lump sum payments) is larger, the separation allowance shall be equal to the adjusted W-2
​2. All separation allowance requests must be received by the designated Carrier official within 30 days from the designated offer date as set forth above. Separation allowance may be delayed until sufficient conductors are available.
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  • Home
    • Local 506 Info >
      • Officer Contacts
      • Update Contact Information
    • The Reports Page
    • Member Toolbox
    • Safety Committee >
      • Safety Concerns & Suggenstions Form
    • UTUIA
  • Crew Consist
  • Claims
    • Claims Information
    • 10th Street off Assigned Limits Violation
    • Assigned Jobs Performing Extra Road Service
    • Board Runaround
    • Called Off Road To Cover Yard When Extra Board is Exhausted (RULE 32K)
    • Claims While Taking Rules Exam
    • Dropped Turns
    • Dogcatch Claims >
      • Automatic Release (Rule 67)
      • Multiple Dogcatch (Rule 31)
    • EOT Handling
    • Extra Dodger Assignment Change
    • Failure to Furlough after 48 Hours
    • HI (Held In) Status
    • Meal on Non-Interdivisional Service (Dogcatching, etc)
    • Road Crews Driving Company Vehicles >
      • Dodger Crews Driving Company Vehicles
    • Road Crew Hostling Power
    • Senior Applicant Extra Board Seniority Restriction
    • Senior Available Applicant to Conductor Extra Board When Vacancies are Filled by Other Means
    • Single Day Requests
    • Step-Ups
    • Temporary Vacancy Not Allowed- Assigned Freight
    • Tied-Up at Intermediate Point
    • Train Exchange
  • New Hire Information
    • New Hire Home Page & Important Info
    • Membership Application
  • Furlough Information
  • News Blog
  • Agreements & Attendance Policy
    • Salina Hub Agreement
    • Expanded Salina hub
    • 1992 CREW CONSIST MODIFICATION
    • AWTS Agreement
    • Vacation Agreement
    • Zone 100 Modification Agreement
  • Union Insurance
    • Disability Insurance Policies
    • DIPP Insurance >
      • Schedule of maximum benefits
      • DIPP summary plan description
      • DIPP Summary of Material Modifications
      • DIPP Program Application
      • DIPP Claim Form
  • Health and Welfare
  • Maps & Yard Procedures
    • Fairfax Job Aid
  • Quick Reference Guides, "How To's", and Common Q&A
    • Vacation Bid Process
  • UTU Political Action and Resources
  • Excess Hours of Service Report
  • Helpful Links