Originally Posted by
shiznit
Timbo, thanks... Wouldn't have seen Carl's comment otherwise; he's correct on one point, right now no one has a choice (nobody at DAL is negotiating anything related to Section 6 right now). It may never happen, but it's worth considering from a purely mathematical standpoint.
I DO NOT agree with changing PS into payrates and calling it a raise. Would we like C2015 raises, THEN a PS change that goes on top of that? Maybe, gotta see the math on what we get for it...
Do I like having as much of my income at risk, and DELAYED by more than a YEAR to be paid....No, I do not like that.
The Company can "share" a bigger chunk of those "profits" with me in my bi-monthly paychecks. I'd rather get paid NOW, get the extra 15% in my 401k NOW; use that money to make more money NOW. I'd rather not let the Company sit on our money for a year to earn the interest we could have made.
We get it.. Carl is bad at finance (thank God he still has his 747 Captain pension). He thinks it's a good idea to let someone else keep part of our paychecks every month, and delay more of our money going in our 401k plans sooner.
Timbo, why you think he should "preach it" is lost on me...
You are dreaming if you think RA is going anywhere near the increases you wish for in a profit sharing trade. Touching one penny of profit sharing will result in self funding increases we would get anyway.