Originally Posted by
shiznit
The remaining 0-2.5B of PTIX amount of 10% is a fixed dollar amount:
2.5B x 10% = $250,000,000
The "pilot share" is roughly 1/3. So say the pilot share is $82,350,000.
The cost of 1% on the pilot pay tables is about $23,000,000.
So AFTER we negotiate new acceptable pay raises, would the membership be willing to convert the rest of the 0-2.5B into additional numbers on the pay chart?
$82.35M / 23M = 3.58%
So, AFTER the negotiated (and past due) increases, add ANOTHER 3.58% in pay table bumps and a new PS plan of 0% of 0-2.5B and 20% of everything above 2.5B?
With NO changes, theoretically we get 15% as of day one and 4% for the next three years in regular negotiations, that portion of the PS is worth:
$82.35 mil (for pilots) in 2016
$82.35 mil (for pilots) in 2017
$82.35 mil (for pilots) in 2018
$82.35 mil (for pilots) in 2019
Total of $329.4 million.
If it is converted into the rate tables, it is worth:
$94.70 mil (for pilots) in 2016
$98.49 mil (for pilots) in 2017
$102.43 mil(for pilots) in 2018
$106.53 mil(for pilots) in 2019
Total of $402.15 million
Difference of $72.75 Million dollars in 4 years, and more each year thereafter.
What would you vote to do as an MEC member?
I don't think we should ever cede the "20% of infinity" number, that can't be costed, but below infinity it is a fixed number. That is math.
We need to decide what is more valuable, and where that line is.
I tried to point all this out to the forum before. Most could not grasp the concept.