Originally Posted by
jsled
RETRO PAY
“100% Retro Pay” and “Just one more day of Retro Pay” were the demands of both pilot groups. This item alone was one of the toughest fought items of the negotiations. Your JNC fought long and hard over Retro Pay with a company that did not want to give the pilots anything, and to this day refuses to call it Retro Pay. Despite the semantics war of Lump Sum vs. Retro Pay we will deliver the $400 Million amount in a fashion consistent with Retro Pay definitions. While we did not achieve 100% retro pay, it nevertheless is a milestone event in airline contract negotiations. The $400 million sum attained is 4 times more than any carrier has ever achieved outside of a bankruptcy process.
I voted on 2 contract at CoEx and we got FULL RETRO on both. $400 million may be 4 times whatever, but it's only a fraction of what I'm owed for the last 4 years working without a contract.
Don't give in to fear. Send it back.