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.
If you are saying that we negotiate a hypothetical 15, 4, 4 then convert profit sharing for a 18.5, 7.5, 7.5 then I agree with you, however history is not on our side with that math.
You can ask your reps and they will admit that they undersold profit sharing in C2012 and it turned out to be a 1:1. Basically you took it from one pot that you were going to get and put it in another and called it a raise.
Yes I know that that raise is permanent, however do you really consider 3% a year a raise or a cost of living adjustment. Even the FA's got 4% at top of scale.
It will be interesting to see how these negotiations turn out. I'm expecting a lot since being here for the lost decade.